You Should Know These Things About Park Hotels & Resorts Inc. (PK)

As of Thursday close, Park Hotels & Resorts Inc.’s (NYSE:PK) stock was down -$0.49, moving down -3.15 percent to $15.05. The average number of shares traded per day over the past five days has been 2,926,000 shares. 3 times new highs have been achieved over the past 5 days, with a -$0.40 fall in that time frame. In the last twenty days, the average volume was 2,896,690, while in the previous 50 days, it was 3,745,766.

Since last month, PK stock rose 14.97%. Shares of the company fell to $12.90 on 07/05/22, the lowest level in the past month. A 52-week high of $21.62 was reached on 04/21/22 after having rallying from a 52-week low of $12.90. Since the beginning of this year, PK’s stock price has dropped by -20.29% or -$3.83, and marked a new high 7 times. However, the stock has declined by -30.39% since its 52-week high.

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Park Hotels & Resorts Inc. (PK) last reported insider trading activity 52 days ago on Jun 14. ECKERT THOMAS D, the Director of the company, purchased of 10,000 shares for $15.12 on Jun 14. It resulted in a $151,250 investment by the insider. Garrett Geoffrey sold 5,000 shares at an average price of $15.34 on Jun 14. The insider now owns 36,604 shares following the transaction. On Sep 14, Director Garrett Geoffrey sold 3,898 shares at $19.29 apiece. The transaction was valued at $75,173.

Valuation Metrics

The stock’s beta is 1.98. Besides these, the trailing price-to-sales (P/S) ratio of 2.02, the price-to-book (PB) ratio of 0.82.

The latest dividend of $0.01 per share was paid out, remained unchanged from last year’s $0.01. On Friday March 11 2022, a $0.44 dividend decrease was announced.

Financial Health

According to company report, the long-term debt-to-equity ratio for the quarter ending March 30 was 1.08, and the total debt-to-equity ratio was 1.08. On the profitability front, the trailing twelve-month gross margin is 65.50% percent. In the year ended March 30, operating margins totaled -3.30%. Based on annual data, PK earned $900.0 million in gross profit and brought in $1.36 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 -2.00%. Return on equity (ROE) for the past 12 months was -7.30%.

According to the earnings report, the company had a higher net income in the recent quarter than it did in the previous quarter. PK’s revenue rose 65.55% to $451.0 million during the quarter, while net income inched up to $479.0 million. While analysts expected Park Hotels & Resorts Inc. to report -$0.28 quarterly earnings, the actual figure was -$0.24 per share, beating the consensus estimate by 14.30%. During the quarter, the company generated $73.0 million in EBITDA. The liabilities of Park Hotels & Resorts Inc. were 5.42 billion at the end of its most recent quarter ended March 30, and its total debt was $4.92 billion. The value of shareholders’ equity is $233.37 million.

Technical Picture

This quick technical analysis looks at Park Hotels & Resorts Inc.’s (PK) price momentum. With a historical volatility rate of 37.75%, the RSI 9-day stood at 51.60% on 04 August.

With respect to its five-day moving average, the current Park Hotels & Resorts Inc. price is down by -2.59% percent or -$0.40. At present, PK shares trade +8.59% above its 20-day simple moving average and -18.52% percent below its 100-day simple moving average. However, the stock is currently trading approximately -9.12% below its SMA50 and -22.18% below its SMA200.

Stochastic coefficient K was 71.88% and Stochastic coefficient D was 82.50%, while ATR was 0.64. Given the Stochastic reading of 53.37% for the 14-day period, the RSI (14) reading has been calculated as 50.91%. As of today, the MACD Oscillator reading stands at 0.05, while the 14-day reading stands at 0.21.

Analyst Ratings

Park Hotels & Resorts Inc. (PK) has been rated Overweight by analysts. According to 1 brokerage firm, PK is a sell, and 9 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 1 analyst rate Park Hotels & Resorts Inc. stock as buy, with 5 recommending it as overweight.

With a median target price of $22.00, the current consensus forecast for the stock is $15.00 – $28.00. Based on these forecasts, analysts predict Park Hotels & Resorts Inc. (PK) will achieve an average price target of $21.32.


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