The closing price of PLAYSTUDIOS Inc (NASDAQ: MYPS) was $2.53 for the day, up 6.08% from the previous closing price of $2.38. In other words, the price has increased by $+0.1450 from its previous closing price. On the day, 795626 shares were traded.
Ratios:
Our analysis of MYPS’s different ratios will help us gain a deeper understanding of the company. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 2.59 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 7.59. For the most recent quarter (mrq), Quick Ratio is recorded 3.80 and its Current Ratio is at 3.80. In the meantime, Its Debt-to-Equity ratio is 0.03 whereas as Long-Term Debt/Eq ratio is at 0.02.
On May 18, 2023, JP Morgan started tracking the stock assigning a Neutral rating and target price of $5.
On April 19, 2023, Stifel started tracking the stock assigning a Buy rating and target price of $6.Stifel initiated its Buy rating on April 19, 2023, with a $6 target price.
Insider Transactions:
Also, insider trades can serve as a great indicator of what management thinks about the future direction of a stock’s price. A recent insider transaction in this stock occurred on Feb 22 ’24 when MICROSOFT CORP sold 1,000,000 shares for $1.95 per share. The transaction valued at 1,950,000 led to the insider holds 11,677,398 shares of the business.
Agena Joel sold 40,000 shares of MYPS for $179,600 on Jun 12 ’23. The General Counsel now owns 117,179 shares after completing the transaction at $4.49 per share. On May 11 ’23, another insider, Peterson Scott Edward, who serves as the Chief Financial Officer of the company, sold 25,000 shares for $4.53 each. As a result, the insider received 113,125 and left with 50,000 shares of the company.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, MYPS now has a Market Capitalization of 344.61M and an Enterprise Value of 221.65M. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.11 while its Price-to-Book (P/B) ratio in mrq is 1.18. Its current Enterprise Value per Revenue stands at 0.71 whereas that against EBITDA is 5.11.
Stock Price History:
Over the past 52 weeks, MYPS has reached a high of $5.01, while it has fallen to a 52-week low of $1.90. The 50-Day Moving Average of the stock is 2.2635, while the 200-Day Moving Average is calculated to be 3.1775.
Shares Statistics:
MYPS traded an average of 346.13K shares per day over the past three months and 573.02k shares per day over the past ten days. A total of 118.20M shares are outstanding, with a floating share count of 87.71M. Insiders hold about 35.61% of the company’s shares, while institutions hold 27.77% stake in the company. Shares short for MYPS as of Feb 29, 2024 were 736.3k with a Short Ratio of 2.13, compared to 809.47k on Jan 31, 2024. Therefore, it implies a Short% of Shares Outstanding of 0.55% and a Short% of Float of 0.90%.
Earnings Estimates
The firm’s stock currently is rated by 6 analysts. On average, analysts expect EPS of -$0.02 for the current quarter, with a high estimate of -$0.01 and a low estimate of -$0.03, while EPS last year was -$0.02. The consensus estimate for the next quarter is $0, with high estimates of $0.01 and low estimates of -$0.03.
Analysts are recommending an EPS of between $0.07 and -$0.09 for the fiscal current year, implying an average EPS of $0.01. EPS for the following year is $0.08, with 6 analysts recommending between $0.2 and $0.02.
Revenue Estimates
It is expected that $90B in revenue will be generated in the current quarter, according to 8 analysts. It ranges from a high estimate of $77.5M to a low estimate of $73M. As of the current estimate, PLAYSTUDIOS Inc’s year-ago sales were $80.12M, an estimated decrease of -5.00% from the year-ago figure. For the next quarter, 8 analysts are estimating revenue of $77.84M, an increase of 0.90% over than the figure of -$5.00% in the same quarter last year. There is a high estimate of $78.9M for the next quarter, whereas the lowest estimate is $76M.
A total of 8 analysts have provided revenue estimates for MYPS’s current fiscal year. The highest revenue estimate was $320.68M, while the lowest revenue estimate was $317M, resulting in an average revenue estimate of $319.46M. In the same quarter a year ago, actual revenue was $310.89M, up 2.80% from the average estimate. Based on 7 analysts’ estimates, the company’s revenue will be $332.91M in the next fiscal year. The high estimate is $341.74M and the low estimate is $326.6M. The average revenue growth estimate for next year is up 4.20% from the average revenue estimate for this year.
