PLAYSTUDIOS (NASDAQ:MYPS – Get Free Report) released its earnings results on Monday. The company reported ($0.02) EPS for the quarter, topping analysts’ consensus estimates of ($0.03) by $0.01, Zacks reports. The business had revenue of $72.59 million during the quarter, compared to analysts’ expectations of $73.49 million. PLAYSTUDIOS had a negative net margin of 5.64% and a negative return on equity of 6.73%. During the same quarter in the previous year, the company earned ($0.02) earnings per share.
PLAYSTUDIOS Price Performance
Shares of MYPS stock traded down $0.06 during trading hours on Wednesday, hitting $1.66. The company had a trading volume of 15,924 shares, compared to its average volume of 280,092. PLAYSTUDIOS has a fifty-two week low of $1.58 and a fifty-two week high of $4.01. The company’s fifty day moving average is $2.13 and its 200 day moving average is $2.28. The stock has a market capitalization of $223.10 million, a PE ratio of -13.15, a price-to-earnings-growth ratio of 7.07 and a beta of 0.63.
Wall Street Analyst Weigh In
Several brokerages recently issued reports on MYPS. Benchmark cut shares of PLAYSTUDIOS from a “buy” rating to a “hold” rating in a research note on Tuesday. Northland Securities decreased their target price on shares of PLAYSTUDIOS from $5.50 to $4.00 and set an “outperform” rating on the stock in a report on Tuesday. Finally, Craig Hallum lowered shares of PLAYSTUDIOS from a “buy” rating to a “hold” rating and decreased their target price for the company from $4.00 to $2.00 in a report on Tuesday. Three investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $3.75.
About PLAYSTUDIOS
PLAYSTUDIOS, Inc develops and publishes free-to-play casual games for mobile and social platforms in the United States and internationally. The company's game portfolio includes a diverse range of titles comprising social casino, card, puzzle, and adventure games. It also offers POP! Slots, myVEGAS Slots, my KONAMI Slots, MGM Slots Live, myVEGAS Blackjack, myVEGAS Bingo, Tetris, Solitaire, Spider Solitaire, Jumbline 2, Sudoku, and Mahjong games.
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