Snail (NASDAQ:SNAL) Releases Quarterly Earnings Results, Beats Estimates By $0.01 EPS

Snail (NASDAQ:SNAL) released its quarterly earnings results on Wednesday. The company reported ($0.03) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.04) by $0.01, FiscalAI reports. The business had revenue of $20.80 million for the quarter, compared to the consensus estimate of $23.00 million. Snail had a negative net margin of 17.79% and a negative return on equity of 12.69%.

Snail Stock Performance

NASDAQ:SNAL opened at $0.56 on Thursday. The firm has a market capitalization of $21.14 million, a PE ratio of -0.76 and a beta of 0.60. Snail has a 1 year low of $0.53 and a 1 year high of $2.15. The firm’s fifty day simple moving average is $0.67 and its 200 day simple moving average is $0.86.

Analyst Upgrades and Downgrades

Several equities analysts have commented on SNAL shares. Weiss Ratings reissued a “sell (d-)” rating on shares of Snail in a research report on Monday, December 22nd. Zacks Research raised Snail from a “strong sell” rating to a “hold” rating in a report on Tuesday, February 17th. One investment analyst has rated the stock with a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Reduce”.

Institutional Investors Weigh In On Snail

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Susquehanna International Group LLP lifted its position in shares of Snail by 63.3% during the 3rd quarter. Susquehanna International Group LLP now owns 29,929 shares of the company’s stock worth $33,000 after purchasing an additional 11,601 shares during the last quarter. Evergreen Capital Management LLC acquired a new stake in Snail in the 2nd quarter valued at approximately $59,000. Magnus Financial Group LLC bought a new position in Snail in the 4th quarter worth approximately $99,000. Finally, Connective Capital Management LLC bought a new position in Snail in the 3rd quarter worth approximately $158,000. 0.36% of the stock is owned by institutional investors and hedge funds.

About Snail

Snail Inc (NASDAQ: SNAL) is a digital entertainment company focused on the development, publishing and operation of free-to-play online games for PC and mobile platforms. The company’s portfolio spans a variety of genres that include massively multiplayer online role-playing games (MMORPGs), strategy titles, and casual mobile games. Snail manages its games throughout the entire lifecycle, providing design, development, server hosting and community support services to engage players worldwide.

Founded in the early 2000s and headquartered in Xiamen, China, Snail has expanded its footprint with regional offices in North America, Europe and Southeast Asia.