tinyBuild (LON:TBLD) Sets New 12-Month High – Should You Buy?

Shares of tinyBuild, Inc. (LON:TBLD) hit a new 52-week high during mid-day trading on Monday . The company traded as high as GBX 14 and last traded at GBX 14, with a volume of 653552 shares. The stock had previously closed at GBX 13.50.

Analyst Upgrades and Downgrades

Separately, Shore Capital Group reaffirmed a “hold” rating and set a GBX 8.50 target price on shares of tinyBuild in a research note on Thursday, June 18th. One research analyst has rated the stock with a Hold rating, According to MarketBeat, tinyBuild currently has a consensus rating of “Hold” and an average target price of GBX 8.50.

tinyBuild Trading Up 8.8%

The business’s 50 day moving average price is GBX 10.93 and its two-hundred day moving average price is GBX 8.97. The company has a debt-to-equity ratio of 0.20, a quick ratio of 3.88 and a current ratio of 0.94. The company has a market capitalization of £60.96 million, a price-to-earnings ratio of -15.50 and a beta of -0.43.

Insiders Place Their Bets

In other news, insider Alex Nichiporchik bought 200,000 shares of the business’s stock in a transaction on Friday, June 26th. The stock was purchased at an average cost of GBX 9 per share, for a total transaction of £18,000. 62.30% of the stock is owned by company insiders.

tinyBuild Company Profile

Founded in 2013, tinyBuild (AIM: TBLD) is a global video games publisher and developer, with a catalogue of more than 70 premium titles across different genres. tinyBuild’s strategy is to focus on its own intellectual property (IP) to build multi-game and multimedia franchises, in partnership with developers.

tinyBuild is headquartered in the USA with operations stretching across the Americas and Europe. The Group’s broad geographical footprint enables the Company to source high-potential IP, access cost-effective development resources, and build a loyal customer base through its innovative grassroots marketing.

tinyBuild was admitted to AIM, a market by the London Stock Exchange, in March 2021.

For further information, visit: www.tinybuildinvestors.com.