Devolver Digital (LON:DEVO) Sets New 52-Week Low – Should You Sell?

Shares of Devolver Digital, Inc. (LON:DEVO) reached a new 52-week low on Wednesday . The company traded as low as GBX 15 and last traded at GBX 17, with a volume of 1370 shares trading hands. The stock had previously closed at GBX 16.

Key Stories Impacting Devolver Digital

Here are the key news stories impacting Devolver Digital this week:

• Positive Sentiment: Ball X Pit surpasses 2 million sales. The Devolver-published roguelite’s milestone and a final free update reinforce the strength of the company’s portfolio and could improve expectations for publishing revenue and cash flow. BALL x PIT Gets One Final Free Update as It Smashes 2 Million Copies Sold Devolver’s Brilliant Roguelite Dopamine Factory, Ball X Pit, Is a Smash Hit at 2 Million Sales
• Positive Sentiment: Serious Sam: Shatterverse receives a firm launch date. The game is scheduled for August 31 on PlayStation 5, Xbox Series consoles and PC, giving Devolver another upcoming release that could generate sales and player engagement. Serious Sam: Shatterverse Launches August 31 for PS5, Xbox Series, and PC
• Neutral Sentiment: Management intends to take Devolver private. Reports say the publisher is seeking to delist after its shares lost roughly 95%–96% since the 2021 listing. A transaction could offer shareholders an exit at a premium, but no definitive terms or price are cited, leaving valuation and completion risks unresolved. Devolver Digital intends to go private Indie game publisher Devolver Digital wants to go private
• Negative Sentiment: The delisting plan highlights serious investor concerns. The collapse in the share price, challenging games market and reduced public-market liquidity underscore pressure on Devolver’s valuation and may limit future access to listed-equity financing. Devolver Digital to leave London Stock Market after 96% share price collapse

Analysts Set New Price Targets

DEVO has been the subject of several recent analyst reports. Shore Capital Group restated a “buy” rating and issued a GBX 27 price target on shares of Devolver Digital in a research note on Friday, June 26th. Berenberg Bank restated a “buy” rating and set a GBX 28 price objective on shares of Devolver Digital in a research report on Wednesday, July 1st. Two equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat, Devolver Digital currently has an average rating of “Buy” and an average price target of GBX 27.50.

Devolver Digital Stock Up 8.0%

The company’s 50 day moving average price is GBX 18.46 and its two-hundred day moving average price is GBX 21.65. The company has a quick ratio of 4.85, a current ratio of 1.78 and a debt-to-equity ratio of 0.57. The stock has a market cap of £32.67 million, a P/E ratio of -1.94 and a beta of -0.43.

Devolver Digital Company Profile

Devolver Digital Inc develops, publishes video games for PC and mobile devices in the United States and internationally. Devolver Digital Inc was incorporated in 2008 and is based in Austin, Texas.