{"id":77480,"date":"2024-03-12T12:28:59","date_gmt":"2024-03-12T17:28:59","guid":{"rendered":"https:\/\/equitynewsreport.com\/why-playstudios-myps-stock-is-trading-up-today\/"},"modified":"2024-03-12T12:28:59","modified_gmt":"2024-03-12T17:28:59","slug":"why-playstudios-myps-stock-is-trading-up-today","status":"publish","type":"post","link":"https:\/\/equitynewsreport.com\/h\/why-playstudios-myps-stock-is-trading-up-today\/","title":{"rendered":"Why PlayStudios (MYPS) Stock Is Trading Up Today"},"content":{"rendered":"<div readability=\"59.692625775327\">\n<div id=\"imgCarousel\" class=\"imgCarousel\">\n<img decoding=\"async\" alt=\"Why PlayStudios (MYPS) Stock Is Trading Up Today\" id=\"carouselImage\" src=\"https:\/\/d1-invdn-com.investing.com\/content\/picfa9eb1d8da3221680704477db26561d4.jpeg\"><br \/>\n<span class=\"text\">Why PlayStudios (MYPS) Stock Is Trading Up Today<\/span><br \/>\n<i class=\"imgGrad\"><\/i>\n<\/div>\n<p>What Happened:<br \/>\nShares of digital casino game platform PlayStudios (NASDAQ:MYPS) jumped 7.7% in the morning session after the company reported fourth quarter results with revenue and adjusted EBITDA outperforming Wall Street&#8217;s estimates. On the other hand, its revenue growth regrettably slowed. The topline benefitted from strength in the advertising segment, more than offsetting the &#8220;contraction in the mobile games industry.&#8221; Monetization also improved, with average revenue per daily active users up 3%, coming in well ahead of expectations.<\/p>\n<p>Moving on, guidance seemed fine even though it wasn&#8217;t too exciting, with full year revenue and adjusted EBITDA guidance relatively in line with expectations. Zooming out, this was still a decent, albeit mixed, quarter, showing that the company is staying on track.<\/p>\n<p>Is now the time to buy PlayStudios? <a target=\"_blank\" href=\"https:\/\/stockstory.org\/nasdaq\/myps\/why-it-moves-single\/why-playstudios-myps-stock-is-trading-up-today?utm_source=investingcom&#038;utm_medium=investingcom&#038;utm_campaign=whyItMoves_company_link\" rel=\"nofollow noopener\">Find out by reading the original article on StockStory<\/a>.<\/p>\n<p>What is the market telling us:<br \/>\nPlayStudios&#8217;s shares are not very volatile than the market average and over the last year have had only 19 moves greater than 5%. In context of that, today&#8217;s move is indicating the market considers this news meaningful, although it might not be something that would fundamentally change its perception of the business.<\/p>\n<p>PlayStudios is down 10.9% since the beginning of the year, and at $2.32 per share it is trading 53.1% below its 52-week high of $4.96 from July 2023.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Why PlayStudios (MYPS) Stock Is Trading Up Today What Happened: Shares of digital casino game platform PlayStudios (NASDAQ:MYPS) jumped 7.7% in the morning session after the company reported fourth quarter results with revenue and adjusted EBITDA outperforming Wall Street&#8217;s estimates. On the other hand, its revenue growth regrettably slowed. The topline benefitted from strength in the advertising segment, more than offsetting the &#8220;contraction in the mobile games industry.&#8221; Monetization also improved, with average revenue per daily active users up 3%, coming in well ahead of expectations. Moving on, guidance seemed fine even though it wasn&#8217;t too exciting, with full year [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":77481,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[48,49,50,3],"tags":[],"_links":{"self":[{"href":"https:\/\/equitynewsreport.com\/h\/wp-json\/wp\/v2\/posts\/77480"}],"collection":[{"href":"https:\/\/equitynewsreport.com\/h\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/equitynewsreport.com\/h\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/equitynewsreport.com\/h\/wp-json\/wp\/v2\/users\/5"}],"replies":[{"embeddable":true,"href":"https:\/\/equitynewsreport.com\/h\/wp-json\/wp\/v2\/comments?post=77480"}],"version-history":[{"count":0,"href":"https:\/\/equitynewsreport.com\/h\/wp-json\/wp\/v2\/posts\/77480\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/equitynewsreport.com\/h\/wp-json\/wp\/v2\/media\/77481"}],"wp:attachment":[{"href":"https:\/\/equitynewsreport.com\/h\/wp-json\/wp\/v2\/media?parent=77480"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/equitynewsreport.com\/h\/wp-json\/wp\/v2\/categories?post=77480"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/equitynewsreport.com\/h\/wp-json\/wp\/v2\/tags?post=77480"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}