PLAYSTUDIOS (NASDAQ:MYPS) Posts Quarterly Earnings Results, Beats Expectations By $0.08 EPS

PLAYSTUDIOS (NASDAQ:MYPS) announced its earnings results on Monday. The company reported ($0.05) EPS for the quarter, beating analysts’ consensus estimates of ($0.13) by $0.08, Zacks reports. PLAYSTUDIOS had a negative net margin of 8.75% and a negative return on equity of 9.15%.

PLAYSTUDIOS Price Performance

Shares of MYPS traded down $0.06 on Monday, reaching $1.50. The company’s stock had a trading volume of 381,166 shares, compared to its average volume of 233,414. PLAYSTUDIOS has a 12-month low of $1.20 and a 12-month high of $3.04. The stock’s 50 day simple moving average is $1.75 and its two-hundred day simple moving average is $1.69. The stock has a market capitalization of $187.03 million, a P/E ratio of -7.89, a PEG ratio of 17.60 and a beta of 0.81.

Analyst Ratings Changes

Several analysts recently weighed in on the company. JPMorgan Chase & Co. restated an “underweight” rating on shares of PLAYSTUDIOS in a research note on Wednesday, December 18th. Macquarie downgraded PLAYSTUDIOS from a “strong-buy” rating to a “hold” rating in a report on Wednesday, January 22nd. One investment analyst has rated the stock with a sell rating, three have given a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $3.63.

About PLAYSTUDIOS

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.