Snail (NASDAQ:SNAL) Issues Earnings Results, Misses Estimates By $1.91 EPS

Snail (NASDAQ:SNAL) posted its earnings results on Tuesday. The company reported ($0.36) EPS for the quarter, missing the consensus estimate of $1.55 by ($1.91), FiscalAI reports. Snail had a negative net margin of 11.73% and a negative return on equity of 15.49%. The business had revenue of $21.80 million during the quarter, compared to analyst estimates of $29.00 million.

Snail Stock Up 1.5%

Snail stock traded up $0.07 during midday trading on Tuesday, hitting $4.59. The company’s stock had a trading volume of 276,552 shares, compared to its average volume of 1,903,004. Snail has a 12 month low of $1.70 and a 12 month high of $10.80. The company has a market capitalization of $39.11 million, a PE ratio of -1.48 and a beta of 1.29. The stock’s 50-day moving average price is $3.96 and its 200-day moving average price is $3.64.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on SNAL shares. Weiss Ratings raised shares of Snail from a “sell (d-)” rating to a “sell (d)” rating in a report on Wednesday, May 27th. Wall Street Zen raised shares of Snail to a “buy” rating in a research note on Saturday, May 30th. Zacks Research downgraded shares of Snail from a “strong-buy” rating to a “hold” rating in a research report on Friday. Finally, Noble Financial reaffirmed an “outperform” rating on shares of Snail in a research note on Thursday, July 2nd. One investment analyst has rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Hold”.

Hedge Funds Weigh In On Snail

Hedge funds have recently made changes to their positions in the business. Connective Capital Management LLC acquired a new stake in Snail during the third quarter valued at approximately $158,000. Evergreen Capital Management LLC acquired a new position in Snail in the second quarter worth approximately $59,000. Finally, Susquehanna International Group LLP increased its holdings in shares of Snail by 63.3% in the third quarter. Susquehanna International Group LLP now owns 29,929 shares of the company’s stock valued at $33,000 after buying an additional 11,601 shares in the last quarter. Institutional investors and hedge funds own 0.36% of the company’s stock.

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.