Park Hotels & Resorts Inc. (NYSE:PK) saw an upside of 0.16% to close Tuesday at $12.64 after adding $0.02 on the day. The 5-day average trading volume is 2,163,800 shares of the company’s common stock. It has gained $13.01 in the past week and touched a new high 1 time within the past 5 days. An average of 3,442,610 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 3,271,778.
PK’s 1-month performance is -2.69% or -$0.42 on its low of $12.10 reached on 08/03/23. The company’s shares have touched a 52-week low of $10.70 and high of $15.38, with the stock’s rally to the 52-week high happening on 02/02/23. YTD, PK has achieved 7.21% or $0.85 and has reached a new high 16 times. However, the current price is down -17.79% from the 52-week high price.
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Insider Transactions
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.
Valuation Metrics
PK stock has a beta of 1.94. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 1.00 while the price-to-book (PB) in the most recent quarter is 0.67, with the price to cash flow ratio at 11.76.
As well, the company’s long term debt to equity for the quarter ending June 29 was 1.11, while the total debt to equity was 1.11.. In terms of profitability, the gross margin trailing 12 months is 64.80%. The firm’s gross profit as reported stood at $1.64 billion against revenue of $2.5 billion.
Earnings Surprise
For the quarterly period ending June 29 this year, Net income and sales went up compared to those figures reported in the previous quarter. Net income grew 200.0% to -$150.0 million, while revenue of $33.0 million was 122.0% off the previous quarter. Analysts expected PK to announce $0.28 per share in earnings in its latest quarter, but it posted -$0.7, representing a -350.00% surprise. EBITDA for the quarter stood at more than -$32.0 million. PK stock balance sheet for the quarter ending June 29 shows that total liabilities totaled 5.33 billion, with total debt at $4.72 billion. Shareholders hold equity totaling $215.73 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 22 August was 39.62% to suggest the stock is trending Neutral, with historical volatility in this time period at 19.13%.
The stock’s 5-day moving average is $12.73, reflecting a -1.33% or -$0.17 change from its current price. PK is currently trading -2.24% above its 20-day SMA, +7.03% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by -9.13% and SMA200 by+0.80%.
Stochastic %K and %D was 36.88% and 38.64% and the average true range (ATR) pointed at 0.40. The RSI (14) points at 42.73%, while the 14-day stochastic is at 32.83% with the period’s ATR at 0.42. The stock’s 9-day MACD Oscillator is pointing at -0.15 and -0.27 on the 14-day charts.
Analyst Ratings
In the most recent analyst report for Park Hotels & Resorts Inc. (NYSE: PK), Evercore ISI downgraded it to an In-line rating. They previously had an Outperform rating on the stock.
