Frontier Developments plc Stock Price Surges Above 50-Day Moving Average
April 12, 2023
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Thursday saw a significant milestone for stock in Frontier Developments ($LSE:FDEV) plc, as their stock price surged above the fifty-day moving average. This surge has been attributed to the strong performance of the company’s stock in recent weeks, as well as the increasingly positive sentiment surrounding the company. Frontier Developments is a video game developer based in the United Kingdom.
Their success in the gaming industry has seen their stock soar in recent months, with investor confidence in the company’s prospects at an all-time high. The surge above the fifty-day moving average is just another sign of the positive momentum behind the stock and the company.
Stock Price
Shares opened at £4.7 and closed at £4.6, down slightly from the prior closing price of £4.7. This development signals a bullish signal for the company, as it indicates that the recent momentum in Frontier Developments stock is likely to continue. This news is expected to buoy investor sentiment in the company and could lead to further gains in its stock price. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Frontier Developments. More…
| Total Revenues | Net Income | Net Margin |
| 122.03 | 18 | 14.8% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Frontier Developments. More…
| Operations | Investing | Financing |
| 64.71 | -49.17 | -6.49 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Frontier Developments. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 173.51 | 46.82 | 3.21 |
Key Ratios Snapshot
Some of the financial key ratios for Frontier Developments are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 28.9% | 13.8% | 8.0% |
| FCF Margin | ROE | ROA |
| 19.8% | 5.0% | 3.5% |
Analysis
If you are looking to analyze the financials of FRONTIER DEVELOPMENTS, GoodWhale is the perfect tool. GoodWhale has further detected three risk warnings in FRONTIER DEVELOPMENTS’ income sheet, balance sheet, and cash flow statement. If you would like to check these out for yourself, simply register on goodwhale.com and you can explore our powerful financial analysis tool. More…
Peers
It has a large catalogue of titles and is renowned for its innovative and award-winning games. The company competes with other major developers such as Remedy Entertainment PLC, Fun Yours Technology Co Ltd, and TinyBuild Inc. These companies have established their own unique presence in the gaming industry, providing consumers with a variety of entertainment experiences.
– Remedy Entertainment PLC ($OTCPK:RMDEF)
Remedy Entertainment PLC is a Finnish video game developer and publisher based in Helsinki, Finland. Founded in 1995, the company is best known for developing the Max Payne franchise as well as Alan Wake and Quantum Break. As of 2022, Remedy Entertainment PLC has a market capitalisation of 308.37M and a Return on Equity (ROE) of 10.74%. This market cap represents the total value of the company’s outstanding shares and demonstrates the company’s financial health. The higher the ROE, the more profitable the company is – 10.74% indicates that Remedy Entertainment PLC is doing well financially.
– Fun Yours Technology Co Ltd ($TPEX:6482)
Fun Yours Technology Co Ltd is a multinational technology company that specializes in providing innovative solutions to the consumer market. The company has an impressive market cap of 803.57M as of 2022, making it one of the largest technology companies in the world. Its Return on Equity (ROE) of 15.32% is also quite impressive and shows that the company is a safe investment for investors. The company’s focus on innovation and customer service has allowed it to thrive in the highly competitive technology market.
– TinyBuild Inc ($LSE:TBLD)
TinyBuild Inc is a game development and publishing company based in Seattle, Washington. The company develops and publishes indie titles for PC, consoles and mobile platforms. Since its founding in 2011, TinyBuild has released over 60 titles, including SpeedRunners, Party Hard and Hello Neighbor. As of 2022, TinyBuild Inc has a market capitalization of 228.31M, making it one of the largest independent game publishing companies in the world. Additionally, the company has achieved a Return on Equity (ROE) of 11.68%, indicating that shareholders are receiving an adequate return on their investments.
Summary
Frontier Developments plc, a company that develops video games, recently saw its stock cross above its fifty day moving average. This is often seen as a bullish signal and may indicate that the stock is poised to rise further. Investors should analyze the company’s financials and other fundamentals before investing. It is also helpful to keep track of Frontier Developments plc’s competitors, as well as any new or upcoming products.
Furthermore, it is important to consider the current market conditions and other factors that can affect stock price, such as macroeconomic events. By taking all these factors into account, investors can make informed decisions when investing in Frontier Developments plc.
