As of Friday close, Playtika Holding Corp.’s (NASDAQ:PLTK) stock was down -$0.25, moving down -2.59 percent to $9.39. The average number of shares traded per day over the past five days has been 1,124,000 shares. 1 time new highs have been achieved over the past 5 days, with a -$0.39 fall in that time frame. In the last twenty days, the average volume was 1,187,480, while in the previous 50 days, it was 1,290,262.
Since last month, PLTK stock retreated -24.09%. Shares of the company fell to $9.36 on 08/18/23, the lowest level in the past month. A 52-week high of $12.90 was reached on 07/13/23 after having rallying from a 52-week low of $7.81. Since the beginning of this year, PLTK’s stock price has risen by 10.34% or $0.88, and marked a new high 19 times. However, the stock has declined by -27.18% since its 52-week high.
PLTK stock investors should be aware that Playtika Holding Corp. (PLTK) stock had its last reported insider trading activity 22 days ago on Jul 28. Chau On, the 10% Owner of the company, disposed of 400,000 shares for $11.89 on Jul 28. It resulted in a $4,755,720 divestment by the insider. Chau On sold 300,000 shares at an average price of $12.26 on Jul 27. The insider now owns 80,310,506 shares following the transaction. On Jul 26, 10% Owner Chau On sold 200,000 shares at $12.23 apiece. The transaction was valued at $2,445,260.
Valuation Metrics
Right now, Playtika Holding Corp. (PLTK) has a P/E ratio of about 11.18. The stock’s beta is 0.92.
Financial Health
In the three months ended June 29, Playtika Holding Corp.’s quick ratio stood at 3.00, while its current ratio was 3.00, showing that the company is able to pay off its debt. On the profitability front, the trailing twelve-month gross margin is 71.40% percent. In the year ended June 29, EBITDA margin amounted to 25.95%, whereas operating margins totaled 21.40%. Based on annual data, PLTK earned $1.88 billion in gross profit and brought in $2.62 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 20.80%. Return on equity (ROE) for the past 12 months was -86.30%.
In Playtika Holding Corp.’s quarter-end financial report for June 29, it reported total debt of $2.41 billion. According to the earnings report, the company had a lower net income in the recent quarter than it did in the previous quarter. PLTK’s revenue fell -2.61% to $656.2 million during the quarter, while net income inched up to $642.8 million. While analysts expected Playtika Holding Corp. to report $0.2 quarterly earnings, the actual figure was $0.21 per share, beating the consensus estimate by 5.00%. During the quarter, the company generated $189.1 million in EBITDA. The liabilities of Playtika Holding Corp. were 3.19 billion at the end of its most recent quarter ended June 29, and its total debt was $2.53 billion. The value of shareholders’ equity is $366.5 million.
Technical Picture
This quick technical analysis looks at Playtika Holding Corp.’s (PLTK) price momentum. With a historical volatility rate of 46.02%, the RSI 9-day stood at 15.25% on 18 August.
With respect to its five-day moving average, the current Playtika Holding Corp. price is down by -3.99% percent or -$0.39. At present, PLTK shares trade -23.35% below its 20-day simple moving average and -13.85% percent below its 100-day simple moving average. However, the stock is currently trading approximately -7.58% below its SMA50 and -0.63% below its SMA200.
Stochastic coefficient K was 3.80% and Stochastic coefficient D was 5.55%, while ATR was 0.34. Given the Stochastic reading of 1.18% for the 14-day period, the RSI (14) reading has been calculated as 21.23%. As of today, the MACD Oscillator reading stands at -0.20, while the 14-day reading stands at -0.76.
Analyst Ratings
HSBC Securities launched its rating on Playtika Holding Corp. (NASDAQ: PLTK) to a Buy in a note to investors on July 25, 2023. Playtika Holding Corp. (PLTK) has been rated Overweight by analysts. According to 0 brokerage firms, PLTK is a sell, and 8 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 1 analyst rate Playtika Holding Corp. stock as buy, with 6 recommending it as overweight.
With a median target price of $12.00, the current consensus forecast for the stock is $11.00 – $25.00. Based on these forecasts, analysts predict Playtika Holding Corp. (PLTK) will achieve an average price target of $13.83.
