Snail, Inc.’s Indie Label Wandering Wizard Showcases Stoneguard and Above The Snow at Steam Next Fest
Rhea-AI Summary
Snail (Nasdaq: SNAL) announced that indie label Wandering Wizard showcased upcoming titles Stoneguard and Above The Snow at Steam Next Fest (Feb 23–Mar 2, 2026).
Stoneguard targets an Early Access launch on March 19, 2026. Above The Snow will debut its first public demo and has won and been nominated for multiple industry awards. The company cited an 18.5% average increase in daily units sold for Bellwright during a Winter Sale promotional period.
Positive
- Stoneguard Early Access set for March 19, 2026
- Above The Snow debuts first public demo at Steam Next Fest
- Bellwright sales uplift of 18.5% average daily units during Winter Sale
- Industry recognition for Above The Snow via awards and nominations
Negative
- None.
News Market Reaction – SNAL
On the day this news was published, SNAL gained 5.52%, reflecting a notable positive market reaction. Our momentum scanner triggered 2 alerts that day, indicating moderate trading interest and price volatility. This price movement added approximately $1M to the company's valuation, bringing the market cap to $27M at that time.
Data tracked by StockTitan Argus on the day of publication.
Key Figures
Market Reality Check
Peers on Argus
Momentum scanner shows mixed moves among peers: BHAT up 26.75%, GAME up 3.67%, while GXAI down 3.97% and TRUG down 6.60%. Sector context also shows wide dispersions (e.g., BHAT at -32.44% earlier), suggesting elevated volatility across smaller gaming names rather than a uniform move.
Historical Context
| Date | Event | Sentiment | Move | Catalyst |
|---|---|---|---|---|
| Feb 19 | Portfolio showcase | Positive | +0.8% | Plans to showcase ARK franchise developments and broader portfolio at GDC 2026. |
| Jan 28 | Game launch | Positive | +0.6% | Early Access launch of Echoes of Elysium on Steam with strong wishlist base. |
| Jan 26 | Investor conference | Neutral | -0.1% | Upcoming Noble Capital virtual conference presentation and one-on-one investor meetings. |
| Jan 15 | Sales update | Positive | +2.5% | Reported large unit-sales multiples for ARK: Survival Ascended and Bellwright in sale. |
| Jan 08 | Conference participation | Neutral | -1.3% | Planned participation in the 2026 ICR Conference with investor meetings. |
Recent news around portfolio expansion, game launches, and conferences has generally coincided with flat-to-positive 24h price reactions, especially when tied to performance metrics or new titles.
Over the past few months, Snail highlighted multiple growth and visibility initiatives. On Jan 15, 2026, it reported strong Steam Winter Sale results with double-digit sales multiples for key titles, and on Jan 28, 2026 it launched Echoes of Elysium in Early Access on Steam. Subsequent conference and investor event announcements in January and February saw modest share reactions. Today’s Steam Next Fest participation and new indie titles extend this strategy of leveraging platform events and portfolio breadth.
Market Pulse Summary
The stock moved +5.5% in the session following this news. A strong positive reaction aligns with Snail’s strategy of using platform events to spotlight its portfolio. Prior updates on successful sales periods and new launches saw generally constructive price responses. However, the stock trades 71.94% below its 52-week high and below its 1.01 200-day MA, so investors have previously discounted fundamentals. Any sharp move could face overhang from broader sector volatility and prior regulatory filings highlighting financial pressures.
Key Terms
early access technical
AI-generated analysis. Not financial advice.
CULVER CITY, Calif., Feb. 24, 2026 (GLOBE NEWSWIRE) -- Snail, Inc. (Nasdaq: SNAL) (“Snail Games” or the “Company”), a leading global independent developer and publisher of interactive digital entertainment, announced that its indie publishing branch, Wandering Wizard, showcased upcoming titles, Stoneguard and Above The Snow, during Steam Next Fest. The event, taking place from February 23 to March 2, provides a high-visibility platform for emerging titles to generate player engagement, wishlist growth, and pre-launch momentum within the global PC gaming market.
Stoneguard, a medieval survival strategy game, recently announced its Early Access launch date of March 19, 2026 on Steam. Combining open-ended sandbox survival mechanics with tactical base defense gameplay, Stoneguard expands Snail’s presence in the medieval genre. Snail has seen continued strength in this category, supported by the performance of Bellwright, which recently released its Maiden Voyage update and participated in the Steam Winter Sale, resulting in an average
Above The Snow, a tycoon strategy and city-building title, will debut its first public demo during Steam Next Fest, offering players early access to its core economic systems and narrative-driven progression. The game has already received notable industry recognition, winning Best PC City-Building Game at the NYX Game Awards Season 2 2025. It has also earned nominations for Best Narrative Indie Game at Taipei Game Show 2026 and Best Polish Indie Game at Poznań Game Arena 2025 and has established cross-industry partnerships with retail brands that align closely with the game’s Alps setting. The Company views these award validations and partnerships as an early indicator of quality and long-term franchise potential, with Steam Next Fest providing the first large-scale player acquisition moment.
Steam Next Fest functions as both a discovery engine and a data-rich market validation tool. With Stoneguard approaching Early Access and Above The Snow entering its first public demo phase, Snail Games is aligning product milestones with platform-wide visibility to maximize engagement and conversion. Participation in Steam Next Fest reflects the Company’s commitment to leveraging platform-native events to drive sustained growth.
For creators interested in collaborating please reach out to creatordirect@noiz.gg
About Snail, Inc.
Snail, Inc. (Nasdaq: SNAL) is a leading, global independent developer and publisher of interactive digital entertainment for consumers around the world, with a premier portfolio of premium games designed for use on a variety of platforms, including consoles, PCs, and mobile devices. For more information, please visit: snail.com
Forward-Looking Statements
This press release contains statements that constitute forward-looking statements. Many of the forward-looking statements contained in this press release can be identified by the use of forward-looking words such as “anticipate,” “believe,” “could,” “expect,” “should,” “plan,” “intend,” “may,” “predict,” “continue,” “estimate” and “potential,” or the negative of these terms or other similar expressions. Forward-looking statements appear in a number of places in this press release and include, but are not limited to, statements regarding that Steam Next Fest provides a high-visibility platform for emerging titles to generate player engagement, wishlist growth, and pre-launch momentum within the global PC gaming market and that Steam Next Fest functions as both a discovery engine and a data-rich market validation tool. You should carefully consider the risks and uncertainties described in the “Risk Factors” section of the Company's Annual Report on Form 10-K for the fiscal year ended December 31, 2024, which was filed by the Company with the SEC on March 26, 2025 and other documents filed by the Company from time to time with the SEC, including the Company's Forms 10-Q filed with the SEC. The Company does not undertake or accept any obligation to release publicly any updates or revisions to any forward-looking statements to reflect any change in its expectations or any change in events, conditions, or circumstances on which any such statement is based.
Investor Contact:
John Yi and Steven Shinmachi
Gateway Group, Inc.
949-574-3860
SNAL@gateway-grp.com
FAQ
When will Stoneguard (SNAL) enter Early Access on Steam?
What will Above The Snow (SNAL) show at Steam Next Fest 2026?
How did Bellwright (SNAL) perform during the Steam Winter Sale?
What awards and nominations has Above The Snow received before launch?
How does Steam Next Fest benefit Snail (SNAL) for these titles?
