These Video Gaming Stocks Have Soared in Price Over The Past Year
Thinking of investing? These video gaming stocks have soared in price over the past year. When the pandemic hit, many of us turned to video games to help pass the…
NEW YORK, NEW YORK – SEPTEMBER 19: People play video games at the newly launched OS NYC, a fully equipped gaming lounge on September 19, 2019 in New York City. The lounge, which also serves drinks and food, offers a wide variety of modern and professional gaming equipment designed for either the gaming enthusiast and professional player. (Photo by Spencer Platt/Getty Images)
Photo by Spencer Platt/Getty ImagesThinking of investing? These video gaming stocks have soared in price over the past year. When the pandemic hit, many of us turned to video games to help pass the time and keep us entertained. Consequently, the gaming industry went from strength to strength, after a sharp rise in sales of video games and consoles.
The Nintendo Switch, arguably the console of the pandemic after their breakout hit ‘Animal Crossing New Horizons’, saw operating profits skyrocket by 82%, declaring 2020 a record year for the company. Meanwhile, a PS5 was near impossible to get your hands on after its release in November 2020, at the height of the winter COVID wave.
With a new generation of consoles, e-sports, and virtual reality gaming in development - investing in the video game industry has never been more exciting. These are the top 20 gaming stocks that have seen a surge in stock price over the past 12 months.
|
Rank |
Ticker |
Company Name |
Stock Price (current) |
Stock Price (12 months ago) |
% change |
|
1 |
AVID |
Avid Technology, Inc. |
25.72 |
7.45 |
245.23% |
|
2 |
NCTY |
The9 Limited |
15.89 |
5.25 |
202.67% |
|
3 |
SLGG |
Super League Gaming, Inc. |
4.13 |
1.76 |
134.66% |
|
4 |
GMBL |
Esports Entertainment Group Inc |
8.79 |
3.87 |
127.13% |
|
5 |
CRSR |
Corsair Gaming Inc |
28.66 |
14.25 |
101.12% |
|
6 |
Bili |
Bilibili Inc - ADR |
85.95 |
44.39 |
93.62% |
|
7 |
NGMS |
Neogames SARL |
41.71 |
21.59 |
93.19% |
|
8 |
NVDA |
NVIDIA Corporation |
228.43 |
119.13 |
91.75% |
|
9 |
HEAR |
Turtle Beach Corp |
28.52 |
16.99 |
67.86% |
|
10 |
MSFT |
Microsoft Corporation |
301.14 |
202.66 |
48.59% |
|
11 |
SCPL |
SciPlay Corp |
18 |
12.34 |
45.87% |
|
12 |
SCPL |
SciPlay Corp |
18 |
12.34 |
45.87% |
|
13 |
AESE |
Allied Esports Entertainment Inc |
2 |
1.43 |
39.86% |
|
14 |
AMD |
Advanced Micro Devices, Inc. |
109.92 |
78.69 |
39.69% |
|
15 |
CCOEF |
CAPCOM CO., LTD. |
30.44 |
24 |
26.83% |
|
16 |
EA |
Electronic Arts Inc. |
146.6 |
124.3 |
17.94% |
|
17 |
RBLX |
Roblox Corp |
82.87 |
72.15 |
14.86% |
|
18 |
AMZN |
Amazon.com, Inc. |
3478.05 |
3149.84 |
10.42% |
|
19 |
ATVI |
Activision Blizzard, Inc. |
81.18 |
76.18 |
6.56% |
|
20 |
ZNGA |
Zynga Inc |
8.8 |
8.32 |
5.77% |
Salman Haqqi, personal finance expert at Money.co.uk has commented on some of the activities to watch out for in the gaming market at the moment. “During the pandemic, we saw many gaming companies make huge profits after a surge in demand for video games. Nintendo was a prime example of this.
“While existing names like EA and Capcom are seeing renewed and steady growth, it’s the up and comers and disruptors in the industry that may make a big change in the industry over the next year or so. UFL, a new free-for-all online football simulation, is hoping to rival the existing mammoths such as Fifa (EA) and PES. Produced by Strikerz Inc., it’s an indication of the disruption that faces the gaming industry shortly. Esports brands such as Esports Entertainment Group continue to see rises in their stock price compared with September 2020.
“However, as with every investment - putting money into gaming stock comes with its risks. Despite analyst's and experts' opinions, events such as the recent controversy with Activision Blizzard show that no stock is foolproof, and with every investment comes risk. “Additionally, flagship brands such as NVIDIA are seeing renewed confidence from investors, regaining the title of the world’s most valuable semiconductor company.” You can read the full study here.
