At the last check on Friday, Park Hotels & Resorts Inc.’s (NYSE:PK) stock was up $0.26, moving up 2.09 percent to $12.91. The average number of shares traded per day over the past five days has been 2,362,516 shares. 1 time new highs have been achieved over the past 5 days, with a -$0.11 fall in that time frame. In the last twenty days, the average volume was 3,408,934, while in the previous 50 days, it was 3,243,094.
Since last month, PK stock retreated -1.86%. Shares of the company fell to $12.10 on 08/03/23, the lowest level in the past month. A 52-week high of $15.65 was reached on 02/02/23 after having rallying from a 52-week low of $10.70. Since the beginning of this year, PK’s stock price has risen by 9.54% or $1.11, and marked a new high 16 times. However, the stock has declined by -17.45% since its 52-week high.
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PK stock investors should be aware that Park Hotels & Resorts Inc. (PK) stock had its last reported insider trading activity 245 days ago on Dec 16. Garrett Geoffrey, the Director of the company, disposed of 3,000 shares for $11.86 on Dec 16. It resulted in a $35,565 divestment by the insider.
Valuation Metrics
The stock’s beta is 1.93. Besides these, the trailing price-to-sales (P/S) ratio of 1.06, the price-to-book (PB) ratio of 0.68, and the price-to-cash flow ratio of 12.56 may also be considered.
The latest dividend of $0.15 per share was paid out, remained unchanged from last year’s $0.15. On Wednesday March 15 2023, a $0.10 dividend decrease was announced.
Financial Health
According to company report, the long-term debt-to-equity ratio for the quarter ending June 29 was 1.11, and the total debt-to-equity ratio was 1.11. On the profitability front, the trailing twelve-month gross margin is 64.80% percent. In the year ended June 29, operating margins totaled 6.00%. Based on annual data, PK earned $1.64 billion in gross profit and brought in $2.5 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 4.30%. Return on equity (ROE) for the past 12 months was -1.10%.
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 2.66% to $648.0 million during the quarter, while net income inched up to $714.0 million. While analysts expected Park Hotels & Resorts Inc. to report $0.28 quarterly earnings, the actual figure was -$0.7 per share. During the quarter, the company generated -$32.0 million in EBITDA. The liabilities of Park Hotels & Resorts Inc. were 5.33 billion at the end of its most recent quarter ended June 29, and its total debt was $4.72 billion. The value of shareholders’ equity is $215.73 million.
Technical Picture
This quick technical analysis looks at Park Hotels & Resorts Inc.’s (PK) price momentum. With a historical volatility rate of 23.62%, the RSI 9-day stood at 45.69% on 17 August.
With respect to its five-day moving average, the current Park Hotels & Resorts Inc. price is down by -0.88% percent or -$0.11. At present, PK shares trade -1.26% below its 20-day simple moving average and +13.71% percent above its 100-day simple moving average. However, the stock is currently trading approximately -10.26% below its SMA50 and -1.41% below its SMA200.
Stochastic coefficient K was 42.65% and Stochastic coefficient D was 43.26%, while ATR was 0.43. Given the Stochastic reading of 48.33% for the 14-day period, the RSI (14) reading has been calculated as 46.69%. As of today, the MACD Oscillator reading stands at -0.26, while the 14-day reading stands at -0.29.
Analyst Ratings
Park Hotels & Resorts Inc. downgraded its rating on Park Hotels & Resorts Inc. (NYSE: PK) to an In-line in a note to investors on June 09, 2023. The analysts firm previously had an Outperform rating on the stock.Park Hotels & Resorts Inc. (PK) has been rated Hold by analysts. According to 1 brokerage firm, PK is a sell, and 11 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 0 analysts rate Park Hotels & Resorts Inc. stock as buy, with 3 recommending it as overweight.
With a median target price of $15.00, the current consensus forecast for the stock is $12.00 – $25.00. Based on these forecasts, analysts predict Park Hotels & Resorts Inc. (PK) will achieve an average price target of $16.15.
