Park Hotels & Resorts Inc (NYSE:PK) shares, rose in value on Wednesday, January 22, with the stock price down by -0.22% to the previous day’s close as strong demand from buyers drove the stock to $13.73.
Actively observing the price movement in the last trading, the stock closed the session at $13.76, falling within a range of $13.6 and $13.78. The value of beta (5-year monthly) was 2.02 whereas the PE ratio was 8.71 over 12-month period. Referring to stock’s 52-week performance, its high was $17.56, and the low was $12.88. On the whole, PK has fluctuated by -2.06% over the past month.
With the market capitalization of Park Hotels & Resorts Inc currently standing at about $2.83 billion, investors are eagerly awaiting this quarter’s results, scheduled for in February. The company’s Forward Dividend Ratio is 1.00, with its dividend yield at 7.28%.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 2.58B, with a low estimate of 571.98M and a high estimate of 640M. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 608.49M.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that PK’s technical picture suggests that short-term indicators denote the stock is a 100% Sell on average. However, medium-term indicators have put the stock in the category of Hold while long-term indicators on average have been pointing out that it is a 100% Sell.
The stock’s technical analysis shows that the PEG ratio is about 2.95, with the price of PK currently trading nearly -1.91% and -4.87% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 41.96, while the 7-day volatility ratio is showing 1.92% which for the 30-day chart, stands at 2.39%. Furthermore, Park Hotels & Resorts Inc (PK)’s beta value is 2.02, and its average true range (ATR) is 0.35.
A comparison of Park Hotels & Resorts Inc (PK) with its peers suggests the former has fared considerably weaker in the market. PK showed an intraday change of -0.22% in last session, and over the past year, it shrunk by -14.36%%.
Data on historical trading for Park Hotels & Resorts Inc (NYSE:PK) indicates that the trading volumes over the past 10 days have averaged 3.09 and over the past 3 months, they’ve averaged 3.40 million. According to company’s latest data on outstanding shares, there are 206.40 million shares outstanding.
Nearly 2.58% of Park Hotels & Resorts Inc’s shares belong to company insiders and institutional investors own 97.35% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 20.13 million shares as on 2024-12-31, resulting in a short ratio of 5.49. According to the data, the short interest in Park Hotels & Resorts Inc (PK) stood at 1424.00 of shares outstanding as of 2024-12-31; the number of short shares registered in 2024-11-29 reached 20.26 million. The stock has fallen by -2.42% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the PK stock heading into the next quarter.
