A share price of PLAYSTUDIOS Inc [MYPS] is currently trading at $2.91, saw in change for the day. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The MYPS shares have gain 8.18% over the last week, with a monthly amount glided 37.26%, and seem to be holding up well over a long-time horizon.
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On 11, March 2024, PLAYSTUDIOS, Inc. Announces Fourth Quarter Results. In a post published today on Yahoo Finance, Fourth Quarter 2023 Revenue of $77.1 million and Net Loss of $19.9 million.
From an analyst’s perspective:
Previously, JP Morgan started tracking the stock with Neutral rating on May 18, 2023, and set its price target to $5. On April 19, 2023, Stifel initiated with a Buy rating and assigned a price target of $6 on the stock. Craig Hallum upgraded its rating to a Buy and increased its price target to $5 on March 10, 2023. Macquarie initiated its recommendation with a Outperform and recommended $6 as its price target on February 22, 2023. BofA Securities started tracking with a Underperform rating for this stock on August 23, 2022, and assigned it a price target of $3. In a note dated July 11, 2022, Craig Hallum downgraded an Hold rating on this stock and revised its target price from $8 to $5.
PLAYSTUDIOS Inc experienced fluctuations in its stock price throughout the past year between $1.90 and $5.01. PLAYSTUDIOS Inc [NASDAQ: MYPS] shares were valued at $2.91 at the most recent close of the market.
Analyzing the MYPS fundamentals
Trailing Twelve Months sales for PLAYSTUDIOS Inc [NASDAQ:MYPS] were 310.89M which represents -2.85% decline. Gross Profit Margin for this corporation currently stands at 0.71% with Operating Profit Margin at 0.0%, Pretax Profit Margin comes in at -0.01%, and Net Profit Margin reading is -0.06%. To continue investigating profitability, this company’s Return on Assets is posted at -0.05, Equity is -0.07 and Total Capital is 0.0. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.03.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 2.82 points at the first support level, and at 2.73 for the second support level. However, for the 1st resistance point, the stock is sitting at 3.02, and for the 2nd resistance point, it is at 3.12.
PLAYSTUDIOS Inc [MYPS] reported earnings per share of -$0.15 for its fiscal quarter that ended on 12/30/2023. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of -$0.02/share, meaning a difference of -$0.13 and a surprise factor of -650.00%. By comparison, the stated earnings for the previous quarter ended on 9/29/2023 were $0.03 per share as compared to estimates of -$0.03 per share, a difference of $0.06 representing a surprise of 200.00%.
Ratios To Look Out For
To put it in perspective, the Current Ratio for PLAYSTUDIOS Inc [NASDAQ:MYPS] is 3.80. As well, the Quick Ratio is 3.80, while the Cash Ratio is 2.89. Considering the valuation of this stock, the price to sales ratio is 1.27, the price to book ratio is 1.36.
Transactions by insiders
Recent insider trading involved MICROSOFT CORP, 10% Owner, that happened on Feb 22 ’24 when 1.0 million shares were sold. General Counsel, Agena Joel completed a deal on Jun 12 ’23 to sell 40000.0 shares. Meanwhile, Chief Financial Officer Peterson Scott Edward sold 25000.0 shares on May 11 ’23.
