PLAYSTUDIOS (NASDAQ:MYPS – Get Free Report) announced its quarterly earnings results on Monday. The company reported ($0.02) EPS for the quarter, beating analysts’ consensus estimates of ($0.03) by $0.01, Zacks reports. PLAYSTUDIOS had a negative net margin of 6.34% and a negative return on equity of 7.25%. The business had revenue of $71.23 million during the quarter, compared to analyst estimates of $69.62 million. During the same quarter in the previous year, the business posted $0.02 EPS. PLAYSTUDIOS updated its FY 2024 guidance to EPS.
PLAYSTUDIOS Price Performance
Shares of PLAYSTUDIOS stock traded up $0.08 during trading hours on Wednesday, hitting $1.54. 78,678 shares of the company’s stock traded hands, compared to its average volume of 269,636. The stock has a market capitalization of $191.98 million, a price-to-earnings ratio of -10.43 and a beta of 0.61. PLAYSTUDIOS has a 12-month low of $1.20 and a 12-month high of $3.04. The company has a fifty day simple moving average of $1.49 and a 200-day simple moving average of $1.88.
Insider Buying and Selling
In other PLAYSTUDIOS news, CFO Scott Edward Peterson sold 25,000 shares of the company’s stock in a transaction dated Wednesday, October 16th. The shares were sold at an average price of $1.50, for a total transaction of $37,500.00. Following the sale, the chief financial officer now directly owns 583,998 shares of the company’s stock, valued at $875,997. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 14.29% of the stock is currently owned by insiders.
Analyst Upgrades and Downgrades
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PLAYSTUDIOS Company Profile
PLAYSTUDIOS, Inc develops and publishes free-to-play casual games for mobile and social platforms in the United States and internationally. The company's game portfolio includes a diverse range of titles comprising social casino, card, puzzle, and adventure games. It also offers POP! Slots, myVEGAS Slots, my KONAMI Slots, MGM Slots Live, myVEGAS Blackjack, myVEGAS Bingo, Tetris, Solitaire, Spider Solitaire, Jumbline 2, Sudoku, and Mahjong games.
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