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Playtika Holding Corp. (PLTK) Volatility At 2.92%, Should You Add A Position?

33 institutions hold shares in Playtika Holding Corp. (PLTK), with 328.78M shares held by insiders accounting for 80.27% while institutional investors hold 37.52% of the company’s shares. The shares outstanding are 410.05M, and float is at 405.49M with Short Float at 2.56%. Institutions hold 7.40% of the Float.

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The top institutional shareholder in the company is Simplex Trading, LLC with over 21399.0 shares valued at $0.58 million. The investor’s holdings represent 0.01% of the PLTK Shares outstanding.

Playtika Holding Corp. (NASDAQ: PLTK) is -10.47% lower on its value in year-to-date trading and has touched a low of $24.41 and a high of $36.06 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The PLTK stock was last observed hovering at around $28.78 in the last trading session, with the day’s loss setting it -0.47% off its average median price target of $38.00 for the next 12 months. It is also 32.6% off the consensus price target high of $42.00 offered by 11 analysts, but current levels are 11.53% higher than the price target low of $32.00 for the same period.

Currently trading at $28.31, the stock is 4.66% and 2.05% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.28 million and changing -1.63% at the moment leaves the stock -1.63% off its SMA200. The firm has a 50-day simple moving average (SMA 50) of $26.70 and a 200-day simple moving average (SMA200) of $28.74.

The stock witnessed a 5.56% In the last 1 month and extending the period to 3 months gives it a -2.98%, and is 1.83% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 2.92% over the week and 3.81% over the month.

Playtika Holding Corp. (PLTK) has around 3800 employees, a market worth around $11.61B and $2.37B in sales. Current P/E ratio is 99.68 and Fwd P/E is 26.86. Profit margin for the company is 3.90%. Distance from 52-week low is 15.97% and -21.49% from its 52-week high. The company has generated returns on investments over the last 12 months (26.60%).

Playtika Holding Corp. (PLTK) Analyst Forecasts

Analyst recommendations provided by FactSet shows that the consensus forecast for Playtika Holding Corp. (PLTK) is a “Buy”. 11 analysts offering their recommendations for the stock have an average rating of 1.90, where 2 rate it as a Hold and 1 think it is a “Overweight”. 8 of the analysts rate the stock as a “Buy”. 0 analysts have rated the stock as a Sell or Underperform.

Playtika Holding Corp. quarterly earnings per share for the current quarter are estimated at $0.15 with sales reaching $580.17M over the same period.The EPS is expected to shrink by -66.10% this year, but quarterly earnings will post 4.00% year-over-year.

Playtika Holding Corp. (PLTK) Insider Activity

The most recent transaction is an insider sale by Alpha Frontier Ltd, the company’s 10% Owner. SEC filings show that Alpha Frontier Ltd sold 61,406,500 shares of the company’s common stock on Jan 20 at a price of $27.00 per share for a total of $1.66 billion. Following the sale, the insider now owns 316.59 million shares.

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