Snail (NASDAQ:SNAL) Issues Quarterly Earnings Results, Misses Expectations By $0.16 EPS

Snail (NASDAQ:SNAL) released its quarterly earnings results on Wednesday. The company reported ($0.21) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.05) by ($0.16), FiscalAI reports. The firm had revenue of $13.82 million during the quarter, compared to the consensus estimate of $22.00 million. Snail had a negative net margin of 4.80% and a negative return on equity of 1,183.47%.

Snail Stock Performance

Shares of NASDAQ SNAL traded up $0.07 during mid-day trading on Wednesday, reaching $1.03. The company had a trading volume of 31,567 shares, compared to its average volume of 107,498. The firm has a market cap of $38.33 million, a price-to-earnings ratio of -2.24 and a beta of 0.49. The business’s 50-day simple moving average is $1.03 and its 200 day simple moving average is $1.11. Snail has a one year low of $0.64 and a one year high of $3.42.

Analyst Ratings Changes

Separately, Weiss Ratings reissued a “sell (d-)” rating on shares of Snail in a research report on Tuesday. One investment analyst has rated the stock with a Sell rating, According to MarketBeat.com, the company has an average rating of “Sell”.

Hedge Funds Weigh In On Snail

A hedge fund recently bought a new stake in Snail stock. Evergreen Capital Management LLC purchased a new position in shares of Snail, Inc. (NASDAQ:SNAL) in the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 43,114 shares of the company’s stock, valued at approximately $59,000. Evergreen Capital Management LLC owned 0.12% 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.