PLAYSTUDIOS, Inc. (NASDAQ:MYPS – Get Free Report) saw a significant decrease in short interest in the month of July. As of July 31st, there was short interest totaling 303,951 shares, a decrease of 38.4% from the July 15th total of 493,460 shares. Approximately 0.3% of the company’s shares are short sold. Based on an average daily volume of 313,667 shares, the short-interest ratio is currently 1.0 days.
PLAYSTUDIOS Price Performance
MYPS stock traded down $0.01 during trading on Tuesday, reaching $0.51. The company had a trading volume of 298,516 shares, compared to its average volume of 572,092. PLAYSTUDIOS has a 52 week low of $0.40 and a 52 week high of $1.08. The business has a 50 day moving average of $0.62 and a 200 day moving average of $0.53. The company has a market cap of $65.20 million, a P/E ratio of -1.43 and a beta of 0.94.
PLAYSTUDIOS (NASDAQ:MYPS – Get Free Report) last posted its quarterly earnings data on Monday, August 10th. The company reported ($0.10) earnings per share for the quarter, missing the consensus estimate of ($0.04) by ($0.06). The firm had revenue of $54.99 million for the quarter, compared to the consensus estimate of $57.05 million. PLAYSTUDIOS had a negative net margin of 20.65% and a negative return on equity of 19.61%.
Institutional Trading of PLAYSTUDIOS
Analyst Upgrades and Downgrades
MYPS has been the subject of several research analyst reports. Wall Street Zen upgraded PLAYSTUDIOS from a “sell” rating to a “hold” rating in a report on Saturday, July 4th. Weiss Ratings raised PLAYSTUDIOS from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Wednesday, August 5th. One analyst has rated the stock with a Buy rating, two have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $1.25.
Check Out Our Latest Stock Report on PLAYSTUDIOS
About PLAYSTUDIOS
PLAYSTUDIOS, traded on NASDAQ as MYPS, is a digital entertainment company that develops free-to-play mobile and social casino games. Its flagship titles include POP! Slots, myVEGAS Slots and my KONAMI Slots, which combine classic casino mechanics with branded content and a proprietary loyalty program. Through the MyPLAY system, players earn virtual currency and loyalty points redeemable for real-world rewards, including hotel stays, dining and entertainment vouchers at partner venues.
Founded in 2011 and headquartered in Las Vegas, Nevada, PLAYSTUDIOS was co-founded by industry veteran Andrew Pascal, who serves as its Chief Executive Officer.
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