Analyzing PLAYSTUDIOS Inc. (MYPS) By Technical Indicators


As of Wednesday close, PLAYSTUDIOS Inc.’s (NASDAQ:MYPS) stock was up $0.07, moving up 1.67 percent to $4.26. The average number of shares traded per day over the past five days has been 207,960 shares. 1 time new highs have been achieved over the past 5 days, with a $0.11 gain in that time frame. In the last twenty days, the average volume was 258,580, while in the previous 50 days, it was 252,574.

Since last month, MYPS stock rose 2.90%. Shares of the company fell to $3.65 on 11/11/22, the lowest level in the past month. A 52-week high of $6.60 was reached on 06/01/22 after having rallying from a 52-week low of $3.24. Since the beginning of this year, MYPS’s stock price has risen by 7.85% or $0.31, and marked a new high 21 times. However, the stock has declined by -35.45% since its 52-week high.

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MYPS stock investors should be aware that PLAYSTUDIOS Inc. (MYPS) stock had its last reported insider trading activity 34 days ago on Oct 21. Peterson Scott Edward, the Chief Financial Officer of the company, disposed of 50,257 shares for $4.00 on Oct 21. It resulted in a $201,028 divestment by the insider. Peterson Scott Edward sold 18,274 shares at an average price of $4.00 on Oct 20. The insider now owns 125,257 shares following the transaction. On Oct 19, Chief Financial Officer Peterson Scott Edward sold 4,949 shares at $4.00 apiece. The transaction was valued at $19,796.

Financial Health

In the three months ended June 29, PLAYSTUDIOS Inc.’s quick ratio stood at 8.70, while its current ratio was 8.70, showing that the company is able to pay off its debt. On the profitability front, the trailing twelve-month gross margin is 69.80% percent. In the year ended June 29, operating margins totaled -7.20%. Based on annual data, MYPS earned $195.78 million in gross profit and brought in $287.42 million in revenue.

A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was -0.90%. Return on equity (ROE) for the past 12 months was -5.20%.

According to the earnings report, the company had a higher net income in the recent quarter than it did in the previous quarter. MYPS’s revenue fell -7.36% to $67.53 million during the quarter, while net income inched up to $76.8 million. While analysts expected PLAYSTUDIOS Inc. to report $0 quarterly earnings, the actual figure was $0.04 per share. During the quarter, the company generated $5.44 million in EBITDA. The liabilities of PLAYSTUDIOS Inc. were 30.44 million at the end of its most recent quarter ended June 29. The value of shareholders’ equity is $129.88 million.

Technical Picture

This quick technical analysis looks at PLAYSTUDIOS Inc.’s (MYPS) price momentum. With a historical volatility rate of 36.20%, the RSI 9-day stood at 53.57% on 23 November.

With respect to its five-day moving average, the current PLAYSTUDIOS Inc. price is up by +2.65% percent or $0.11. At present, MYPS shares trade +0.71% above its 20-day simple moving average and -3.18% percent below its 100-day simple moving average. However, the stock is currently trading approximately +22.41% above its SMA50 and -11.06% below its SMA200.

Stochastic coefficient K was 47.41% and Stochastic coefficient D was 43.66%, while ATR was 0.29. Given the Stochastic reading of 55.35% for the 14-day period, the RSI (14) reading has been calculated as 53.40%. As of today, the MACD Oscillator reading stands at 0.01, while the 14-day reading stands at -0.04.

Analyst Ratings

BofA Securities launched its rating on PLAYSTUDIOS Inc. (NASDAQ: MYPS) to an Underperform in a note to investors on August 23, 2022. PLAYSTUDIOS Inc. (MYPS) has been rated Overweight by analysts. According to 0 brokerage firms, MYPS is a sell, and 2 firms recommend it is a Hold. There are 1 analyst who say the stock is underweight. A total of 0 analysts rate PLAYSTUDIOS Inc. stock as buy, with 3 recommending it as overweight.

With a median target price of $4.85, the current consensus forecast for the stock is $3.00 – $7.00. Based on these forecasts, analysts predict PLAYSTUDIOS Inc. (MYPS) will achieve an average price target of $5.12.


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