After the postponement of the release of Assassin's Creed: Shadows, the Ubisoft share price collapsed by 19%

After the postponement of the release of Assassin's Creed: Shadows, the Ubisoft share price collapsed by 19%

Ubisoft's financial situation is becoming increasingly dire. The French publisher has lost more than 19% of the value of its shares on the stock market just this morning.

The current price of Ubisoft shares is only 9.18 euros. Moreover, a month ago, on August 28, one share of the company cost 17.50 euros. Thus, in just one week, Ubisoft lost 26% of its value on the stock market.

Investors are panicking after one of Ubisoft's most important releases disappeared from this year's calendar. We are talking about Assassin's Creed Shadows, the release date of which was postponed to February 2025.

We wrote about the difficult situation in the Ubisoft stock market back on September 12, when analysts said that this is not the end yet and you should refrain from shopping. And they were right: the company's shares actually fell from 11.7 euros per share (September 12) to 9.18 euros today. At the same time, analysts emphasized that Ubisoft has strong financial performance and low debt levels. Therefore, the publisher is not expected to face bankruptcy. However, in just six months, the company has already lost more than 51% of its market value, and there is no end in sight to this sharp decline.

Author: Katrina Khshanovich
26.09.2024

Actual news


31
28.09.2024
Last week, the Disney+ service started showing the new series “It’s All Agatha” from Marvel Stu...
41
26.09.2024
Ubisoft and Ubisoft Quebec have announced the postponement of the release of Assassin's Creed S...
33
26.09.2024
It recently became known that Nintendo filed a lawsuit against Pocketpair studio, the creators ...
33
26.09.2024
It was announced that Ubisoft's executive committee and board of directors would begin an inves...
29
28.09.2024
Have you forgotten about the famous thousand planets to explore in Starfield, which Todd Howard...
27
27.09.2024
September 19, the long-awaited release of the PC version of the game God of War Ragnarok took p...

Comments:

Send
Right banner