PLAYSTUDIOS (NASDAQ:MYPS) Issues Quarterly Earnings Results, Beats Estimates By $0.08 EPS

PLAYSTUDIOS (NASDAQ:MYPS - Get Free Report) announced its earnings results on Monday. The company reported ($0.05) EPS for the quarter, topping analysts' consensus estimates of ($0.13) by $0.08, Zacks reports. PLAYSTUDIOS had a negative return on equity of 9.15% and a negative net margin of 8.75%.PLAYSTUDIOS Stock Down 3.8 %Shares of NASDAQ MYPS traded down $0.06 during trading hours on Monday, hitting $1.50. 381,166 shares of the stock were exchanged, compared to its average volume of 233,414. The firm has a fifty day moving average price of $1.75 and a 200-day moving average price of $1.69. The company has a market cap of $187.03 million, a PE ratio of -7.89, a PEG ratio of 17.60 and a beta of 0.81. PLAYSTUDIOS has a 12 month low of $1.20 and a 12 month high of $3.04. Wall Street Analyst Weigh InMYPS has been the subject of a number of recent analyst reports. JPMorgan Chase & Co. reaffirmed an "underweight" rating on shares of PLAYSTUDIOS in a research note on Wednesday, December 18th. Macquarie downgraded shares of PLAYSTUDIOS from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, January 22nd. One analyst has rated the stock with a sell rating, three have given a hold rating and two have given a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of "Hold" and an average target price of $3.63.Get Our Latest Report on MYPSPLAYSTUDIOS Company Profile (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.See AlsoFive stocks we like better than PLAYSTUDIOSLow PE Growth Stocks: Unlocking Investment OpportunitiesHow to Protect Your Portfolio When Inflation Is RisingThe How And Why of Investing in Oil Stocks3 Tech Stocks Defying Sector Weakness and Thriving in 2025Are These Liquid Natural Gas Stocks Ready For An Upside Bounce?Despite Challenges Novo Nordisk Plans to Crush GLP-1 CompetitorsThis instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.Should You Invest $1,000 in PLAYSTUDIOS Right Now?Before you consider PLAYSTUDIOS, you'll want to hear this.MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and PLAYSTUDIOS wasn't on the list.While PLAYSTUDIOS currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.View The Five Stocks Here