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Wednesday, March 22, 2023

PLAYSTUDIOS Inc. (NASDAQ: MYPS) Could Achieve Gains In The Near Future

After Hours

It may be riskier to trade before market opening and after market closing than during regular market hours. Since issuers often announce critical financial information outside regular trading hours. Extended-hours trading may result in wider spreads for particular securities due to lower liquidity and higher volatility. After-hours trades for PLAYSTUDIOS Inc. (MYPS) shows that investor sentiment remained broken, with the stock’s consolidated last price falling by -$0.175, or -4.79%, to $3.48. The PLAYSTUDIOS Inc. has recorded 7,382 volume in the after hours trading session. Yahoo Finance discussed the stock recently as it posted PLAYSTUDIOS, Inc. Announces 2022 Fourth Quarter and Full Year Results.

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Stocks Info

PLAYSTUDIOS Inc. is listed on the NASDAQ in the Communication Services sector while operating in the Electronic Gaming & Multimedia industry. At the end of the last regular session, the stock closed at $3.65 and fluctuated between $4.0300 as its day high and $3.6300 as its day low. The current market capitalization of PLAYSTUDIOS Inc. is $414.95M. A total of 0.5 million shares were traded on the day, compared to an average of 232.82K shares.

Insider Activity

Insider trades are also considered as indicators of how a stock will perform in the future, in addition to stock predictions. During the recent three months, MYPS has seen 0 BUY and 0 SELL insider trades, representing the acquisition of 0 and the disposition of 0 shares. Over the last 12 months, there were 9 BUYs and 4 SELLs from insiders. Insiders purchased 402,650 shares during that period but sold 75,000.

In the most recent transaction, Peterson Scott Edward sold 50,257 shares of MYPS for 4.00 per share on Oct 21. After the transaction, the Chief Financial Officer now owns 75,000 company shares. In a previous transaction on Oct 20, Peterson Scott Edward sold 18,274 shares at 4.00 per share. MYPS shares that Chief Financial Officer owns now total 125,257.

Among the insiders who sold shares, Peterson Scott Edward disposed of 4,949 shares on Oct 19 at a per-share price of $4.00. This resulted in the Chief Financial Officer holding 143,531 shares of MYPS after the transaction. In another insider transaction, Peterson Scott Edward sold 1,520 shares at $4.02 per share on Oct 18. Company shares held by the Chief Financial Officer now total 148,480.

Despite rarely being accurate, price targets can exert some form of influence at times, and are often regarded as valuable by markets. According to analysts who have offered 12-month price targets for MYPS in the last 3 months, the mean price target is $5.36 with high estimates of $7.00 and low estimates of $3.00. In terms of 52-week highs and lows, MYPS has a high of $6.60 and a low of $3.24.

As of this writing, MYPS has an earnings estimate of -$0.03 per share for the current quarter. EPS was calculated based on a consensus of 4 estimates, with a high estimate of -$0.02 per share and a lower estimate of -$0.04.

Balance Sheet Annually/Quarterly

As well as showing the assets and liabilities of the company, the balance sheet also shows the amount invested in equity by investors. Investors can analyze a company’s future prospects by calculating its financial ratios based on this information.

Analysts Opinion

After-hours and pre-market trading may carry slightly higher risks than regular market hours. As issuers often announce important financial information outside regular trading hours, extended-hours trading may result in wider spreads for a particular security. That is because extended-hours trading may result in lower liquidity and higher volatility. Currently, 7 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for MYPS is Overweight with a score of 3.83. A total of 5 analysts rated the stock as Buy while 0 rated it as Overweight while 1 rated it as Hold. Among the other participants, 1 thought the stock was Underweight and 0 thought it should be Sold.

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