PLAYSTUDIOS (NASDAQ:MYPS – Get Free Report) announced its quarterly earnings results on Thursday. The company reported ($0.92) EPS for the quarter, missing analysts’ consensus estimates of ($0.29) by ($0.63), FiscalAI reports. The company had revenue of $48.92 million during the quarter, compared to the consensus estimate of $54.19 million. PLAYSTUDIOS had a negative net margin of 20.65% and a negative return on equity of 19.61%.
PLAYSTUDIOS Stock Performance
NASDAQ:MYPS remained flat at $4.68 on Friday. The company’s stock had a trading volume of 69,904 shares, compared to its average volume of 68,154. PLAYSTUDIOS has a 1 year low of $3.53 and a 1 year high of $8.51. The stock has a market cap of $56.21 million, a price-to-earnings ratio of -1.23 and a beta of 1.01. The stock’s fifty day moving average price is $4.56 and its 200-day moving average price is $5.17.
Analyst Upgrades and Downgrades
A number of brokerages recently issued reports on MYPS. Weiss Ratings cut shares of PLAYSTUDIOS from a “sell (d-)” rating to a “sell (e+)” rating in a report on Monday, October 26th. Wall Street Zen upgraded shares of PLAYSTUDIOS to a “hold” rating in a report on Saturday, October 17th. One research analyst has rated the stock with a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, PLAYSTUDIOS currently has a consensus rating of “Hold” and an average target price of $10.00.
Get Our Latest Research Report on PLAYSTUDIOS
PLAYSTUDIOS Company Profile
PLAYSTUDIOS, Inc is a developer and publisher of free-to-play casual and social casino-style mobile games. The company combines digital gaming with a loyalty-rewards model, allowing players to earn points through gameplay and redeem them for offers and experiences from hospitality, travel, entertainment and other consumer brands.
Its portfolio includes titles such as myVEGAS Slots, myKONAMI Slots, POP! Slots and MGM Slots Live. PLAYSTUDIOS distributes its games through major mobile and online platforms and serves players internationally, with its products available across multiple geographic markets.
The company was founded in 2011 by Andrew Pascal, who serves as chief executive officer.
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