(11B) 11 bit studios S.A - Ratings and Ratios

11 bit studios S.A is a Polish video game development and publishing company that creates and distributes cross-platform games globally, leveraging its in-house development capabilities and external partnerships with third-party studios. With a foundation established in 2009, the company is headquartered in Warsaw, Poland, and maintains a strong online presence through its website, https://11bitstudios.com.

The companys business model is diversified across game development and publishing, allowing it to capitalize on its creative assets and expand its market reach. As a publicly traded company listed on the Warsaw Stock Exchange under the ticker symbol 11B, 11 bit studios S.A is subject to market scrutiny and investor expectations. Its classification under the Interactive Home Entertainment sub-industry by GICS underscores its position within the rapidly evolving gaming sector.

Analyzing the stocks recent performance, we observe a current price of 224.80 PLN, which is above its 20-day and 50-day simple moving averages (SMA20: 210.09, SMA50: 208.11), indicating a short-term bullish trend. However, the stock remains below its 200-day simple moving average (SMA200: 317.34), suggesting a longer-term bearish trend. The Average True Range (ATR) stands at 10.18, equivalent to 4.53% of the current price, indicating moderate volatility. The stock has experienced significant price fluctuations over the past 52 weeks, with a high of 707.00 PLN and a low of 150.00 PLN.

From a fundamental perspective, 11 bit studios S.A has a market capitalization of 553.54M PLN and a price-to-earnings ratio of 11.74, suggesting a relatively reasonable valuation compared to its earnings. The companys return on equity (RoE) stands at 19.42%, indicating a satisfactory level of profitability. However, the absence of a forward P/E ratio complicates the assessment of future earnings expectations.

Forecasting the stocks future performance, we can anticipate a potential rebound if the company successfully releases new titles or announces promising partnerships, which could drive the stock price towards its 200-day SMA. Conversely, failure to meet earnings expectations or a decline in the overall gaming market could exacerbate the bearish trend. Based on the current technical and fundamental data, a potential target price could be around 250-280 PLN in the short term, representing a 10-15% increase from the current level. However, this forecast is contingent upon the companys ability to navigate the competitive gaming landscape and deliver successful titles.