Connect with us

Hi, what are you looking for?


The CD Projekt cycle was the lowest in 3 years. There is a new recommendation

2022-04-19 09:49, Law 2022-04-19 17:47

2022-04-19 09:49

2022-04-19 17:47

The CD Projekt cycle was the lowest in 3 years.  There is a new recommendation
Photo: Postmodern Studio / / stock struggle

In the first trading session, after the release of annual results, the price of CD Projekt reached its lowest level in 3 years. Investors were not satisfied with the company’s higher than expected earnings. A new recommendation from Credit Suisse has appeared on the market.

Investors can only react on Tuesday CD Projekt السنوية Annual ResultsPublished by the company on Thursday, April 14th. Due to the stock exchange calendar resulting from Easter, there were no sessions on Friday 15 April and Monday 18 April. Tuesday’s opening did not signal a strong sell-off. The price in the first transactions was set at the closing level on Thursday – 167 PLN, and in several transactions a few dozen more profit, which indicates the green prices of the product “Cyberpunk 2077”

However, the show quickly took the lead, bringing the rate to its lowest level in more than 3 years. After fixing, CD Projekt shares fell 10.24 percent, at 149.90 PLN per share, with the highest turnover in the market – 256.75 million PLN. This is the lowest rate since January 4, 2019.

On the day of the Russian invasion of Ukraine, the rate set periodic lows at 150.20 PLN per share.

Several recommendations of the company have recently appeared on the market. On April 12, she appeared in “Puls Biznesu”. Information about CD Projekt’s recommendation with a target price of PLN 214 (from PLN 115).

On Tuesday, PAP said Credit Suisse analysts have lowered their target price to PLN 100.

See also  Bełchatów power plant - failed. There are 6 power units in operation

Cable is an acronym for Recommendation. The first distribution of the report took place on April 15, at 03.00 (UTC) – the message informs.

Analysts cut CD Projekt’s forecast for 2022 revenue by 36.8%. Up to 882 million zlotys, citing the reason, among other things, a plan to release an extension of Cyberpunk 2077 in 2023, a decrease in sales of game copies (4.2 million against 5.5 million), or a suspension of sales in Russia, he told PAP .

The company said Thursday that it had sold more than 18 million copies of Cyberpunk 2077 by April 14. The number given is the company’s estimate based on information from distributors. This is a sale to gamers, ie. through sale. During the presentation, President Kisinsky announced that PC sales account for more than 55 percent. Total sales of the game, PlayStation by 27 percent, and Xbox by 18 percent.

CD Projekt’s net profit for the fourth quarter of 2021 was PLN 87.5 million. Profit 9.6 percent. It was higher than the expectations of analysts who had expected the result at 79.9 million PLN. The group generated revenue of PLN 273.1 million, while the average forecast of analysts was PLN 247.4 million (in the range of PLN 213.8 to PLN 321 million). Operating profit amounted to 94.7 million PLN. The consensus assumed a profit of 87.7 million PLN. CD Projekt’s fourth-quarter EBITDA result of PLN 116.7 million was above the average forecast of analysts. The group’s revenue in 2021 amounted to 888 million PLN, mainly due to the sale of the game “Cyberpunk 2077”. Consolidated net profit amounted to 209 million PLN.

See also  Tesla gets a patent for laser wipers

The company also announced that The first expansion of “Cyberpunk 2077” will be released in 2023. On March 13, CD Projekt decided that The premiere of “The Witcher 3: Wild Hunt” has been postponed to the latest generation of consoles and is planned for the second quarter of 2022.


Click to comment

Leave a Reply

Your email address will not be published.

You May Also Like


Another person familiar with Sony’s plans confirms the killer news for PS5 owners. Horizon Forbidden West is not expected to appear on the market...


It looks like Tesla wants to use lasers instead of standard wipers in the future. I applied for a patent for this solution. The...


The British government has canceled a recommendation to avoid travel to and from the eight regions most affected by the Indian coronavirus variant altogether....


Farmer reveals government plans for CPK The farmer who issued the documents is a member of the social council of the CPK. As he...