PLAYSTUDIOS Inc (NASDAQ: MYPS) is -4.84% lower on its value in year-to-date trading and has touched a low of $1.20 and a high of $3.04 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The MYPS stock was last observed hovering at around $1.77 in the last trading session, with the day’s loss setting it 0.0%.
Currently trading at $1.77, the stock is -5.35% and -4.98% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.21 million and changing 0.00% at the moment leaves the stock -7.97% off its SMA200. MYPS registered -21.68% loss for a year compared to 6-month gain of -14.08%. The firm has a 50-day simple moving average (SMA 50) of $1.8628 and a 200-day simple moving average (SMA200) of $1.92335.
The stock witnessed a -15.71% loss in the last 1 month and extending the period to 3 months gives it a 17.22%, and is 2.31% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 4.07% over the week and 5.66% over the month.
PLAYSTUDIOS Inc (MYPS) has around 710 employees, a market worth around $220.69M and $298.76M in sales. Fwd P/E is 54.38. Profit margin for the company is -8.75%. Distance from 52-week low is 48.12% and -41.68% from its 52-week high. The company has generated returns on investments over the last 12 months (-9.59%).
with sales reaching $67.73M over the same period.The EPS is expected to grow by 19.60% this year, but quarterly earnings will post -6.93% year-over-year. Quarterly sales are estimated to shrink -12.17% in year-over-year returns.
PLAYSTUDIOS Inc (MYPS) Top Institutional Holders
149.0 institutions hold shares in PLAYSTUDIOS Inc (MYPS), with institutional investors hold 47.52% of the company’s shares. The shares outstanding are 108.73M, and float is at 87.91M with Short Float at 0.69%. Institutions hold 38.52% of the Float.
The top institutional shareholder in the company is BLACKROCK INC. with over 6.81 million shares valued at $14.1 million. The investor’s holdings represent 5.0241% of the MYPS Shares outstanding. As of 2024-06-30, the second largest holder is VANGUARD GROUP INC with 4.81 million shares valued at $9.96 million to account for 3.5502 of the shares outstanding. The other top investors are CAPITAL RESEARCH GLOBAL INVESTORS which holds 4.5 million shares representing 3.3192% and valued at over $9.31 million, while RUBRIC CAPITAL MANAGEMENT LP holds 1.9998 of the shares totaling 2.71 million with a market value of $5.61 million.
PLAYSTUDIOS Inc (MYPS) Insider Activity
The most recent transaction is an insider sale by Peterson Scott Edward, the company’s Chief Financial Officer. SEC filings show that Peterson Scott Edward sold 25,000 shares of the company’s common stock on Dec 16 ’24 at a price of $2.08 per share for a total of $52000.0. Following the sale, the insider now owns 0.53 million shares.
Still, SEC filings show that on Nov 18 ’24, Peterson Scott Edward (Chief Financial Officer) disposed off 25,000 shares at an average price of $1.74 for $43400.0. The insider now directly holds 558,998 shares of PLAYSTUDIOS Inc (MYPS).
