Snail (NASDAQ:SNAL) Stock Price Up 10.1% – What’s Next?

Snail, Inc. (NASDAQ:SNAL) rose 10.1% during mid-day trading on Wednesday . The stock traded as high as $1.20 and last traded at $1.20. Approximately 112,221 shares changed hands during mid-day trading, an increase of 3% from the average daily volume of 109,076 shares. The stock had previously closed at $1.09.

Snail Price Performance

The company’s fifty day simple moving average is $1.00 and its 200-day simple moving average is $1.11. The firm has a market capitalization of $44.65 million, a PE ratio of -2.61 and a beta of 0.49.

Snail (NASDAQ:SNAL) last released its quarterly earnings results on Tuesday, August 19th. The company reported $1.13 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.01) by $1.14. Snail had a negative net margin of 4.80% and a negative return on equity of 1,183.47%. The business had revenue of $26.00 million for the quarter, compared to analyst estimates of $26.00 million. As a group, equities research analysts anticipate that Snail, Inc. will post 0.09 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Snail

A hedge fund recently bought a new stake in Snail stock. Magnus Financial Group LLC purchased a new position in Snail, Inc. (NASDAQ:SNAL) during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 28,656 shares of the company’s stock, valued at approximately $25,000. Magnus Financial Group LLC owned about 0.08% of Snail at the end of the most recent quarter. Institutional investors and hedge funds own 0.36% of the company’s stock.

About Snail

Snail, Inc, together with its subsidiaries, researches, develops, markets, publishes, and distributes interactive digital entertainment for consumers worldwide. It offers games, content, and support for various platforms, including game consoles, personal computers, mobile phones, and tablets. Snail, Inc was founded in 2009 and is headquartered in Culver City, California.