PLAYSTUDIOS (NASDAQ:MYPS - Get Free Report) issued its quarterly earnings results on Monday. The company reported ($0.05) earnings per share for the quarter, beating the consensus estimate of ($0.14) by $0.09, Zacks reports. The firm had revenue of $67.78 million during the quarter, compared to the consensus estimate of $67.42 million. PLAYSTUDIOS had a negative return on equity of 9.15% and a negative net margin of 8.75%. PLAYSTUDIOS updated its FY 2025 guidance to EPS.
PLAYSTUDIOS Trading Up 3.9 %
MYPS traded up $0.05 during mid-day trading on Friday, hitting $1.20. 64,185 shares of the stock were exchanged, compared to its average volume of 229,641. The company has a market cap of $149.00 million, a PE ratio of -6.29, a PEG ratio of 17.60 and a beta of 0.81. The firm's fifty day moving average is $1.71 and its two-hundred day moving average is $1.68. PLAYSTUDIOS has a 1-year low of $1.14 and a 1-year high of $3.04.
Wall Street Analysts Forecast Growth
A number of brokerages have recently issued reports on MYPS. Benchmark reissued a "hold" rating on shares of PLAYSTUDIOS in a research note on Tuesday. JPMorgan Chase & Co. reaffirmed an "underweight" rating on shares of PLAYSTUDIOS in a research report on Wednesday, December 18th. Finally, Macquarie dropped their price objective on PLAYSTUDIOS from $2.00 to $1.50 and set a "neutral" rating on the stock in a research note on Wednesday. One research analyst has rated the stock with a sell rating, three have issued a hold rating and two have issued a buy rating to the company's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus price target of $3.20.
Read Our Latest Research Report on MYPS
About PLAYSTUDIOS
(
Get Free Report)
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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