Much has been discussed and speculated about Polish game developer CD Projekt Red in recent months. With the role-playing game Cyberpunk 2077, released in December, the group recently lost favor with both players and investors. The computer game was and still suffers from countless bugs.
From a shareholder’s perspective, mood alone is just one factor among many. Actual numbers are likely to be more significant and will be released next week. Earlier, the top management announced the preliminary numbers, as reported by “WCCFTech”.
Better than ever
The results are more than impressive. In terms of sales, last year the equivalent of 470.77 million euros was made, and the profit is a good 250 million euros. The numbers for 2019 were comfortably outnumbered; In fact, the company has never had such sales and profits before.
Should investors sell now? Or is it worth it Log in to CD Projekt RED?
Shareholders should have expected CD Projekt Red to deliver record results in terms of numbers. After all, Cyberpunk 2077 was able to break all records in pre-orders thus making huge sales despite all the troubles. But all of this is in the past – and thus CD Projekt Red sharing hardly helps.
Big hit for CD Projekt Red stocks
The Polish studio has lost a lot of trust between the games and its contributors, and there are currently two issues pending. How long will it take for the Cyberpunk to reach an acceptable condition and how high the costs will be, remains unpredictable.
This is exactly the reason why exchange traders are so cautious about the CD Projekt Red stock. The bearish trend does not want to end. On Friday, the newspaper lost another 4.23% of its value, thus crossing the € 40 line at the end of the week. This is only a good indication of the coming days.
Should CD Projekt RED Investors Sell Immediately? Or is it worth starting?
How will CD Projekt RED be developed now? Is your money safe in this stock? Answers to these questions and why you should act now can be found in the current analysis of CD Projekt RED Post.
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