Playtika Holding Corp. (NASDAQ:PLTK) finished Friday with a subtraction of -$0.12 to close at $9.79, a downside of -1.21 percent. An average of 882,240 shares of common stock have been traded in the last five days. There was a gain of $0.40 in the past week, and it reached a new high 6 times over the past 12 months. The last 20 days have seen an average of 1,161,430 shares traded, while the 50-day average volume stands at 1,244,130.
PLTK stock has decreased by -19.75% in the last month. The company shares reached their 1-month lowest point of $9.30 on 08/21/23. With the stock rallying to its 52-week high on 07/13/23, shares of the company touched a low of $7.81 and a high of $12.90 in 52 weeks. It has reached a new high 19 times so far this year and achieved 15.04% or $1.28 in price. In spite of this, the price is down -24.08% from the 52-week high.
Insider Transactions
PLTK stock investors should be aware that Playtika Holding Corp. (PLTK) stock had its last reported insider trading activity 29 days ago on Jul 28. In this transaction, the insider spent $4,755,720. 10% Owner, Chau On, disposed of 300,000 shares at a price of $12.26 on Jul 27. The insider now owns more than $3,677,670 worth of shares. Prior to that, 10% Owner Chau On went on to Sale 200,000 shares at $12.23 each on Jul 26. An amount of $2,445,260 was transacted.
Valuation Metrics
Playtika Holding Corp. (PLTK) has a trailing price-to-earnings (P/E) ratio of 11.65. The stock’s beta is 0.90. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 1.43, and the price-to-cash flow ratio at 9.32.
Financial Health
The quick ratio of Playtika Holding Corp. for the three months ended June 29 was 3.00, and the current ratio was 3.00, indicating that the company is able to meet its debt obligations. Playtika Holding Corp.’s EBITDA margin for the year ending June 29 is 25.95%, while its operating margin for the same period stands at 21.40%. Its gross profit as reported stood at $1.88 billion compared to revenue of $2.62 billion.
For investors, determining the potential profitability of the investment also depends on the performance of the company’s management. In the past 12 months, Playtika Holding Corp.’s return on assets was 11.20%.
Earnings Surprise
For the three-month period that ended June 29, Playtika Holding Corp. had $2.41 billion in total debt. In the quarter under review, the net income was down than the previous quarter. The company posted a net income of $75.7 million in the quarter, while revenues of $84.1 million were grew 51.92%. The analyst consensus anticipated Playtika Holding Corp.’s latest quarter earnings to come in at $0.2 per share, but it turned out to be $0.21, a 5.00% surprise. For the quarter, EBITDA amounted to $189.1 million. Shareholders own equity worth $366.5 million.
Technical Picture
From a technical analysis perspective, let’s take a brief look at Playtika Holding Corp. (PLTK) price momentum. RSI 9-day as of the close on 25 August was 35.45%, suggesting the stock is Neutral, with historical volatility in this time frame at 28.13%.
As of today, PLTK’s price is $9.82 +4.26% or $0.40 from its 5-day moving average. PLTK is currently trading -17.31% lower than its 20-day SMA and -12.12% lower than its 100-day SMA. However, the stock’s current price level is -12.59% below the SMA50 and +1.03% above the SMA200.
The stochastic %K and %D were 30.82% and 27.58%, respectively, and the average true range (ATR) was 0.29. With the 14-day stochastic at 29.34% and the average true range at 0.31, the RSI (14) stands at 34.19%. The stock has reached 0.14 on the 9-day MACD Oscillator while the 14-day reading was at 0.07.
Analyst Ratings
HSBC Securities launched coverage on Playtika Holding Corp. (NASDAQ: PLTK) in its analyst report released on July 25, 2023. The firm assigned the stock a Buy rating. The consensus rating for Playtika Holding Corp. (PLTK) among analysts is Overweight. According to current brokerage recommendations, 0 brokerage firms advise that investors sell PLTK, while 8 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 1 analysts, while 6 others rate it as a “buy”.
What is PLTK’s price target for the next 12 months?
Analysts predict a range of price targets between $11.00 and $25.00, with a median target of $12.00. Taking a look at these predictions, the average price target given by analysts for Playtika Holding Corp. (PLTK) stock is $13.83.
