While Playtika Holding Corp has underperformed by -2.47%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, PLTK fell by -24.15%, with highs and lows ranging from $12.90 to $6.43, whereas the simple moving average fell by -22.60% in the last 200 days.
On January 22, 2024, HSBC Securities Downgraded Playtika Holding Corp (NASDAQ: PLTK) to Hold. A report published by BofA Securities on January 18, 2024, Downgraded its rating to ‘Underperform’ for PLTK. Citigroup also Upgraded PLTK shares as ‘Buy’, setting a target price of $11 on the company’s shares in a report dated November 21, 2023. HSBC Securities Initiated an Buy rating on July 25, 2023, and assigned a price target of $15.80. BofA Securities July 07, 2023d its ‘Underperform’ rating to ‘Neutral’ for PLTK, as published in its report on July 07, 2023. Wells Fargo’s report from June 27, 2023 suggests a price prediction of $12 for PLTK shares, giving the stock a ‘Equal Weight’ rating. Citigroup also rated the stock as ‘Neutral’.
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Analysis of Playtika Holding Corp (PLTK)
Further, the quarter-over-quarter increase in sales is 1.06%, showing a positive trend in the upcoming months.
To gain a thorough understanding of Playtika Holding Corp’s future performance, several well-rounded types of analysis and research techniques can be used, with equity being among the most crucial. Taking into account the quick ratio of the company, currently set at 2.48, you can see that the company can cover any debts it may have, which can easily be seen in the annual report of the company.
It is also very valuable to look at average volume as an indicator of volatility for a stock, and PLTK is recording an average volume of 838.64K. On a monthly basis, the volatility of the stock is set at 3.85%, whereas on a weekly basis, it is put at 6.16%, with a gain of 0.55% over the past seven days. Furthermore, long-term investors anticipate a median target price of $9.74, showing growth from the present price of $7.32, which can serve as yet another indication of whether PLTK is worth investing in or should be passed over.
How Do You Analyze Playtika Holding Corp Shares?
A leading company in the Electronic Gaming & Multimedia sector, Playtika Holding Corp (PLTK) is based in the Israel. When comparing Playtika Holding Corp shares with other companies under Communication Services, the P/E value is an influential factor to note. This is because it represents an indication of the future growth of the company in terms of investors’ expectations. Ultimately, the value of the latter should demonstrate steady, rapid growth, which is an accurate measure of the company’s progress. In addition to the value of 11.41, there is a growth in quarterly earnings of -57.42%.
The number of employees owning shares of the company should also be considered in addition to the fundamentals. This is because the values should be in line with investors’ expectations. As such, the current holdings of company stock inside the company are set at 82.10%. This can enable you to see the extent to which executives own the company’s stock. As opposed to executive stock, institutional ownership accounts for 13.37% of the company’s shares, contributing to an indication of company value, since large shareholders may signify strength within the organization.
PLTK shares are owned by institutional investors to the tune of 13.37% at present.
