How Have Playtika Holding Corp. (PLTK) Insiders Been Trading?

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SNOW Stock
SNOW Stock

Playtika Holding Corp. (NASDAQ:PLTK) finished Thursday with an addition of $0.62 to close at $10.91, an upside of 6.03 percent. An average of 5,995,120 shares of common stock have been traded in the last five days. There was a gain of $0.32 in the past week, and it reached a new high 12 times over the past 12 months. The last 20 days have seen an average of 3,396,200 shares traded, while the 50-day average volume stands at 2,614,376.

PLTK stock has increased by 5.82% in the last month. The company shares reached their 1-month lowest point of $9.84 on 09/19/22. With the stock rallying to its 52-week high on 02/28/22, shares of the company touched a low of $9.84 and a high of $30.00 in 52 weeks. It has reached a new high 8 times so far this year and lost -36.90% or -$6.38 in price. In spite of this, the price is down -63.63% from the 52-week high.


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Valuation Metrics

Playtika Holding Corp. (PLTK) has a trailing price-to-earnings (P/E) ratio of 14.84. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 1.80, and the price-to-cash flow ratio at 8.65.

Financial Health

The quick ratio of Playtika Holding Corp. for the three months ended March 30 was 2.40, and the current ratio was 2.40, indicating that the company is able to meet its debt obligations. Its gross profit as reported stood at $1.85 billion compared to revenue of $2.58 billion.

For investors, determining the potential profitability of the investment also depends on the performance of the company’s management. In the past 12 months, Playtika Holding Corp.’s return on assets was 10.60%.

Earnings Surprise

For the three-month period that ended March 30, Playtika Holding Corp. had $2.42 billion in total debt. The analyst consensus anticipated Playtika Holding Corp.’s latest quarter earnings to come in at $0.22 per share, but it turned out to be $0.2, a -9.10% surprise. For the quarter, EBITDA amounted to $135.7 million. Shareholders own equity worth $412.64 million.

Technical Picture

From a technical analysis perspective, let’s take a brief look at Playtika Holding Corp. (PLTK) price momentum. RSI 9-day as of the close on 22 September was 54.75%, suggesting the stock is Neutral, with historical volatility in this time frame at 55.63%.

As of today, PLTK’s price is $10.42 +3.02% or $0.32 from its 5-day moving average. PLTK is currently trading -0.91% lower than its 20-day SMA and -37.94% lower than its 100-day SMA. However, the stock’s current price level is -12.72% below the SMA50 and -38.36% below the SMA200.

The stochastic %K and %D were 40.85% and 31.70%, respectively, and the average true range (ATR) was 0.60. With the 14-day stochastic at 61.85% and the average true range at 0.60, the RSI (14) stands at 50.23%. The stock has reached -0.04 on the 9-day MACD Oscillator while the 14-day reading was at -0.01.

Analyst Ratings

The consensus rating for Playtika Holding Corp. (PLTK) among analysts is Overweight. According to current brokerage recommendations, 0 brokerage firms advise that investors sell PLTK, while 3 suggest investors hold. There are 1 analyst who rate the stock as underweight. The stock is rated overweight by 1 analysts, while 8 others rate it as a “buy”.

What is PLTK’s price target for the next 12 months?

Analysts predict a range of price targets between $9.00 and $31.00, with a median target of $18.00. Taking a look at these predictions, the average price target given by analysts for Playtika Holding Corp. (PLTK) stock is $17.92.

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