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Friday, September 29, 2023

There’s No Getting Around Playtika Holding Corp. (NASDAQ: PLTK) Success

After Hours

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. 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 -0.20%, to $10.00. The Playtika Holding Corp. has recorded 15,351 volume in the after hours trading session. Yahoo Finance discussed the stock recently as it posted Playtika Holding Corp. Reports Q2 2023 Financial Results.

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Stocks Info

PLTK belongs to the Communication Services sector of the NASDAQ while operating in the Electronic Gaming & Multimedia industry. The current market capitalization of Playtika Holding Corp. is $3.68B. A total of 1.03 million shares were traded on the day, compared to an average of 1.18M shares.

Insider Activity

Investors also take into account insider trades in predicting how the stock will perform in the future. During the recent three months, PLTK has seen 1 BUY and 6 SELL insider trades, representing the acquisition of 0 and the disposition of 632,789 shares. Over the last 12 months, there were 23 BUYs and 23 SELLs from insiders. Insiders purchased 2,399,702 shares during that period but sold 108,490,164.

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.

While price targets are rarely accurate, they tend to exert some kind of influence from time to time and are often taken into account by investors. 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

An organization’s balance sheet depicts the assets and liabilities it has, as well as the amount of equity invested. Investors can measure a company’s prospects by calculating its financial ratios using 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

There is a slight risk associated with trading before and after the market open. Due to lower liquidity and higher volatility, extended-hours trading may result in wider spreads on particular security due to the release of critical financial information after regular trading hours. 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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