Company’s 36-month beta value is 0.58.Analysts have differing opinions on the stock, with 4 analysts rating it as a “buy,” 2 as “overweight,” 4 as “hold,” and 0 as “sell.”
The public float for MYPS is 87.79M, and currently, short sellers hold a 0.62% ratio of that floaft. The average trading volume of MYPS on September 19, 2024 was 216.05K shares.
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MYPS) stock’s latest price update
PLAYSTUDIOS Inc (NASDAQ: MYPS)’s stock price has plunge by -2.38relation to previous closing price of 1.68. Nevertheless, the company has seen a 5.13% surge in its stock price over the last five trading sessions. seekingalpha.com reported 2024-08-22 that Playstudios shares are down sharply since its Q2 earnings release, where weak performance prompted a reduction to full-year guidance. Despite the organic growth challenges that the company is facing, valuation appears attractive with more than half its market cap in cash. While capital allocation remains key, due to the ongoing uncertainty and the lack of near-term catalysts, I am downgrading MYPS stock to a hold.
MYPS’s Market Performance
PLAYSTUDIOS Inc (MYPS) has experienced a 5.13% rise in stock performance for the past week, with a 2.50% rise in the past month, and a -21.53% drop in the past quarter. The volatility ratio for the week is 7.30%, and the volatility levels for the past 30 days are at 5.44% for MYPS. The simple moving average for the past 20 days is 6.17% for MYPS’s stock, with a -26.21% simple moving average for the past 200 days.
MYPS Trading at -7.39% from the 50-Day Moving Average
After a stumble in the market that brought MYPS to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -51.91% of loss for the given period.
Volatility was left at 5.44%, however, over the last 30 days, the volatility rate increased by 7.30%, as shares surge +9.33% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -15.90% lower at present.
During the last 5 trading sessions, MYPS rose by +5.13%, which changed the moving average for the period of 200-days by -31.38% in comparison to the 20-day moving average, which settled at $1.5517. In addition, PLAYSTUDIOS Inc saw -39.48% in overturn over a single year, with a tendency to cut further losses.
Insider Trading
Reports are indicating that there were more than several insider trading activities at MYPS starting from Peterson Scott Edward, who sale 25,000 shares at the price of $1.58 back on Sep 16 ’24. After this action, Peterson Scott Edward now owns 608,998 shares of PLAYSTUDIOS Inc, valued at $39,500 using the latest closing price.
Peterson Scott Edward, the Officer of PLAYSTUDIOS Inc, proposed sale 25,000 shares at $1.58 during a trade that took place back on Sep 16 ’24, which means that Peterson Scott Edward is holding shares at $39,437 based on the most recent closing price.
Stock Fundamentals for MYPS
Current profitability levels for the company are sitting at:
- -0.03 for the present operating margin
- 0.63 for the gross margin
The net margin for PLAYSTUDIOS Inc stands at -0.06. The total capital return value is set at -0.03. Equity return is now at value -6.89, with -5.67 for asset returns.
Based on PLAYSTUDIOS Inc (MYPS), the company’s capital structure generated 0.04 points at debt to capital in total, while cash flow to debt ratio is standing at 4.25. The debt to equity ratio resting at 0.04. The interest coverage ratio of the stock is 9.62.
Currently, EBITDA for the company is 43.36 million with net debt to EBITDA at -2.64. When we switch over and look at the enterprise to sales, we see a ratio of 0.36. The receivables turnover for the company is 8.96for trailing twelve months and the total asset turnover is 0.91. The liquidity ratio also appears to be rather interesting for investors as it stands at 4.14.
Conclusion
In a nutshell, PLAYSTUDIOS Inc (MYPS) has experienced a mixed performance in recent times. The stock has received mixed “buy” and “hold” ratings from analysts. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
