PLAYSTUDIOS Inc. (NASDAQ:MYPS) currently has a daily average trading volume of 329.20K but it saw 803068 shares traded on Wednesday. With a market cap of 577.86M USD, stock’s current market price of $4.58 came falling about -1.29 while comparing to the previous closing price of $4.64. In past 52 weeks, the stock remained buoying in the range of price level as high as $6.60 and as low as $3.24. In the recent trading on the day, stock has struck highest price mark of $4.71 while lowest mark touched by it was $4.52.
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Taking a look at 20-day trading activity of PLAYSTUDIOS Inc. (MYPS) gives us an average price of $4.40, while its current price level is -30.61% below from 52-week high level whereas it is 41.36% above from lowest level seen by the stock during that period. Simple moving average of 50 days or SMA-50 of the stock’s closing price is $4.10 while that of 200 days or SMA-200 reads an average of $4.00. A closer look into the stock’s movement over the week reveals that its volatility is standing at 4.66% during that period while stretching the period over a month that increases to 5.06%. It is also necessary to take a look into other indicators of a stock too, to get a better idea about its price movement. And in doing so, we find stock’s 14-day relative strength index (RSI) standing at 58.83 which implies that the stock is in neutral territory.
PLAYSTUDIOS Inc. (MYPS)’s stock is currently under the radar of 9 analysts who are in consensus at a 12-month price target range of between $3.50 and $7.00 for company’s shares. The average price target assigned by the average number of analysts to a stock is a way to gauge worth of any stock in next 52 weeks. And in assigning price target to a stock, some analysts adopt a bearish approach by advocating lower-than-average price target which in this case is $3.50 while some adopt bullish approach by assigning higher-than-average price target which reads the price to top $7.00. Average price target assigned by them is $5.64 which highlights an upside potential of 18.79% for the stock over that period. And to attain the median price target of $6.00 assigned by those analysts, stock has to add about 23.67% of value to its current levels.
Data by FactSet Research shows that 9 analysts have issued their ratings for the stock. 0 of them are in opinions that stock is a Sell, while 0 are advising it as an Overweight. 5 analysts suggested the investors to Buy the stock while 3 advised them to Hold. Recommendations by all of those brokerages imply a consensus rating of Overweight for the stock and that issued by Wall Street to investors is Moderate Buy.
Over the week, MYPS’s stock price is moving 3.39% up while it is 6.76% when we observe its performance for the past one month. Year-to-date it is 18.04% up and over the past year, the stock is showing a downside performance of -18.51%.
The latest quarterly earnings report issued by the company was for quarter ended 3/30/2023, when its quarterly earnings per share (EPS) of -$0.02 beat the consensus estimate of -$0.02 for the same. The company is expected to be releasing its next quarterly report in 08/09/2023, for which analysts forecasted an EPS of -$0.03 while estimate for next year EPS is -$0.07. For MYPS, analysts are forecasting an EPS-growth rate of 50.00% for current year and estimate for EPS growth in next year is 157.10%. In next quarter, company is expected to be making quarterly sales of $77.6 million as analysts are expecting the sales for current fiscal year at $315.71 million and seeing the company making $333.57 million in sales next year. Moreover, analysts are in estimates of $76.74 million for current-quarter revenue.
Currently, PLAYSTUDIOS Inc.’s total number of outstanding shares is 132.13M with 27.34% of that held by the insiders while 25.56% of its common stock has been owned by the institutions. Company’s return on investment (ROI) stands at -7.40% and return on equity (ROE) at 1.60%. It has a price to earnings ratio (P/E ratio) of 152.67 while having a 190.83 of forward P/E ratio. Stock has a price to book (P/B) ratio of 2.01 while price to sale or P/S ratio amounts to 1.93. Its return on asset (ROA) is 1.40% on average.
In the most recent quarter, iShares Russell 2000 ETF came cutting its stake by -1.44% in the company and now holds 1.63 million or 1.41% of the company’s stake having worth of about 7.13 million.
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