King Digital Entertainment PLC (NYSE:KING) - Since shares of (NYSE:KING) IPO'd back in March of this year shares traded as high as $23.48, and as low as $12.00. Shares closed Friday up $0.21 per diluted share around a (1.73%) return for the day closing at $12.32. With around 120 M outstanding shares to the public it may make sense to now add this company to your Watch Lists. Why you ask? To be short simply common shares are not only trading hands for a little over 3 Times P/E which is crazy, but lets not forget how massive the actual market is that this company operates in. The Video Game Market, where currently King Digital offers over 180 + titles in over 200 + countries around the globe. Most of these games of which are played on Websites like Facebook, and are available via Google Play, Amazon, Apple App Store which shows their potential on both the Android, but the IPhone Markets as well. King Digital Entertainments most well known games include Candy Crush Saga, and Pet Rescue and it is estimated that over 130 Million Plus Daily Active Users play these games more than 1.3 Billion times per day. Lets just face it they have vary catchy games, and games that bring the player back often.
With where shares are trading at now, it really would make a lot of sense to add this company to your Watch List. There is no doubt in my mind that this company has possibly just struck rock bottom, and only can go up from here.