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MYPS - Playstudios: Cheaply Valued With Organic Growth Expected This Year
PLAYSTUDIOS Inc.
2024-06-11 04:27:14 ET
Summary
Playstudios shares are down nearly 20% this year, despite solid business performance.
The company continues to exhibit strong profitability, even as revenue has stagnated in recent quarters.
The company’s net cash position comprises of more than 40% of its current market cap, and management is executing a $50 million share repurchase program.