Investors aiming for above-average returns often turn to the practice of stock picking. Skillful choices in individual stocks can be a catalyst for substantial wealth growth.
The price of Playtika Holding Corp (NASDAQ: PLTK) closed at $8.87 in the last session, up 14.45% from day before closing price of $7.75. In other words, the price has increased by $14.45 from its previous closing price. On the day, 2.7 million shares were traded. PLTK stock price reached its highest trading level at $9.025 during the session, while it also had its lowest trading level at $7.84.
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 3.19 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 7.12. For the most recent quarter (mrq), Quick Ratio is recorded 2.48 and its Current Ratio is at 2.48.
On January 18, 2024, BofA Securities Downgraded its rating to Underperform which previously was Neutral and also lowered its target price recommendation from $11 to $8.
Citigroup Upgraded its Neutral to Buy on November 21, 2023, while the target price for the stock was maintained at $11.
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 Jul 28 ’23 when Chau On sold 400,000 shares for $11.89 per share. The transaction valued at 4,755,720 led to the insider holds 79,910,506 shares of the business.
Chau On sold 300,000 shares of PLTK for $3,677,670 on Jul 27 ’23. The 10% Owner now owns 80,310,506 shares after completing the transaction at $12.26 per share. On Jul 26 ’23, another insider, Chau On, who serves as the 10% Owner of the company, sold 200,000 shares for $12.23 each. As a result, the insider received 2,445,260 and left with 80,610,506 shares of the company.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, PLTK now has a Market Capitalization of 3291905280 and an Enterprise Value of 4346028032. As of this moment, Playtika’s Price-to-Earnings (P/E) ratio for their current fiscal year is 13.83, and their Forward P/E ratio for the next fiscal year is 12.45. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 1.41. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.28. Its current Enterprise Value per Revenue stands at 1.693 whereas that against EBITDA is 6.309.
Stock Price History:
Over the past 52 weeks, PLTK has reached a high of $12.90, while it has fallen to a 52-week low of $6.25. The 50-Day Moving Average of the stock is 24.50%, while the 200-Day Moving Average is calculated to be 5.14%.
Shares Statistics:
According to the various share statistics, PLTK traded on average about 1.07M shares per day over the past 3-months and 878650 shares per day over the past 10 days. A total of 370.00M shares are outstanding, with a floating share count of 69.27M. Insiders hold about 81.33% of the company’s shares, while institutions hold 13.40% stake in the company. Shares short for PLTK as of 1713139200 were 6063512 with a Short Ratio of 5.68, compared to 1710460800 on 4964203. Therefore, it implies a Short% of Shares Outstanding of 6063512 and a Short% of Float of 25.779999999999998.
