Snail (NASDAQ:SNAL) Cut to “Strong Sell” at Zacks Research

Zacks Research downgraded shares of Snail (NASDAQ:SNAL) from a hold rating to a strong sell rating in a report published on Monday morning,Zacks.com reports.

Separately, Weiss Ratings reiterated a “sell (d-)” rating on shares of Snail in a report on Monday, December 22nd. Two analysts have rated the stock with a Sell rating, Based on data from MarketBeat.com, the stock has a consensus rating of “Sell”.

Snail Stock Performance

NASDAQ SNAL opened at $0.79 on Monday. The business has a fifty day moving average price of $0.87 and a 200 day moving average price of $1.01. The company has a market cap of $29.86 million, a P/E ratio of -1.16 and a beta of 0.55. Snail has a one year low of $0.64 and a one year high of $3.42.

Snail (NASDAQ:SNAL) last released its earnings results on Wednesday, November 12th. The company reported ($0.21) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.05) by ($0.16). The business had revenue of $13.82 million for the quarter, compared to analysts’ expectations of $22.00 million. Snail had a negative return on equity of 12.69% and a negative net margin of 15.14%. As a group, sell-side analysts predict that Snail will post 0.09 EPS for the current fiscal year.

Institutional Trading of Snail

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Connective Capital Management LLC acquired a new position in shares of Snail in the third quarter valued at approximately $158,000. Magnus Financial Group LLC purchased a new position in Snail in the 4th quarter valued at approximately $99,000. Evergreen Capital Management LLC purchased a new position in Snail in the 2nd quarter valued at approximately $59,000. Finally, Susquehanna International Group LLP grew its stake in shares of Snail by 63.3% in the third quarter. Susquehanna International Group LLP now owns 29,929 shares of the company’s stock worth $33,000 after acquiring an additional 11,601 shares in the last quarter. Hedge funds and other institutional investors own 0.36% of the company’s stock.

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.