Latest news with #PlayStudios
Yahoo
4 days ago
- Business
- Yahoo
8x8, Himax, Angi, PlayStudios, and Shyft Shares Skyrocket, What You Need To Know
A number of stocks jumped in the afternoon session after the major indices rebounded (Nasdaq +2.0%, S&P 500 +2.0%) as President Trump postponed the planned 50% tariff on European Union imports, shifting the start date to July 9, 2025. Companies with substantial business ties to Europe likely had some relief as the delay reduced near-term cost pressures and preserved cross-border demand. The stock market overreacts to news, and big price drops can present good opportunities to buy high-quality stocks. Among others, the following stocks were impacted: Video Conferencing company 8x8 (NASDAQ:EGHT) jumped 5%. Is now the time to buy 8x8? Access our full analysis report here, it's free. Analog Semiconductors company Himax (NASDAQ:HIMX) jumped 6.1%. Is now the time to buy Himax? Access our full analysis report here, it's free. Gig Economy company Angi (NASDAQ:ANGI) jumped 5%. Is now the time to buy Angi? Access our full analysis report here, it's free. Gaming Solutions company PlayStudios (NASDAQ:MYPS) jumped 8.1%. Is now the time to buy PlayStudios? Access our full analysis report here, it's free. Heavy Transportation Equipment company Shyft (NASDAQ:SHYF) jumped 7.7%. Is now the time to buy Shyft? Access our full analysis report here, it's free. PlayStudios's shares are extremely volatile and have had 45 moves greater than 5% over the last year. In that context, today's move indicates the market considers this news meaningful but not something that would fundamentally change its perception of the business. The biggest move we wrote about over the last year was 10 months ago when the stock dropped 21.5% on the news that the company reported weak second quarter 2024 results. Its full-year revenue guidance was lowered and revenue and EPS fell short of Wall Street's estimates during the quarter. The company called out "persistent industry weakness," which affected some of its game portfolio, and these weaknesses were expected to persist for the rest of the year. Overall, this was a bad quarter for PlayStudios. PlayStudios is down 20.4% since the beginning of the year, and at $1.51 per share, it is trading 36.8% below its 52-week high of $2.38 from June 2024. Today's young investors likely haven't read the timeless lessons in Gorilla Game: Picking Winners In High Technology because it was written more than 20 years ago when Microsoft and Apple were first establishing their supremacy. But if we apply the same principles, then enterprise software stocks leveraging their own generative AI capabilities may well be the Gorillas of the future. So, in that spirit, we are excited to present our Special Free Report on a profitable, fast-growing enterprise software stock that is already riding the automation wave and looking to catch the generative AI next.
Yahoo
4 days ago
- Business
- Yahoo
8x8, Himax, Angi, PlayStudios, and Shyft Shares Skyrocket, What You Need To Know
A number of stocks jumped in the afternoon session after the major indices rebounded (Nasdaq +2.0%, S&P 500 +2.0%) as President Trump postponed the planned 50% tariff on European Union imports, shifting the start date to July 9, 2025. Companies with substantial business ties to Europe likely had some relief as the delay reduced near-term cost pressures and preserved cross-border demand. The stock market overreacts to news, and big price drops can present good opportunities to buy high-quality stocks. Among others, the following stocks were impacted: Video Conferencing company 8x8 (NASDAQ:EGHT) jumped 5%. Is now the time to buy 8x8? Access our full analysis report here, it's free. Analog Semiconductors company Himax (NASDAQ:HIMX) jumped 6.1%. Is now the time to buy Himax? Access our full analysis report here, it's free. Gig Economy company Angi (NASDAQ:ANGI) jumped 5%. Is now the time to buy Angi? Access our full analysis report here, it's free. Gaming Solutions company PlayStudios (NASDAQ:MYPS) jumped 8.1%. Is now the time to buy PlayStudios? Access our full analysis report here, it's free. Heavy Transportation Equipment company Shyft (NASDAQ:SHYF) jumped 7.7%. Is now the time to buy Shyft? Access our full analysis report here, it's free. PlayStudios's shares are extremely volatile and have had 45 moves greater than 5% over the last year. In that context, today's move indicates the market considers this news meaningful but not something that would fundamentally change its perception of the business. The biggest move we wrote about over the last year was 10 months ago when the stock dropped 21.5% on the news that the company reported weak second quarter 2024 results. Its full-year revenue guidance was lowered and revenue and EPS fell short of Wall Street's estimates during the quarter. The company called out "persistent industry weakness," which affected some of its game portfolio, and these weaknesses were expected to persist for the rest of the year. Overall, this was a bad quarter for PlayStudios. PlayStudios is down 20.4% since the beginning of the year, and at $1.51 per share, it is trading 36.8% below its 52-week high of $2.38 from June 2024. Today's young investors likely haven't read the timeless lessons in Gorilla Game: Picking Winners In High Technology because it was written more than 20 years ago when Microsoft and Apple were first establishing their supremacy. But if we apply the same principles, then enterprise software stocks leveraging their own generative AI capabilities may well be the Gorillas of the future. So, in that spirit, we are excited to present our Special Free Report on a profitable, fast-growing enterprise software stock that is already riding the automation wave and looking to catch the generative AI next. Sign in to access your portfolio
Yahoo
05-05-2025
- Business
- Yahoo
PlayStudios (NASDAQ:MYPS) Misses Q1 Revenue Estimates, Stock Drops
Digital casino game platform PlayStudios (NASDAQ:MYPS) missed Wall Street's revenue expectations in Q1 CY2025, with sales falling 19.4% year on year to $62.71 million. On the other hand, the company's full-year revenue guidance of $260 million at the midpoint came in 1% above analysts' estimates. Its GAAP loss of $0.02 per share was in line with analysts' consensus estimates. Is now the time to buy PlayStudios? Find out in our full research report. Revenue: $62.71 million vs analyst estimates of $63.63 million (19.4% year-on-year decline, 1.4% miss) EPS (GAAP): -$0.02 vs analyst estimates of -$0.02 (in line) Adjusted EBITDA: $12.49 million vs analyst estimates of $10.9 million (19.9% margin, 14.5% beat) The company reconfirmed its revenue guidance for the full year of $260 million at the midpoint EBITDA guidance for the full year is $50 million at the midpoint, above analyst estimates of $48.84 million Operating Margin: -4.4%, down from -2.2% in the same quarter last year Daily Active Users: 2.63 million, down 863,000 year on year Market Capitalization: $180.2 million Founded by a team of former gaming industry executives, PlayStudios (NASDAQ:MYPS) offers free-to-play digital casino games. A company's long-term sales performance is one signal of its overall quality. Even a bad business can shine for one or two quarters, but a top-tier one grows for years. Over the last five years, PlayStudios grew its sales at a weak 2.6% compounded annual growth rate. This was below our standards and is a rough starting point for our analysis. We at StockStory place the most emphasis on long-term growth, but within consumer discretionary, a stretched historical view may miss a company riding a successful new product or trend. PlayStudios's performance shows it grew in the past but relinquished its gains over the last two years, as its revenue fell by 4.4% annually. This quarter, PlayStudios missed Wall Street's estimates and reported a rather uninspiring 19.4% year-on-year revenue decline, generating $62.71 million of revenue. Looking ahead, sell-side analysts expect revenue to decline by 2.5% over the next 12 months. While this projection is better than its two-year trend, it's tough to feel optimistic about a company facing demand difficulties. Unless you've been living under a rock, it should be obvious by now that generative AI is going to have a huge impact on how large corporations do business. While Nvidia and AMD are trading close to all-time highs, we prefer a lesser-known (but still profitable) stock benefiting from the rise of AI. Click here to access our free report one of our favorites growth stories. PlayStudios's operating margin has shrunk over the last 12 months and averaged negative 7.5% over the last two years. Unprofitable consumer discretionary companies with falling margins deserve extra scrutiny because they're spending loads of money to stay relevant, an unsustainable practice. PlayStudios's operating margin was negative 4.4% this quarter. The company's consistent lack of profits raise a flag. We track the long-term change in earnings per share (EPS) for the same reason as long-term revenue growth. Compared to revenue, however, EPS highlights whether a company's growth is profitable. Sadly for PlayStudios, its EPS declined by 39.3% annually over the last five years while its revenue grew by 2.6%. This tells us the company became less profitable on a per-share basis as it expanded. In Q1, PlayStudios reported EPS at negative $0.02, down from negative $0 in the same quarter last year. This print missed analysts' estimates. Over the next 12 months, Wall Street is optimistic. Analysts forecast PlayStudios's full-year EPS of negative $0.24 will reach break even. We enjoyed seeing PlayStudios beat analysts' EBITDA expectations this quarter. We were also glad its full-year revenue guidance slightly exceeded Wall Street's estimates. On the other hand, its revenue and EPS fell short. Zooming out, we think this was a decent quarter featuring some areas of strength but also some blemishes. The market seemed to be hoping for more, and the stock traded down 4.3% to $1.32 immediately after reporting. So do we think PlayStudios is an attractive buy at the current price? We think that the latest quarter is just one piece of the longer-term business quality puzzle. Quality, when combined with valuation, can help determine if the stock is a buy. We cover that in our actionable full research report which you can read here, it's free. Sign in to access your portfolio
Yahoo
02-05-2025
- Business
- Yahoo
1 Cash-Heavy Stock to Research Further and 2 to Steer Clear Of
Companies with more cash than debt can be financially resilient, but that doesn't mean they're all strong investments. Some lack leverage because they struggle to grow or generate consistent profits, making them unattractive borrowers. Just because a business has cash doesn't mean it's a good investment. Luckily, StockStory is here to help you separate the winners from the losers. Keeping that in mind, here is one company with a net cash position that balances growth with stability and two best left off your watchlist. Net Cash Position: $99.12 million (58% of Market Cap) Founded by a team of former gaming industry executives, PlayStudios (NASDAQ:MYPS) offers free-to-play digital casino games. Why Do We Avoid MYPS? Products and services fail to spark excitement with consumers, as seen in its flat sales over the last two years Poor expense management has led to operating losses Incremental sales over the last four years were much less profitable as its earnings per share fell by 41.4% annually while its revenue grew PlayStudios is trading at $1.28 per share, or 2.4x forward EV-to-EBITDA. Read our free research report to see why you should think twice about including MYPS in your portfolio, it's free. Net Cash Position: $19.66 million (4.1% of Market Cap) A trailblazer in the avocado industry, Calavo Growers (NASDAQ:CVGW) is a pioneering California-based provider of high-quality avocados and other fresh food products. Why Does CVGW Worry Us? Sales tumbled by 14.7% annually over the last three years, showing consumer trends are working against its favor Revenue base of $688.3 million puts it at a disadvantage compared to larger competitors exhibiting economies of scale Gross margin of 10.6% is below its competitors, leaving less money to invest in areas like marketing and production facilities At $27.02 per share, Calavo trades at 15.8x forward P/E. Check out our free in-depth research report to learn more about why CVGW doesn't pass our bar. Net Cash Position: $435.7 million (9.4% of Market Cap) Started by René Lacerte in 2006 after selling his previous payroll and accounting software company PayCycle to Intuit, (NYSE:BILL) is a software as a service platform that aims to make payments and billing processes easier for small and medium-sized businesses. Why Could BILL Be a Winner? Average billings growth of 17.6% over the last year enhances its liquidity and shows there is steady demand for its products Prominent and differentiated software culminates in a best-in-class gross margin of 85.1% Operating profits increased over the last year as the company gained some leverage on its fixed costs and became more efficient stock price of $45.25 implies a valuation ratio of 3.1x forward price-to-sales. Is now a good time to buy? Find out in our full research report, it's free. The market surged in 2024 and reached record highs after Donald Trump's presidential victory in November, but questions about new economic policies are adding much uncertainty for 2025. While the crowd speculates what might happen next, we're homing in on the companies that can succeed regardless of the political or macroeconomic environment. Put yourself in the driver's seat and build a durable portfolio by checking out our Top 6 Stocks for this week. This is a curated list of our High Quality stocks that have generated a market-beating return of 175% over the last five years. Stocks that made our list in 2019 include now familiar names such as Nvidia (+2,183% between December 2019 and December 2024) as well as under-the-radar businesses like Sterling Infrastructure (+1,096% five-year return). Find your next big winner with StockStory today for free. Sign in to access your portfolio
Yahoo
11-04-2025
- Business
- Yahoo
Q4 Rundown: PlayStudios (NASDAQ:MYPS) Vs Other Gaming Solutions Stocks
Quarterly earnings results are a good time to check in on a company's progress, especially compared to its peers in the same sector. Today we are looking at PlayStudios (NASDAQ:MYPS) and the best and worst performers in the gaming solutions industry. Gaming solution companies operate in a dynamic and evolving market, and the digital transformation of the gaming industry presents significant opportunities for innovation and growth, whether it be immersive slot machine terminals or mobile sports betting. However, the gaming solution industry is not without its challenges. Regulatory compliance is a crucial consideration as companies must navigate a complex and often fragmented regulatory landscape across different jurisdictions. Changes in regulations can impact product offerings, operational practices, and market access, requiring companies to maintain flexibility and adaptability in their business strategies. Additionally, the competitive nature of the industry necessitates continuous investment in research and development to stay ahead of competitors and meet evolving consumer demands. The 7 gaming solutions stocks we track reported a mixed Q4. As a group, revenues beat analysts' consensus estimates by 1.5%. Amidst this news, share prices of the companies have had a rough stretch. On average, they are down 17% since the latest earnings results. Founded by a team of former gaming industry executives, PlayStudios (NASDAQ:MYPS) offers free-to-play digital casino games. PlayStudios reported revenues of $67.78 million, down 12.1% year on year. This print fell short of analysts' expectations by 1.4%. Overall, it was a disappointing quarter for the company with a miss of analysts' daily active users estimates and full-year revenue guidance missing analysts' expectations significantly. PlayStudios delivered the weakest performance against analyst estimates, slowest revenue growth, and weakest full-year guidance update of the whole group. The company reported 2.72 million monthly active users, down 19% year on year. Unsurprisingly, the stock is down 17.2% since reporting and currently trades at $1.25. Read our full report on PlayStudios here, it's free. Specializing in online casino gaming and sports betting, Rush Street Interactive (NYSE:RSI) is an operator of digital gaming platforms. Rush Street Interactive reported revenues of $254.2 million, up 31.1% year on year, outperforming analysts' expectations by 3.4%. The business had a very strong quarter with an impressive beat of analysts' EBITDA estimates. Rush Street Interactive achieved the fastest revenue growth among its peers. Although it had a fine quarter compared its peers, the market seems unhappy with the results as the stock is down 15.1% since reporting. It currently trades at $11.29. Is now the time to buy Rush Street Interactive? Access our full analysis of the earnings results here, it's free. Famous for hosting the Kentucky Derby, Churchill Downs (NASDAQ:CHDN) operates a horse racing, online wagering, and gaming entertainment business in the United States. Churchill Downs reported revenues of $624.2 million, up 11.2% year on year, exceeding analysts' expectations by 0.9%. Still, it was a mixed quarter as it posted a miss of analysts' Horse Racing revenue estimates. As expected, the stock is down 13.7% since the results and currently trades at $103.19. Read our full analysis of Churchill Downs's results here. Getting its start in daily fantasy sports, DraftKings (NASDAQ:DKNG) is a digital sports entertainment and gaming company. DraftKings reported revenues of $1.39 billion, up 13.2% year on year. This result lagged analysts' expectations by 0.9%. Aside from that, it was a strong quarter as it logged an impressive beat of analysts' EPS estimates and a solid beat of analysts' adjusted operating income estimates. DraftKings pulled off the highest full-year guidance raise among its peers. The company reported 4.8 million users, up 37.1% year on year. The stock is down 25.7% since reporting and currently trades at $34.48. Read our full, actionable report on DraftKings here, it's free. Specializing in digital casino gaming, Inspired (NASDAQ:INSE) is a provider of gaming hardware, virtual sports platforms, and server-based gaming systems. Inspired reported revenues of $83 million, up 2.2% year on year. This print surpassed analysts' expectations by 5.3%. Overall, it was a strong quarter as it also logged a decent beat of analysts' EPS and EBITDA estimates. Inspired achieved the biggest analyst estimates beat among its peers. The stock is down 13.8% since reporting and currently trades at $7.20. Read our full, actionable report on Inspired here, it's free. In response to the Fed's rate hikes in 2022 and 2023, inflation has been gradually trending down from its post-pandemic peak, trending closer to the Fed's 2% target. Despite higher borrowing costs, the economy has avoided flashing recessionary signals. This is the much-desired soft landing that many investors hoped for. The recent rate cuts (0.5% in September and 0.25% in November 2024) have bolstered the stock market, making 2024 a strong year for equities. Donald Trump's presidential win in November sparked additional market gains, sending indices to record highs in the days following his victory. However, debates continue over possible tariffs and corporate tax adjustments, raising questions about economic stability in 2025. Want to invest in winners with rock-solid fundamentals? Check out our Strong Momentum Stocks and add them to your watchlist. These companies are poised for growth regardless of the political or macroeconomic climate. Join Paid Stock Investor Research Help us make StockStory more helpful to investors like yourself. Join our paid user research session and receive a $50 Amazon gift card for your opinions. Sign up here. Sign in to access your portfolio
