PLAYSTUDIOS (NASDAQ:MYPS – Get Free Report) posted its quarterly earnings data on Thursday. The company reported ($0.92) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.29) by ($0.63), FiscalAI reports. PLAYSTUDIOS had a negative return on equity of 19.61% and a negative net margin of 20.65%. The company had revenue of $48.92 million for the quarter, compared to analysts’ expectations of $54.19 million.
PLAYSTUDIOS Stock Performance
Shares of MYPS remained flat at $4.68 during mid-day trading on Friday. The stock had a trading volume of 69,904 shares, compared to its average volume of 68,154. PLAYSTUDIOS has a fifty-two week low of $3.53 and a fifty-two week high of $8.51. The firm has a market capitalization of $56.21 million, a PE ratio of -1.23 and a beta of 1.01. The firm’s 50-day moving average price is $4.56 and its 200 day moving average price is $5.17.
Analysts Set New Price Targets
A number of analysts have recently weighed in on MYPS shares. Wall Street Zen raised PLAYSTUDIOS to a “hold” rating in a research report on Saturday, October 17th. Weiss Ratings downgraded shares of PLAYSTUDIOS from a “sell (d-)” rating to a “sell (e+)” rating in a research note on Monday, October 26th. One equities research analyst has rated the stock with a Buy rating, two have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $10.00.
Read Our Latest Stock 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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