In last trading session, Playtika Holding Corp (NASDAQ:PLTK) saw 1.21 million shares changing hands with its beta currently measuring 0.84. Company’s recent per share price level of $6.91 trading at -$0.08 or -1.14% at ring of the bell on the day assigns it a market valuation of $2.56B. That closing price of PLTK’s stock is at a discount of -86.69% from its 52-week high price of $12.90 and is indicating a premium of 9.55% from its 52-week low price of $6.25. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 1.21 million shares which gives us an average trading volume of 912.51K if we extend that period to 3-months.
Playtika Holding Corp (NASDAQ:PLTK) trade information
Upright in the red during last session for losing -1.14%, in the last five days PLTK remained trading in the red while hitting it’s week-highest on Monday, 03/18/24 when the stock touched $6.91 price level, adding 3.76% to its value on the day. Playtika Holding Corp’s shares saw a change of -20.76% in year-to-date performance and have moved -3.36% in past 5-day. Playtika Holding Corp (NASDAQ:PLTK) showed a performance of -4.69% in past 30-days. Number of shares sold short was 4.95 million shares which calculate 5.63 days to cover the short interests.
Playtika Holding Corp (PLTK) estimates and forecasts
Statistics highlight that Playtika Holding Corp is scoring comparatively lower than the scores of other players of the relevant industry. The company lost -29.78% of value to its shares in past 6 months, showing an annual growth rate of 9.38% while that of industry is 11.70. Apart from that, the company came raising its revenue forecast for fiscal year 2024. The company is estimating its revenue growth to decrease by -30.40% in the current quarter and calculating -23.80% decrease in the next quarter. This year revenue growth is estimated to rise 0.20% from the last financial year’s standing.
10 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of $641.59 million for the same. And 10 analysts are in estimates of company making revenue of $641.5 million in the next quarter that will end on Jun 2024. Company posted $656.2 million and $651.3 million of sales in current and next quarters respectively a year earlier. Analysts are expecting this quarter sales to shrink by -2.20% while estimating it to be -1.50% for the next quarter.
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 -4.91% during past 5 years. In 2024, company’s earnings growth rate is likely to be around 3.51% while estimates for its earnings growth in next 5 years are of 8.90%.
PLTK Dividends
Playtika Holding Corp is more likely to be releasing its next quarterly report between May 02 and May 06 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.
Playtika Holding Corp (NASDAQ:PLTK)’s Major holders
Insiders are in possession of 85.83% of company’s total shares while institution are holding 13.92 percent of that, with stock having share float percentage of 98.22%. Investors also watch the number of corporate investors in a company very closely, which is 13.92% institutions for Playtika Holding Corp that are currently holding shares of the company. Lsv Asset Management is the top institutional holder at PLTK for having 7.5 million shares of worth $51.83 million. And as of Dec 30, 2023, it was holding 2.02% of the company’s outstanding shares.
The second largest institutional holder is AQR Capital Management, LLC, which was holding about 5.13 million shares on Dec 30, 2023. The number of shares represents firm’s hold over 1.38% of outstanding shares, having a total worth of $35.46 million.
On the other hand, Pacer U.S. Cash Cows 100 ETF and John Hancock Small Cap Core Fd are the top two Mutual Funds which own company’s shares. As of Oct 30, 2023, the former fund manager was holding 3.33 million shares of worth $23.02 million or 0.90% of the total outstanding shares. The later fund manager was in possession of 2.18 million shares on Jan 30, 2024, making its stake of worth around $15.05 million in the company or a holder of 0.59% of company’s stock.
