PLAYSTUDIOS (NASDAQ:MYPS – Get Free Report) issued its 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. PLAYSTUDIOS had a negative net margin of 20.65% and a negative return on equity of 19.61%. The firm had revenue of $48.92 million during the quarter, compared to the consensus estimate of $54.19 million.
PLAYSTUDIOS Stock Performance
Shares of PLAYSTUDIOS stock remained flat at $4.68 during trading hours on Friday. The stock had a trading volume of 69,904 shares, compared to its average volume of 68,154. The company has a market cap of $56.21 million, a price-to-earnings 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. The business has a 50 day moving average price of $4.56 and a two-hundred day moving average price of $5.17.
Wall Street Analysts Forecast Growth
MYPS has been the subject of several research reports. Wall Street Zen raised shares of PLAYSTUDIOS to a “hold” rating in a research report on Saturday, October 17th. Weiss Ratings cut shares of PLAYSTUDIOS from a “sell (d-)” rating to a “sell (e+)” rating in a research report on Monday, October 26th. One research analyst has rated the stock with a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on 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 MYPS
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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