Playtika Holding Corp. (NASDAQ:PLTK) saw a downside of -1.85% to $10.97 after subtracting -$0.21 on Monday. The 5-day average trading volume is 783,723 shares of the company’s common stock. It has gained $11.90 in the past week and touched a new high 1 time within the past 5 days. An average of 838,581 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 1,161,476.
PLTK’s 1-month performance is -8.56% or -$1.05 on its low of $10.86 reached on 08/07/23. The company’s shares have touched a 52-week low of $7.81 and high of $12.90, with the stock’s rally to the 52-week high happening on 07/13/23. YTD, PLTK has achieved 28.94% or $2.44 and has reached a new high 19 times. However, the current price is down -14.91% from the 52-week high price.
Insider Transactions
PLTK stock investors last saw insider trading activity on Jul 28.Chau On (10% Owner) most recently sold 400,000 shares at $11.89 per share on Jul 28. This transaction cost the insider $4,755,720. 10% Owner, Chau On, sold 300,000 shares at a price of $12.26 on Jul 27. Then, on Jul 26, 10% Owner Chau On sold 200,000 shares at a price of $12.23 per share. This transaction amounted to $2,445,260.
Valuation Metrics
PLTK stock has a beta of 0.84. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 1.57 while the price to cash flow ratio at 11.30.
Playtika Holding Corp.’s quick ratio for the period ended March 30 was 2.90, with the current ratio over the same period at 2.90. In terms of profitability, the gross margin trailing 12 months is 71.70%. The trailing 12-month EBITDA margin is 25.95% while for the period ending March 30, Playtika Holding Corp.’s operating margin was 19.40%. The firm’s gross profit as reported stood at $1.88 billion against revenue of $2.62 billion.
Earnings Surprise
For the quarterly period ending March 30 this year, Net income and sales went up compared to those figures reported in the previous quarter. Net income grew 1.07% to $84.1 million, while revenue of -$548.6 million was 752.32% off the previous quarter. Analysts expected PLTK to announce $0.19 per share in earnings in its latest quarter, but it posted $0.23, representing a 21.10% surprise. EBITDA for the quarter stood at more than $193.2 million. PLTK stock balance sheet for the quarter ending March 30 shows that total liabilities totaled 3.15 billion, with total debt at $2.54 billion. Shareholders hold equity totaling $365.73 million.
Let’s look briefly at Playtika Holding Corp. (PLTK) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 04 August was 19.70% to suggest the stock is trending oversold, with historical volatility in this time period at 17.08%.
The stock’s 5-day moving average is $11.36, reflecting a -8.25% or -$0.98 change from its current price. PLTK is currently trading -12.36% above its 20-day SMA, +10.21% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by +8.36% and SMA200 by+10.88%.
Stochastic %K and %D was 6.24% and 8.60% and the average true range (ATR) pointed at 0.34. The RSI (14) points at 31.23%, while the 14-day stochastic is at 5.46% with the period’s ATR at 0.34. The stock’s 9-day MACD Oscillator is pointing at -0.52 and -0.74 on the 14-day charts.
Analyst Ratings
In the most recent analyst report for Playtika Holding Corp. (NASDAQ: PLTK), HSBC Securities launched coverage with a Buy rating. Analysts offering their rating for PLTK stock have a consensus rating for the stock as Overweight. Currently, 0 brokerage advisors rate PLTK as a “sell,”, while 8 advise that investors “Hold.” 0 analysts have rated the stock as underweight. 1 rates the stock as overweight while 6 have offered a “buy” rating.
What is PLTK’s price target for the next 12 months?
Analysts have a consensus price target ranging from a low of $11.00 and a high of $29.00, with their median price target at $12.50. Looking at these predictions, the average price target given by analysts is for Playtika Holding Corp. (PLTK) stock is $14.33.
