An In-Depth Look at Playtika Holding Corp’s (PLTK) Stock Performance

The stock of Playtika Holding Corp (PLTK) has seen a 3.31% increase in the past week, with a 7.82% gain in the past month, and a -14.85% decrease in the past quarter. The volatility ratio for the week is 3.00%, and the volatility levels for the past 30 days are at 3.70% for PLTK. The simple moving average for the past 20 days is 1.85% for PLTK’s stock, with a -20.82% simple moving average for the past 200 days.

Is It Worth Investing in Playtika Holding Corp (NASDAQ: PLTK) Right Now?

The price-to-earnings ratio for Playtika Holding Corp (NASDAQ: PLTK) is 11.18x, which is above its average ratio. Moreover, the 36-month beta value for PLTK is 0.84. Analysts have varying opinions on the stock, with 0 analysts rating it as a “buy,” 0 as “overweight,” 0 as “hold,” and 0 as “sell.”

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The public float for PLTK is 69.18M and currently, short sellers hold a 7.18% of that float. On April 04, 2024, PLTK’s average trading volume was 946.79K shares.

PLTK) stock’s latest price update

Playtika Holding Corp (NASDAQ: PLTK)’s stock price has plunge by 3.02relation to previous closing price of 6.96. Nevertheless, the company has seen a 3.31% surge in its stock price over the last five trading sessions. Seeking Alpha reported 2024-02-26 that Playtika Holding Corp. (NASDAQ:PLTK) Q4 2023 Earnings Conference Call February 26, 2024 8:30 AM ET

Analysts’ Opinion of PLTK

Many brokerage firms have already submitted their reports for PLTK stocks, with HSBC Securities repeating the rating for PLTK by listing it as a “Hold.” The predicted price for PLTK in the upcoming period, according to HSBC Securities is $8 based on the research report published on January 22, 2024 of the current year 2024.

BofA Securities, on the other hand, stated in their research note that they expect to see PLTK reach a price target of $8, previously predicting the price at $11. The rating they have provided for PLTK stocks is “Underperform” according to the report published on January 18th, 2024.

Citigroup gave a rating of “Buy” to PLTK, setting the target price at $11 in the report published on November 21st of the previous year.

PLTK Trading at -0.94% from the 50-Day Moving Average

After a stumble in the market that brought PLTK to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -44.40% of loss for the given period.

Volatility was left at 3.70%, however, over the last 30 days, the volatility rate increased by 3.00%, as shares surge +4.82% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -3.37% lower at present.

During the last 5 trading sessions, PLTK rose by +3.31%, which changed the moving average for the period of 200-days by -37.54% in comparison to the 20-day moving average, which settled at $7.06. In addition, Playtika Holding Corp saw -17.78% in overturn over a single year, with a tendency to cut further losses.

Insider Trading

Reports are indicating that there were more than several insider trading activities at PLTK starting from Chau On, who sale 400,000 shares at the price of $11.89 back on Jul 28 ’23. After this action, Chau On now owns 79,910,506 shares of Playtika Holding Corp, valued at $4,755,720 using the latest closing price.

Chau On, the 10% Owner of Playtika Holding Corp, sale 300,000 shares at $12.26 during a trade that took place back on Jul 27 ’23, which means that Chau On is holding 80,310,506 shares at $3,677,670 based on the most recent closing price.

Stock Fundamentals for PLTK

Current profitability levels for the company are sitting at:

  • 0.18 for the present operating margin
  • 0.72 for the gross margin

The net margin for Playtika Holding Corp stands at 0.09. The total capital return value is set at 0.18.

Based on Playtika Holding Corp (PLTK), the company’s capital structure generated 1.1 points at debt to capital in total, while cash flow to debt ratio is standing at 0.21. The debt to equity ratio resting at -11.0. The interest coverage ratio of the stock is 3.02.

Currently, EBITDA for the company is 726.0 million with net debt to EBITDA at 2.18. When we switch over and look at the enterprise to sales, we see a ratio of 1.62. The receivables turnover for the company is 14.97for trailing twelve months and the total asset turnover is 0.81. The liquidity ratio also appears to be rather interesting for investors as it stands at 2.48.

Conclusion

To wrap up, the performance of Playtika Holding Corp (PLTK) has been mixed in recent times. The stock has received a mixed of “buy” and “hold” ratings from analysts. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.

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