Ubisoft stock is at its lowest in almost 10 years following the release of Star Wars Outlaws
, by Thibaut
The launch of Star Wars Outlaws hasn't helped Ubisoft's financial health on the stock market. After all, the French company's share price has plummeted since August 27.
At the time of writing, the share price stands at €15.44. This is the lowest since December 19, 2014 (€14.95). Over the last five days, the share price has fallen by 11.36%, or -9.73% over the month. Worse still, over the last six months, there has been a staggering fall of -25.35% and -35.40% over the year.
According to Reuters analyst Micap Partners, this is linked to the disappointing launches of games such as Star Wars Outlaws and XDefiant. JP Morgan analyst Daniel Kerven expected Star Wars Outlaws to sell 7.5 million units by the end of March 2025, but has since revised his forecast to 5.5. million.
Source: reuters.com