Snail (NASDAQ:SNAL) Issues Quarterly Earnings Results

Snail (NASDAQ:SNAL) announced its quarterly earnings results on Wednesday. The company reported ($0.03) earnings per share for the quarter, topping the consensus estimate of ($0.04) by $0.01, FiscalAI reports. The company had revenue of $20.80 million for the quarter, compared to the consensus estimate of $23.00 million. Snail had a negative return on equity of 12.69% and a negative net margin of 17.79%.

Snail Stock Performance

SNAL opened at $0.55 on Friday. The company has a fifty day moving average of $0.66 and a two-hundred day moving average of $0.86. The stock has a market capitalization of $20.72 million, a price-to-earnings ratio of -0.74 and a beta of 0.60. Snail has a fifty-two week low of $0.50 and a fifty-two week high of $2.15.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on SNAL. Weiss Ratings restated a “sell (d-)” rating on shares of Snail in a research note on Monday, December 22nd. Zacks Research upgraded Snail from a “strong sell” rating to a “hold” rating in a research report on Tuesday, February 17th. One investment analyst has rated the stock with a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, Snail currently has an average rating of “Reduce”.

Institutional Investors Weigh In On Snail

A number of institutional investors have recently modified their holdings of the business. Susquehanna International Group LLP raised its holdings in shares of Snail by 63.3% during the third quarter. Susquehanna International Group LLP now owns 29,929 shares of the company’s stock valued at $33,000 after acquiring an additional 11,601 shares during the last quarter. Evergreen Capital Management LLC acquired a new stake in shares of Snail in the second quarter worth approximately $59,000. Magnus Financial Group LLC acquired a new stake in shares of Snail in the fourth quarter worth approximately $99,000. Finally, Connective Capital Management LLC purchased a new stake in shares of Snail during the third quarter worth approximately $158,000. 0.36% of the stock is currently owned by institutional investors and hedge funds.

About Snail

Snail Inc (NASDAQ: SNAL) is a digital entertainment company focused on the development, publishing and operation of free-to-play online games for PC and mobile platforms. The company’s portfolio spans a variety of genres that include massively multiplayer online role-playing games (MMORPGs), strategy titles, and casual mobile games. Snail manages its games throughout the entire lifecycle, providing design, development, server hosting and community support services to engage players worldwide.

Founded in the early 2000s and headquartered in Xiamen, China, Snail has expanded its footprint with regional offices in North America, Europe and Southeast Asia.