In last trading session, Party City Holdco Inc. (NYSE:PRTY) saw 2.16 million shares changing hands with its beta currently measuring 3.63. Company’s recent per share price level of $5.91 trading at -$0.16 or -2.64% at ring of the bell on the day assigns it a market valuation of $679.89M. That closing price of PRTY’s stock is at a discount of -87.14% from its 52-week high price of $11.06 and is indicating a premium of 17.94% from its 52-week low price of $4.85. Taking a look at company’s average trading volume of 2.89 million if we extend that period to 3-months.
For Party City Holdco Inc. (PRTY), analysts’ consensus is at an average recommendation of a Hold while assigning it a mean rating of 3.00. Splitting up the data highlights that, out of 2 analysts covering the stock, 0 rated the stock as a Sell while 0 recommended an Overweight rating for the stock. 2 suggested the stock as a Hold whereas 0 see the stock as a Buy. 0 analyst(s) advised it as an Underweight. The company is expected to be making an EPS of $0.41 in the current quarter.
Party City Holdco Inc. (NYSE:PRTY) trade information
Upright in the red during last session for losing -2.64%, in the last five days PRTY remained trading in the red while hitting it’s week-highest on Friday, 01/07/22 when the stock touched $5.91 price level, adding 11.39% to its value on the day. Party City Holdco Inc.’s shares saw a change of 6.10% in year-to-date performance and have moved -9.77% in past 5-day. Party City Holdco Inc. (NYSE:PRTY) showed a performance of 6.29% in past 30-days.
Wall Street analysts have assigned a consensus price target of $9.00 to the stock, which implies a rise of 34.33% to its current value. Analysts have been projecting $9.00 as a low price target for the stock while placing it at a high target of $9.00. It follows that stock’s current price would drop -52.28% in reaching the projected high whereas dropping to the targeted low would mean a loss of -52.28% for stock’s current value.
Party City Holdco Inc. (PRTY) estimates and forecasts
Statistics highlight that Party City Holdco Inc. is scoring comparatively higher than the scores of other players of the relevant industry. The company lost -28.45% of value to its shares in past 6 months, showing an annual growth rate of 242.86% while that of industry is 10.50. Apart from that, the company came raising its revenue forecast for fiscal year 2022. The company is estimating its revenue growth to increase by 64.00% in the current quarter and calculating 100.00% increase in the next quarter. This year revenue growth is estimated to rise 17.70% from the last financial year’s standing.
2 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of $705.4 million for the same.
Weighing up company’s earnings over the past 5-year and in the next 5-year periods, we find the company posting an annual earnings growth rate of -4.02% during past 5 years. In 2022, company’s earnings growth rate is likely to be around 8.20% while estimates for its earnings growth in next 5 years are of 12.58%.
Party City Holdco Inc. is more likely to be releasing its next quarterly report between March 09 and March 14 and investors are confident in the company announcing better current-quarter dividends despite the fact that it has been facing issues arising out of mounting debt.
Party City Holdco Inc. (NYSE:PRTY)’s Major holders
Insiders are in possession of 5.52% of company’s total shares while institution are holding 74.77 percent of that, with stock having share float percentage of 79.14%. Investors also watch the number of corporate investors in a company very closely, which is 74.77% institutions for Party City Holdco Inc. that are currently holding shares of the company. CAS Investment Partners, LLC is the top institutional holder at PRTY for having 15.99 million shares of worth $113.51 million. And as of Sep 29, 2021, it was holding 14.25% of the company’s outstanding shares.
The second largest institutional holder is Morgan Stanley, which was holding about 8.78 million shares on Sep 29, 2021. The number of shares represents firm’s hold over 7.83% of outstanding shares, having a total worth of $62.37 million.
On the other hand, Morgan Stanley Inst Fund Inc-Inception Port and Vanguard Total Stock Market Index Fund are the top two Mutual Funds which own company’s shares. As of Sep 29, 2021, the former fund manager was holding 5.15 million shares of worth $36.6 million or 4.59% of the total outstanding shares. The later fund manager was in possession of 2.9 million shares on Sep 29, 2021, making its stake of worth around $20.57 million in the company or a holder of 2.58% of company’s stock.