PLAYSTUDIOS (NASDAQ:MYPS – Get Free Report) released its quarterly earnings results on Tuesday, August 11th. The company reported ($0.10) EPS for the quarter, topping the consensus estimate of ($0.37) by $0.27, Zacks reports. PLAYSTUDIOS had a negative return on equity of 19.61% and a negative net margin of 20.65%.The company had revenue of $54.99 million for the quarter, compared to analyst estimates of $57.05 million.
PLAYSTUDIOS Price Performance
MYPS traded down $0.03 during trading hours on Thursday, hitting $4.72. 97,920 shares of the stock were exchanged, compared to its average volume of 53,658. The stock has a 50-day simple moving average of $0.54 and a 200-day simple moving average of $0.53. The stock has a market cap of $566.97 million, a price-to-earnings ratio of -13.11 and a beta of 0.96. PLAYSTUDIOS has a 12 month low of $4.02 and a 12 month high of $9.91.
Wall Street Analyst Weigh In
Several analysts have issued reports on MYPS shares. Weiss Ratings downgraded PLAYSTUDIOS from a “sell (d-)” rating to a “sell (e+)” rating in a research note on Monday, September 21st. Wall Street Zen upgraded PLAYSTUDIOS from a “sell” rating to a “hold” rating in a report on Saturday, July 4th. One 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. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $12.50.
About PLAYSTUDIOS
PLAYSTUDIOS, Inc is a mobile and social gaming company that develops and operates free-to-play casual and social casino games. Its portfolio includes titles such as myVEGAS Slots, myKONAMI Slots, POP! Slots and MGM Slots Live, which are designed for play on mobile devices and other digital platforms.
The company’s games are built around its playAWARDS loyalty program, which allows players to earn points and redeem them for real-world rewards. These rewards may include hotel stays, dining, entertainment, travel and other experiences offered through participating partners.
Founded in 2011 and headquartered in Las Vegas, Nevada, PLAYSTUDIOS serves players internationally through digital distribution platforms.
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