Playtika Holding Corp. (NASDAQ: PLTK): Blank Check On Growth? – Stocks Register
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Playtika Holding Corp. (NASDAQ: PLTK): Blank Check On Growth?

Playtika Holding Corp. (NASDAQ:PLTK) price on Friday, October 08, fall -0.29% below its previous day’s close as a downside momentum from buyers pushed the stock’s value to $27.40.

A look at the stock’s price movement, the close in the last trading session was $27.48, moving within a range at $26.99 and $27.87. The PE ratio in trailing twelve months stood at 32.46. Turning to its 52-week performance, $36.06 and $20.88 were the 52-week high and 52-week low respectively. Overall, PLTK moved 2.85% over the past month.


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Playtika Holding Corp.’s market cap currently stands at around $11.18 billion, with investors looking forward to this quarter’s earnings report slated for Aug 04, 2021. Analysts project the company’s earnings per share (EPS) to be $0.24, which has seen fiscal year 2021 EPS growth forecast to increase to $0.8 and about $1.18 for fiscal year 2022. Per the data, EPS growth is expected to be 233.30% for 2021 and 47.50% for the next financial year.

Analysts have a consensus estimate of $659.75 million for the company’s revenue for the quarter, with a low and high estimate of $650 million and $667.45 million respectively. Wall Street analysts have also projected the company’s year-on-year revenue for 2021 to grow to $2.64 billion, representing a 11.10% jump on that reported in the last financial year.

Revisions could be used as tool to get short term price movement insight, and for the company that in the past seven days was 1 upward and no downward review(s).

10 analyst(s) have given their forecast ratings for the stock on a scale of 1.00-5.00 for a strong buy to strong sell recommendation. A total of 1 analyst(s) rate the stock as a Hold, 8 recommend PLTK as a Buy and 1 give it an Overweight rating. Meanwhile, 0 analyst(s) rate the stock as Underweight and 0 say it is a Sell. As such, the average rating for the stock is Buy which could provide an opportunity for investors keen on increasing their holdings of the company’s stock.

PLTK’s current price about 1.34% and 5.95% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 56.06, while 7-day volatility ratio is 2.67% and 3.48% in the 30-day chart. Further, Playtika Holding Corp. (PLTK) has a beta value of 0, and an average true range (ATR) of 0.90. Analysts have given the company’s stock an average 52-week price target of $38.10, forecast between a low of $29.00 and high of $44.00. Looking at the price targets, the low is -5.84% off current price level while to achieve the yearly target high, price needs to move -60.58%. Nonetheless, investors will most likely welcome a -40.51% jump to $38.50 which is the analysts’ median price.

In the market, a comparison of Playtika Holding Corp. (PLTK) and its peers suggest the former has performed considerably weaker. Comparatively, Activision Blizzard Inc. (ATVI) has moved 0.32% on the day and only -0.24% in the past 12 months. Moreover, Electronic Arts Inc. (EA) is also up 1.74% in trading on the day while keeping a an uptrend of 11.11% over the past year. If we look at the PE ratio, we find that Playtika Holding Corp.’s ratio stands at 32.46 compared to Activision Blizzard Inc.’s 23.26. Elsewhere, the overall performance for the S&P 500 and Dow Jones Industrial shows that the indexes are down -0.19% and -0.03% respectively in the last trading.

If we refocus on Playtika Holding Corp. (NASDAQ:PLTK), historical trading data shows that trading volumes averaged 0.9 million over the past 10 days and 1.01 million over the past 3 months. The company’s latest data on shares outstanding shows there are 409.60 million shares.

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The 79.43% of Playtika Holding Corp.’s shares are in the hands of company insiders while institutional holders own 19.30% of the company’s shares. Also important is the data on short interest which shows that short shares stood at 11.89 million on May 27, 2021, giving us a short ratio of 14.95. The data shows that as of May 27, 2021 short interest in Playtika Holding Corp. (PLTK) stood at 2.90% of shares outstanding, with shares short rising to 10.79 million registered in Apr 29, 2021. Current price change has pushed the stock -13.35% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the PLTK stock continues to rise going into the next quarter.

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