Playa Hotels & Resorts N.V (NASDAQ: PLYA)’s stock price has dropped by -1.31 in relation to previous closing price of 9.90. Nevertheless, the company has seen a gain of 2.73% in its stock price over the last five trading days. seekingalpha.com reported 2024-11-09 that Playa Hotels & Resorts N.V. (NASDAQ:PLYA ) Q3 2024 Results Conference Call November 7, 2024 9:00 AM ET Company Participants Ryan Hymel – EVP and CFO Bruce Wardinski – Chairman and CEO Conference Call Participants Patrick Scholes – Truist Smedes Rose – Citi Tyler Batory – Oppenheimer Chad Beynon – Macquarie Operator Good day, and welcome to the Playa Hotels & Resorts Third Quarter 2024 Earnings Call.
Is It Worth Investing in Playa Hotels & Resorts N.V (NASDAQ: PLYA) Right Now?
Playa Hotels & Resorts N.V (NASDAQ: PLYA) has a price-to-earnings ratio of 20.44x that is above its average ratio. Additionally, the 36-month beta value for PLYA is 1.64. There are mixed opinions on the stock, with 4 analysts rating it as a “buy,” 1 rating it as “overweight,” 1 rating it as “hold,” and 0 rating it as “sell.”
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The public float for PLYA is 87.14M and currently, short sellers hold a 7.00% ratio of that float. The average trading volume of PLYA on November 27, 2024 was 1.01M shares.
PLYA’s Market Performance
The stock of Playa Hotels & Resorts N.V (PLYA) has seen a 2.73% increase in the past week, with a 12.04% rise in the past month, and a 27.88% gain in the past quarter. The volatility ratio for the week is 2.41%, and the volatility levels for the past 30 days are at 2.66% for PLYA. The simple moving average for the past 20 days is 4.21% for PLYA’s stock, with a 13.54% simple moving average for the past 200 days.
Analysts’ Opinion of PLYA
Many brokerage firms have already submitted their reports for PLYA stocks, with Citigroup repeating the rating for PLYA by listing it as a “Neutral.” The predicted price for PLYA in the upcoming period, according to Citigroup is $8 based on the research report published on August 14, 2024 of the current year 2024.
BofA Securities, on the other hand, stated in their research note that they expect to see PLYA reach a price target of $8, previously predicting the price at $10. The rating they have provided for PLYA stocks is “Underperform” according to the report published on June 26th, 2023.
Citigroup gave a rating of “Buy” to PLYA, setting the target price at $8 in the report published on December 14th of the previous year.
PLYA Trading at 12.80% from the 50-Day Moving Average
After a stumble in the market that brought PLYA to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -3.55% of loss for the given period.
Volatility was left at 2.66%, however, over the last 30 days, the volatility rate increased by 2.41%, as shares surge +11.91% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +26.23% upper at present.
During the last 5 trading sessions, PLYA rose by +2.73%, which changed the moving average for the period of 200-days by +13.34% in comparison to the 20-day moving average, which settled at $9.38. In addition, Playa Hotels & Resorts N.V saw 12.95% in overturn over a single year, with a tendency to cut further gains.
Insider Trading
Reports are indicating that there were more than several insider trading activities at PLYA starting from DAVIDSON KEMPNER CAPITAL MANAG, who sale 100,000 shares at the price of $9.74 back on Nov 08 ’24. After this action, DAVIDSON KEMPNER CAPITAL MANAG now owns 12,142,519 shares of Playa Hotels & Resorts N.V, valued at $974,000 using the latest closing price.
Peterson Karl Mr., the Director of Playa Hotels & Resorts N.V, sale 60,000 shares at $8.31 during a trade that took place back on Jun 14 ’24, which means that Peterson Karl Mr. is holding 2,469,033 shares at $498,600 based on the most recent closing price.
Stock Fundamentals for PLYA
Current profitability levels for the company are sitting at:
- 0.19 for the present operating margin
- 0.4 for the gross margin
The net margin for Playa Hotels & Resorts N.V stands at 0.06. The total capital return value is set at 0.11. Equity return is now at value 12.12, with 3.50 for asset returns.
Based on Playa Hotels & Resorts N.V (PLYA), the company’s capital structure generated 0.68 points at debt to capital in total, while cash flow to debt ratio is standing at 0.13. The debt to equity ratio resting at 2.12. The interest coverage ratio of the stock is 1.95.
Currently, EBITDA for the company is 258.05 million with net debt to EBITDA at 3.38. When we switch over and look at the enterprise to sales, we see a ratio of 2.13. The receivables turnover for the company is 20.91for trailing twelve months and the total asset turnover is 0.53.
Conclusion
In conclusion, Playa Hotels & Resorts N.V (PLYA) has seen better performance in recent times. Analysts have a bullish opinion on the stock, with some rating it as a “buy” and others rating it as a “hold”. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
