While Playtika Holding Corp has overperformed by 3.02%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, PLTK fell by -36.32%, with highs and lows ranging from $12.90 to $6.25, whereas the simple moving average fell by -20.82% 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’.
Analysis of Playtika Holding Corp (PLTK)
PLTK currently pays a dividend of $0.10 per share, which means investors will get a return regardless of the company’s performance over the next few months. Further, the quarter-over-quarter increase in sales is 1.06%, showing a positive trend in the upcoming months.
In order to gain a clear picture of Playtika Holding Corp’s future performance, a variety of well-rounded analysis and research techniques can be applied, with equity being the most critical. 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.
An average volume of 946.79K can be a very valuable indicator of volatility for PLTK stock. On a monthly basis, the volatility of the stock is set at 3.70%, whereas on a weekly basis, it is put at 3.00%, with a gain of 3.31% over the past seven days. Furthermore, long-term investors anticipate a median target price of $9.69, showing growth from the present price of $7.17, 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?
The Israel based company Playtika Holding Corp (PLTK) is one of the biggest names in Electronic Gaming & Multimedia. 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 11.18, there is a growth in quarterly earnings of -57.42%.
In addition to the fundamentals, you should also consider how many employees own shares in the company. 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 81.33%. 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.
