Playtika Holding Corp [PLTK] stock is trading at $7.27, up 1.54%. In order to assess the stock’s recent performance, you can check whether its short-term value is rising or falling. The PLTK shares have gain 9.32% over the last week, with a monthly amount drifted -0.41%, and not seem to be holding up well over a long-time horizon.
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On 26, February 2024, Playtika Holding Corp. Reports Q4 and 2023 Financial Results. In a post published today on Yahoo Finance, Announces Capital Allocation Framework and Initiates Quarterly Dividend2023 Q4 Revenue Increased 1.1% YOY; DTC Platforms Revenue Increased 7.6% YOYAnnounces Pause to Strategic Alternatives Process.
From an analyst’s perspective:
Playtika Holding Corp [NASDAQ: PLTK] stock has seen the most recent analyst activity on January 22, 2024, when HSBC Securities downgraded its rating to a Hold but kept the price target unchanged to $8 for it. Previously, BofA Securities downgraded its rating to Underperform on January 18, 2024, and dropped its price target to $8. On November 21, 2023, upgrade upgraded it’s rating to Buy but maintained its price target of $11 on the stock. HSBC Securities started tracking the stock assigning a Buy rating and suggested a price target of $15.80 on July 25, 2023. BofA Securities upgraded its rating to a Neutral and raised its price target to $13 on July 07, 2023. Wells Fargo started tracking with a Equal Weight rating for this stock on June 27, 2023, and assigned it a price target of $12.
Playtika Holding Corp [PLTK] stock has fluctuated between $6.25 and $12.90 over the past year. Currently, Wall Street analysts expect the stock to reach $16.46 within the next 12 months. Playtika Holding Corp [NASDAQ: PLTK] shares were valued at $7.27 at the most recent close of the market. An investor can expect a potential return of 126.41% based on the average PLTK price forecast.
Analyzing the PLTK fundamentals
Playtika Holding Corp [NASDAQ:PLTK] reported sales of 2.57B for the trailing twelve months, which represents a growth of 1.06%. Gross Profit Margin for this corporation currently stands at 0.72% with Operating Profit Margin at 0.18%, Pretax Profit Margin comes in at 0.15%, and Net Profit Margin reading is 0.09%. To continue investigating profitability, this company’s Return on Assets is posted at 0.07, Equity is -0.72 and Total Capital is 0.18. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at -11.0.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 7.16 points at the first support level, and at 7.04 for the second support level. However, for the 1st resistance point, the stock is sitting at 7.35, and for the 2nd resistance point, it is at 7.42.
Playtika Holding Corp [PLTK] reported earnings per share of $0.1 for its fiscal quarter that ended on 12/30/2023. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of $0.17/share, meaning a difference of -$0.07 and a surprise factor of -41.20%. By comparison, the stated earnings for the previous quarter ended on 9/29/2023 were $0.1 per share as compared to estimates of $0.19 per share, a difference of -$0.09 representing a surprise of -47.40%.
Ratios To Look Out For
For context, Playtika Holding Corp’s Current Ratio is 2.48. In addition, the Quick Ratio stands at 2.48 and the Cash Ratio stands at 1.91. Considering the valuation of this stock, the price to sales ratio is 1.05 and price to earnings (TTM) ratio is 11.34.
Transactions by insiders
Recent insider trading involved Chau On, 10% Owner, that happened on Jul 28 ’23 when 0.4 million shares were sold. 10% Owner, Chau On completed a deal on Jul 27 ’23 to sell 0.3 million shares. Meanwhile, 10% Owner Chau On sold 0.2 million shares on Jul 26 ’23.
