Frontier Developments (FDEV)

Sector:

Leisure Products

Index:

FTSE AIM 50

1,240.00p
   
  • Change Today:
    -40.00p
  • 52 Week High: 2,860.00
  • 52 Week Low: 1,120.00
  • Currency: UK Pounds
  • Shares Issued: 39.42m
  • Volume: 31,429
  • Market Cap: £488.83m
  • RiskGrade: 195

Frontier Developments says sales of Jurassic World Evolution 2 on PC lower than projected

By Iain Gilbert

Date: Monday 22 Nov 2021

LONDON (ShareCast) - (Sharecast News) - Videogames publisher Frontier Developments warned on Monday that sales of its Jurassic World Evolution 2 title on the PC platform had been lower than originally projected since its release earlier in the month.
Frontier believes this to potentially be a short-term effect from "a more crowded release window than expected", with a number of other highly anticipated titles launching in the same window.

The AIM-listed group also noted that the title's release on PlayStation and Xbox consoles went ahead "smoothly" and added that console sales numbers were "largely as expected".

Frontier insisted that it believes the initial PC sales were "primarily a phasing issue" and that it expects "further significant sales" around Christmas.

Sales in the first 12 months were also expected to benefit from the launch of the Jurassic World Dominion film in June 2022.

Chief executive David Braben said: "Whilst initial sales on PC have been lower than we targeted, the game is already being enjoyed by around half a million players across all platforms, and showing very strong critical and player reviews. We are confident that it's another terrific addition to our great portfolio of games. Frontier's future looks strong and our portfolio continues to grow."

As of 0920 GMT, Frontier Developments shares had slumped 30.19% to 1,741.80p.

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

FDEV Market Data

Currency UK Pounds
Share Price 1,240.00p
Change Today -40.00p
% Change -3.13 %
52 Week High 2,860.00
52 Week Low 1,120.00
Volume 31,429
Shares Issued 39.42m
Market Cap £488.83m
RiskGrade 195

FDEV Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
90.6% below the market average90.6% below the market average90.6% below the market average90.6% below the market average90.6% below the market average
81.82% below the sector average81.82% below the sector average81.82% below the sector average81.82% below the sector average81.82% below the sector average
Price Trend
86.66% below the market average86.66% below the market average86.66% below the market average86.66% below the market average86.66% below the market average
83.33% below the sector average83.33% below the sector average83.33% below the sector average83.33% below the sector average83.33% below the sector average
Income Not Available
Growth
62.34% above the market average62.34% above the market average62.34% above the market average62.34% above the market average62.34% above the market average
16.67% below the sector average16.67% below the sector average16.67% below the sector average16.67% below the sector average16.67% below the sector average

What The Brokers Say

Strong Buy 3
Buy 0
Neutral 1
Sell 0
Strong Sell 1
Total 5
buy
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

FDEV Dividends

No dividends found

Trades for 20-May-2022

Time Volume / Share Price
17:08 450 @ 1,240.00p
16:35 3,539 @ 1,240.00p
16:29 28 @ 1,222.00p
16:29 11 @ 1,224.00p
16:29 25 @ 1,224.00p

FDEV Key Personnel

CEO David John Braben

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