Is Playtika Holding Corp. (NASDAQ:PLTK) an excellent stock to buy at the moment?

The price of Playtika Holding Corp. (NASDAQ: PLTK) closed at $10.56 in the last session, down -1.40% from day before closing price of $10.71. In other words, the price has decreased by -$0.15 from its previous closing price. On the day, 673004 shares were traded. PLTK stock price reached its highest trading level at $10.73 during the session, while it also had its lowest trading level at $10.46.

Will You Miss Out On This Growth Stock Boom?

A new megatrend in the fintech market is well underway. Mobile payments are projected to boom into a massive $12 trillion market by 2028. According to Motley Fool this growth stock could "deliver huge returns." Not only in the immediate future but also over the next decade. Especially since the man behind this company is a serial entrepreneur who has been wildly successful over the years.

And this is just one of our 5 Best Growth Stocks To Own For 2023.

Sponsored

Ratios:

We take a closer look at PLTK’s different ratios to gain a better understanding of the stock. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 2.83 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 8.25. For the most recent quarter (mrq), Quick Ratio is recorded 2.80 and its Current Ratio is at 2.80.

Upgrades & Downgrades

On November 28, 2022, Morgan Stanley Downgraded its rating to Equal-Weight which previously was Overweight and also lowered its target price recommendation from $20 to $12.

Insider Transactions:

An investor can also benefit from insider trades by learning what management is thinking about the future direction of stock prices. A recent insider transaction in this stock occurred on Dec 09 when Gross Dana Rebecca sold 15,262 shares for $8.58 per share. The transaction valued at 130,948 led to the insider holds 0 shares of the business.

Playtika Holding UK II Ltd sold 27,943,938 shares of PLTK for $323,590,802 on Oct 10. The 10% Owner now owns 184,260,997 shares after completing the transaction at $11.58 per share.

Valuation Measures:

As of this moment, Playtika’s Price-to-Earnings (P/E) ratio for their current fiscal year is 14.98, and their Forward P/E ratio for the next fiscal year is 12.71. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 1.48. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.35.

Stock Price History:

Over the past 52 weeks, PLTK has reached a high of $21.45, while it has fallen to a 52-week low of $7.81. The 50-Day Moving Average of the stock is 9.12, while the 200-Day Moving Average is calculated to be 11.81.

Shares Statistics:

According to the various share statistics, PLTK traded on average about 1.20M shares per day over the past 3-months and 1.03M shares per day over the past 10 days. A total of 412.70M shares are outstanding, with a floating share count of 45.98M. Insiders hold about 0.10% of the company’s shares, while institutions hold 21.00% stake in the company. Shares short for PLTK as of Oct 13, 2022 were 13.02M with a Short Ratio of 4.67M, compared to 8.29M on Sep 14, 2022. Therefore, it implies a Short% of Shares Outstanding of 3.61% and a Short% of Float of 39.42%.

Earnings Estimates

The company has 13 analysts who recommend its stock at the moment. On average, analysts expect EPS of $0.17 for the current quarter, with a high estimate of $0.22 and a low estimate of $0.13, while EPS last year was $0.2. The consensus estimate for the next quarter is $0.18, with high estimates of $0.22 and low estimates of $0.13.

Analysts are recommending an EPS of between $0.78 and $0.57 for the fiscal current year, implying an average EPS of $0.65. EPS for the following year is $0.82, with 13 analysts recommending between $1 and $0.66.

Revenue Estimates

A total of 13 analysts have provided revenue estimates for PLTK’s current fiscal year. The highest revenue estimate was $2.66B, while the lowest revenue estimate was $2.6B, resulting in an average revenue estimate of $2.62B. In the same quarter a year ago, actual revenue was $2.58B, up 1.60% from the average estimate. Based on 13 analysts’ estimates, the company’s revenue will be $2.73B in the next fiscal year. The high estimate is $2.85B and the low estimate is $2.56B. The average revenue growth estimate for next year is up 4.10% from the average revenue estimate for this year.