PLAYSTUDIOS, Inc. (NASDAQ:MYPS – Get Free Report) was the target of a significant decline in short interest during the month of October. As of October 15th, there was short interest totaling 16,566 shares, a decline of 96.2% from the September 30th total of 440,325 shares. Currently, 0.2% of the company’s shares are sold short. Based on an average daily trading volume, of 56,922 shares, the short-interest ratio is presently 0.3 days.
Analyst Ratings Changes
MYPS has been the subject of a number of analyst reports. Wall Street Zen raised PLAYSTUDIOS to a “hold” rating in a research note on Saturday, October 17th. Weiss Ratings lowered PLAYSTUDIOS from a “sell (d-)” rating to a “sell (e+)” rating in a research report on Monday. One investment analyst has rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $12.50.
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Hedge Funds Weigh In On PLAYSTUDIOS
An institutional investor recently bought a new position in PLAYSTUDIOS stock. Stoic Point Capital Management LLC bought a new stake in PLAYSTUDIOS, Inc. (NASDAQ:MYPS – Free Report) during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 862,771 shares of the company’s stock, valued at approximately $405,000. Stoic Point Capital Management LLC owned about 0.67% of PLAYSTUDIOS as of its most recent filing with the Securities and Exchange Commission (SEC). 37.52% of the stock is currently owned by institutional investors.
PLAYSTUDIOS Stock Performance
NASDAQ:MYPS traded up $0.15 on Wednesday, reaching $4.83. The company’s stock had a trading volume of 48,934 shares, compared to its average volume of 55,129. PLAYSTUDIOS has a 1-year low of $3.53 and a 1-year high of $9.55. The firm has a market cap of $58.08 million, a PE ratio of -1.34 and a beta of 0.96. The business’s 50-day moving average price is $4.65 and its two-hundred day moving average price is $5.23.
PLAYSTUDIOS (NASDAQ:MYPS – Get Free Report) last released its quarterly earnings results on Tuesday, August 11th. The company reported ($0.10) EPS for the quarter, topping analysts’ consensus estimates of ($0.37) by $0.27. 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 Company Profile
PLAYSTUDIOS, Inc is a developer and publisher of free-to-play casual and social casino-style mobile games. The company combines digital gaming with a loyalty-rewards model, allowing players to earn points through gameplay and redeem them for offers and experiences from hospitality, travel, entertainment and other consumer brands.
Its portfolio includes titles such as myVEGAS Slots, myKONAMI Slots, POP! Slots and MGM Slots Live. PLAYSTUDIOS distributes its games through major mobile and online platforms and serves players internationally, with its products available across multiple geographic markets.
The company was founded in 2011 by Andrew Pascal, who serves as chief executive officer.
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