Wall Street analysts’ outlook for PLAYSTUDIOS Inc (MYPS)

With 55368.0 shares changed hands, the volume of the stock remained lighter than its average volume of 0.23 million shares. During the session, the Electronic Gaming & Multimedia company that operates in wider Communication Services sector, reached to the highest price of $2.01 whereas the lowest price it dropped to was $1.98. The 52-week range on MYPS shows that it touched its highest point at $3.04 and its lowest point at $1.20 during that stretch. It currently has a 1-year price target of $3.50. Beta for the stock currently stands at 0.81.

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Price Performance and Earnings:

Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of MYPS was down-trending over the past week, with a drop of -4.76%, but this was up by 6.38% over a month. Three-month performance surged to 35.59% while six-month performance fell -1.96%. The stock lost -28.32% in the past year, while it has lost -26.20% so far this year. A look at the trailing 12-month EPS for MYPS yields -0.20 with Next year EPS estimates of 0.03. For the next quarter, that number is -0.08. This implies an EPS growth rate of 19.60% for this year and 126.99% for next year.

Float and Shares Shorts:

At present, 108.73 million MYPS shares are outstanding with a float of 87.91 million shares on hand for trading. On 2024-11-29, short shares totaled 0.39 million, which was 31.0 higher than short shares on 1730332800. In addition to Mr. Andrew S. Pascal as the firm’s Co-Founder, Chairman & CEO, Mr. Scott Peterson serves as its VP & CFO.

Institutional Ownership:

Through their ownership of 0.38516998 of MYPS’s outstanding shares, institutional investors have minority control over the company.

An Overview of Recent Financials:

Understanding a company as a customer does not mean you will understand it as an investor. The wise investor uses quantitative research to analyze metrics such as revenue, net income, and earnings. In its fiscal quarter reported on 2024-09-30, MYPS reported revenue of $71229000.0 and operating income of -$1547000.0. The EBITDA in the recently reported quarter was $13001000.0 and diluted EPS was -$0.02.

Analysts Ratings:

Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for MYPS since 4 analysts follow the stock currently. There are 3 analysts who recommend BUY ratings, while 0 suggest SELL ratings. Of the remaining analysts, 1 believe that the stock is worth HOLDING, 0 give it an OVERWEIGHT rating, and 0 thinks that it’s UNDERWEIGHT. In the same way, a target price assigned to a stock can also reveal much about its potential. With MYPS analysts setting a high price target of 5.0 and a low target of 2.0, the average target price over the next 12 months is 3.5.

EPS: Estimates vs Actual

It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy. Analysts have provided yearly estimates in a range of -$0.10552 being high and -$0.13566 being low. For MYPS, this leads to a yearly average estimate of -$0.12059.