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Tuesday, September 26, 2023

Insights Into Playtika Holding Corp. (PLTK) Exposure By Institutions

After Hours

It may be riskier to trade before market opening and after market closing than during regular market hours. Since issuers often announce critical financial information outside regular trading hours. Extended-hours trading may result in wider spreads for particular securities due to lower liquidity and higher volatility. After-hours trades for Playtika Holding Corp. (PLTK) shows that investor sentiment remained broken, with the stock’s consolidated last price falling by -$0.02, or -0.21%, to $9.67. The Playtika Holding Corp. has recorded 115,941 volume in the after hours trading session. Most recently, Yahoo Finance reported about the stock as it publicized that Playtika Holding Corp. Reports Q2 2023 Financial Results.

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Stocks Info

Playtika Holding Corp. is listed on the NASDAQ in the Communication Services sector while operating in the Electronic Gaming & Multimedia industry. At the end of the last regular session, the stock closed at $9.69 and fluctuated between $9.90 as its day high and $9.67 as its day low. The current market capitalization of Playtika Holding Corp. is $3.52B. A total of 0.91 million shares were traded on the day, compared to an average of 1.20M shares.

Insider Activity

Insider trades are also considered as indicators of how a stock will perform in the future, in addition to stock predictions. During the recent three months, PLTK has seen 1 BUY and 7 SELL insider trades, representing the acquisition of 0 and the disposition of 932,789 shares. Over the last 12 months, there were 23 BUYs and 24 SELLs from insiders. Insiders purchased 2,399,702 shares during that period but sold 108,790,164.

In the most recent transaction, Chau On sold 400,000 shares of PLTK for 11.89 per share on Jul 28. After the transaction, the 10% Owner now owns 79,910,506 company shares. In a previous transaction on Jul 27, Chau On sold 300,000 shares at 12.26 per share. PLTK shares that 10% Owner owns now total 80,310,506.

Among the insiders who sold shares, Chau On disposed of 200,000 shares on Jul 26 at a per-share price of $12.23. This resulted in the 10% Owner holding 80,610,506 shares of PLTK after the transaction. In another insider transaction, Chau On sold 78,810,506 shares at $7.93 per share on Apr 26. Company shares held by the 10% Owner now total 2,000,000.

Despite rarely being accurate, price targets can exert some form of influence at times, and are often regarded as valuable by markets. According to analysts who have offered 12-month price targets for PLTK in the last 3 months, the mean price target is $13.83 with high estimates of $25.00 and low estimates of $11.00. In terms of 52-week highs and lows, PLTK has a high of $12.90 and a low of $7.81.

As of this writing, PLTK has an earnings estimate of $0.19 per share for the current quarter. EPS was calculated based on a consensus of 14 estimates, with a high estimate of $0.25 per share and a lower estimate of $0.18. The company reported an EPS of $0.23 in the last quarter, which was 21.10% higher than expectations of $0.19.

Balance Sheet Annually/Quarterly

As well as showing the assets and liabilities of the company, the balance sheet also shows the amount invested in equity by investors. Investors can analyze a company’s future prospects by calculating its financial ratios based on this information. PLTK’s latest balance sheet shows that the firm has $1.12B in Cash & Short Term Investments as of fiscal 2021. There were $2.53B in debt and $569.70M in liabilities at the time. Its Book Value Per Share was -$0.94, while its Total Shareholder’s Equity was -$377.70M.

Analysts Opinion

After-hours and pre-market trading may carry slightly higher risks than regular market hours. As issuers often announce important financial information outside regular trading hours, extended-hours trading may result in wider spreads for a particular security. That is because extended-hours trading may result in lower liquidity and higher volatility. Currently, 0 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for PLTK is Buy with a score of 3.67.

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