Park Hotels & Resorts Inc. (NYSE:PK) saw an upside of 0.90% to close Tuesday at $13.48 after adding $0.12 on the day. The 5-day average trading volume is 3,043,560 shares of the company’s common stock. It has gained $13.52 in the past week and touched a new high 4 times within the past 5 days. An average of 3,027,345 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 3,014,458.
PK’s 1-month performance is 22.94% or $1.83 on its low of $11.30 reached on 12/29/22. The company’s shares have touched a 52-week low of $10.80 and high of $20.34, with the stock’s rally to the 52-week high happening on 01/24/23. YTD, PK has achieved 14.33% or $1.69 and has reached a new high 10 times. However, the current price is down -33.73% from the 52-week high price.
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PK stock investors last saw insider trading activity on Dec 16.Garrett Geoffrey (Director) most recently sold 3,000 shares at $11.86 per share on Dec 16. This transaction cost the insider $35,565. Director, Garrett Geoffrey, sold 5,000 shares at a price of $15.34 on Jun 14.
PK stock has a beta of 1.95. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 1.27 while the price-to-book (PB) in the most recent quarter is 0.69, with the price to cash flow ratio at 17.76.
As well, the company’s long term debt to equity for the quarter ending June 29 was 1.07, while the total debt to equity was 1.07.. In terms of profitability, the gross margin trailing 12 months is 65.70%. The firm’s gross profit as reported stood at $900.0 million against revenue of $1.36 billion.
For the quarterly period ending June 29 this year, Net income and sales went down compared to those figures reported in the previous quarter. Net income grew 345.71% to $35.0 million, while revenue of $150.0 million was -328.57% off the previous quarter. Analysts expected PK to announce $0.13 per share in earnings in its latest quarter, but it posted $0.66, representing a 407.70% surprise. EBITDA for the quarter stood at more than $160.0 million. PK stock balance sheet for the quarter ending June 29 shows that total liabilities totaled 5.47 billion, with total debt at $4.92 billion. Shareholders hold equity totaling $224.84 million.
Let’s look briefly at Park Hotels & Resorts Inc. (PK) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 24 January was 73.44% to suggest the stock is trending Overbought, with historical volatility in this time period at 31.49%.
The stock’s 5-day moving average is $12.92, reflecting a +6.31% or $0.80 change from its current price. PK is currently trading +20.14% above its 20-day SMA, -4.33% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by +16.91% and SMA200 by-24.61%.
Stochastic %K and %D was 98.45% and 90.12% and the average true range (ATR) pointed at 0.40. The RSI (14) points at 66.62%, while the 14-day stochastic is at 98.18% with the period’s ATR at 0.41. The stock’s 9-day MACD Oscillator is pointing at 0.46 and 0.82 on the 14-day charts.
In the most recent analyst report for Park Hotels & Resorts Inc. (NYSE: PK), Morgan Stanley launched coverage with an Equal-weight rating.