What 4 Analyst Ratings Have To Say About PLAYSTUDIOS
Analysts' ratings for PLAYSTUDIOS (NASDAQ:MYPS) over the last quarter vary from bullish to bearish, as provided by 4 analysts.
The table below summarizes their recent ratings, showcasing the evolving sentiments within the past 30 days and comparing them to the preceding months.
| Bullish | Somewhat Bullish | Indifferent | Somewhat Bearish | Bearish | |
|---|---|---|---|---|---|
| Total Ratings | 4 | 0 | 0 | 0 | 0 |
| Last 30D | 1 | 0 | 0 | 0 | 0 |
| 1M Ago | 0 | 0 | 0 | 0 | 0 |
| 2M Ago | 2 | 0 | 0 | 0 | 0 |
| 3M Ago | 1 | 0 | 0 | 0 | 0 |
Analysts have recently evaluated PLAYSTUDIOS and provided 12-month price targets. The average target is $4.5, accompanied by a high estimate of $5.00 and a low estimate of $4.00. A negative shift in sentiment is evident as analysts have decreased the average price target by 18.18%.
Understanding Analyst Ratings: A Comprehensive Breakdown
The perception of PLAYSTUDIOS by financial experts is analyzed through recent analyst actions. The following summary presents key analysts, their recent evaluations, and adjustments to ratings and price targets.
| Analyst | Analyst Firm | Action Taken | Rating | Current Price Target | Prior Price Target |
|---|---|---|---|---|---|
| Mike Hickey | Benchmark | Maintains | Buy | $5.00 | - |
| Ryan Sigdahl | Craig-Hallum | Lowers | Buy | $4.00 | $5.00 |
| Mike Hickey | Benchmark | Maintains | Buy | $5.00 | - |
| David Pang | Stifel | Lowers | Buy | $4.00 | $6.00 |
Key Insights:
- Action Taken: Analysts frequently update their recommendations based on evolving market conditions and company performance. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their reaction to recent developments related to PLAYSTUDIOS. This information provides a snapshot of how analysts perceive the current state of the company.
- Rating: Analysts assign qualitative assessments to stocks, ranging from 'Outperform' to 'Underperform'. These ratings convey the analysts' expectations for the relative performance of PLAYSTUDIOS compared to the broader market.
- Price Targets: Analysts gauge the dynamics of price targets, providing estimates for the future value of PLAYSTUDIOS's stock. This comparison reveals trends in analysts' expectations over time.
To gain a panoramic view of PLAYSTUDIOS's market performance, explore these analyst evaluations alongside essential financial indicators. Stay informed and make judicious decisions using our Ratings Table.
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Delving into PLAYSTUDIOS's Background
PLAYSTUDIOS Inc is engaged in gaming and related business. The Company develops and operates online and mobile social gaming applications (games or game), many of which incorporate a loyalty program offering real world rewards provided by a collection of awards partners. The Company's games are free-to-play and available via the Apple App Store, Google Play Store, Amazon Appstore, and Facebook (collectively, platforms or platform operators). The Company creates games based on its own original content as well as third-party licensed brands. The Company generates revenue through the in-game sales of virtual currency and through advertising. The company has one operating segment with one business activity, developing and monetizing social games.
PLAYSTUDIOS: Financial Performance Dissected
Market Capitalization Analysis: The company's market capitalization is below the industry average, suggesting that it is relatively smaller compared to peers. This could be due to various factors, including perceived growth potential or operational scale.
Negative Revenue Trend: Examining PLAYSTUDIOS's financials over 3 months reveals challenges. As of 31 December, 2023, the company experienced a decline of approximately -2.85% in revenue growth, reflecting a decrease in top-line earnings. As compared to competitors, the company encountered difficulties, with a growth rate lower than the average among peers in the Communication Services sector.
Net Margin: PLAYSTUDIOS's net margin falls below industry averages, indicating challenges in achieving strong profitability. With a net margin of -25.76%, the company may face hurdles in effective cost management.
Return on Equity (ROE): PLAYSTUDIOS's ROE surpasses industry standards, highlighting the company's exceptional financial performance. With an impressive -6.73% ROE, the company effectively utilizes shareholder equity capital.
Return on Assets (ROA): PLAYSTUDIOS's ROA lags behind industry averages, suggesting challenges in maximizing returns from its assets. With an ROA of -5.59%, the company may face hurdles in achieving optimal financial performance.
Debt Management: The company maintains a balanced debt approach with a debt-to-equity ratio below industry norms, standing at 0.03.
Understanding the Relevance of Analyst Ratings
Analysts work in banking and financial systems and typically specialize in reporting for stocks or defined sectors. Analysts may attend company conference calls and meetings, research company financial statements, and communicate with insiders to publish "analyst ratings" for stocks. Analysts typically rate each stock once per quarter.
Analysts may supplement their ratings with predictions for metrics like growth estimates, earnings, and revenue, offering investors a more comprehensive outlook. However, investors should be mindful that analysts, like any human, can have subjective perspectives influencing their forecasts.
This article was generated by Benzinga's automated content engine and reviewed by an editor.