Snail (NASDAQ:SNAL) Trading Up 3.3% – Still a Buy?

Snail, Inc. (NASDAQ:SNAL)’s stock price shot up 3.3% during mid-day trading on Wednesday . The stock traded as high as $0.87 and last traded at $0.87. 17,970 shares were traded during trading, a decline of 15% from the average session volume of 21,165 shares. The stock had previously closed at $0.8419.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Snail in a research report on Monday. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the company has an average rating of “Sell”.

Snail Stock Up 3.3%

The stock has a market capitalization of $32.84 million, a PE ratio of -1.28 and a beta of 0.55. The stock’s 50-day moving average is $1.02 and its 200 day moving average is $1.09.

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). Snail had a negative return on equity of 12.69% and a negative net margin of 15.14%.The company had revenue of $13.82 million during the quarter, compared to analysts’ expectations of $22.00 million. As a group, equities research analysts forecast that Snail, Inc. will post 0.09 EPS for the current year.

Hedge Funds Weigh In On Snail

Several hedge funds and other institutional investors have recently added to or reduced their stakes in SNAL. Connective Capital Management LLC acquired a new stake in Snail in the third quarter valued at approximately $158,000. Evergreen Capital Management LLC acquired a new stake in shares of Snail in the 2nd quarter valued at $59,000. Finally, Susquehanna International Group LLP lifted its stake in shares of Snail by 63.3% in the 3rd quarter. Susquehanna International Group LLP now owns 29,929 shares of the company’s stock valued at $33,000 after purchasing an additional 11,601 shares during the last quarter. Institutional investors 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.