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 the consensus estimate of ($0.29) by ($0.63), FiscalAI reports. PLAYSTUDIOS had a negative net margin of 20.65% and a negative return on equity of 19.61%. The business had revenue of $48.92 million during the quarter, compared to the consensus estimate of $54.19 million.
PLAYSTUDIOS Price Performance
Shares of PLAYSTUDIOS stock remained flat at $4.68 on Friday. 69,904 shares of the company’s stock traded hands, compared to its average volume of 68,154. The firm has a 50 day moving average price of $4.56 and a 200-day moving average price of $5.17. The company has a market cap of $56.21 million, a PE ratio of -1.23 and a beta of 1.01. PLAYSTUDIOS has a 52 week low of $3.53 and a 52 week high of $8.51.
Analyst Ratings Changes
A number of brokerages recently issued reports on MYPS. Wall Street Zen raised shares of 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 report on Monday, October 26th. One equities research analyst has rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, PLAYSTUDIOS has a consensus 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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