Playtika Holding Corp. (PLTK) Is A Stock You Should Watch

As of Thursday close, Playtika Holding Corp.’s (NASDAQ:PLTK) stock was down -$0.93, moving down -7.14 percent to $12.10. The average number of shares traded per day over the past five days has been 3,628,040 shares. 3 times new highs have been achieved over the past 5 days, with a -$0.28 fall in that time frame. In the last twenty days, the average volume was 2,370,335, while in the previous 50 days, it was 2,235,220.

Since last month, PLTK stock retreated -11.68%. Shares of the company fell to $11.65 on 07/26/22, the lowest level in the past month. A 52-week high of $30.00 was reached on 02/28/22 after having rallying from a 52-week low of $11.57. Since the beginning of this year, PLTK’s stock price has dropped by -30.02% or -$5.19, and marked a new high 8 times. However, the stock has declined by -59.67% since its 52-week high.

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Playtika Holding Corp. (PLTK) last reported insider trading activity 261 days ago on Nov 17. Antokol Robert, the See Remarks of the company, purchased of 150,000 shares for $21.62 on Nov 17. It resulted in a $3,243,345 investment by the insider.

Financial Health

In the three months ended March 30, Playtika Holding Corp.’s quick ratio stood at 2.50, while its current ratio was 2.50, showing that the company is able to pay off its debt. On the profitability front, the trailing twelve-month gross margin is 72.00% percent. In the year ended March 30, operating margins totaled 21.10%. Based on annual data, PLTK earned $1.85 billion in gross profit and brought in $2.58 billion in revenue.

A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was 22.50%. Return on equity (ROE) for the past 12 months was -82.10%.

In Playtika Holding Corp.’s quarter-end financial report for March 30, it reported total debt of $2.42 billion. According to the earnings report, the company had a higher net income in the recent quarter than it did in the previous quarter. While analysts expected Playtika Holding Corp. to report $0.22 quarterly earnings, the actual figure was $0.2 per share, beating the consensus estimate by -9.10%. During the quarter, the company generated $162.0 million in EBITDA. The liabilities of Playtika Holding Corp. were 3.13 billion at the end of its most recent quarter ended March 30, and its total debt was $2.54 billion. The value of shareholders’ equity is $412.4 million.

Technical Picture

This quick technical analysis looks at Playtika Holding Corp.’s (PLTK) price momentum. With a historical volatility rate of 69.10%, the RSI 9-day stood at 43.01% on 04 August.

With respect to its five-day moving average, the current Playtika Holding Corp. price is down by -2.26% percent or -$0.28. At present, PLTK shares trade -11.29% below its 20-day simple moving average and -26.08% percent below its 100-day simple moving average. However, the stock is currently trading approximately -12.32% below its SMA50 and -58.02% below its SMA200.

Stochastic coefficient K was 50.91% and Stochastic coefficient D was 52.53%, while ATR was 0.72. Given the Stochastic reading of 27.27% for the 14-day period, the RSI (14) reading has been calculated as 43.47%. As of today, the MACD Oscillator reading stands at 0.12, while the 14-day reading stands at 0.01.

Analyst Ratings

Playtika Holding Corp. downgraded its rating on Playtika Holding Corp. (NASDAQ: PLTK) to a Neutral in a note to investors on April 19, 2022. The analysts firm previously had a Buy rating on the stock.Playtika Holding Corp. (PLTK) has been rated Buy by analysts. According to 0 brokerage firms, PLTK is a sell, and 2 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 1 analyst rate Playtika Holding Corp. stock as buy, with 9 recommending it as overweight.

With a median target price of $19.00, the current consensus forecast for the stock is $15.00 – $35.00. Based on these forecasts, analysts predict Playtika Holding Corp. (PLTK) will achieve an average price target of $20.58.


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