Park Hotels & Resorts Inc. (NYSE: PK) on June 23, 2022, started off the session at the price of $13.62, plunging -1.60% from the previous trading day. During the day, the shares moved up to $13.67 and dropped to $13.09 before settling in for the closing price of $13.71. Within the past 52 weeks, PK’s price has moved between $13.69 and $21.77.
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A company in the Real Estate sector has dropped its sales by -13.00% annually for the last half of the decade. The company achieved an average annual earnings per share of 68.10%. With a float of $230.74 million, this company’s outstanding shares have now reached $235.00 million.
In an organization with 80 employees, it is important to assess its efficiency.
Park Hotels & Resorts Inc. (PK) Insider and Institutional Ownership
Observing investor behavior towards REIT – Hotel & Motel industry stocks is more important than anything else. The insider ownership of Park Hotels & Resorts Inc. is 1.10%, while institutional ownership is 93.60%. The most recent insider transaction that took place on Jun 14, was worth 151,250. In this transaction Director of this company bought 10,000 shares at a rate of $15.12, taking the stock ownership to the 96,637 shares. Before that another transaction happened on Jun 14, when Company’s Director sold 5,000 for $15.34, making the entire transaction worth $76,702. This insider now owns 36,604 shares in total.
Park Hotels & Resorts Inc. (PK) Latest Financial update
As on 3/30/2022, Multinational firm has announced its last quarter scores, in which it reported -$0.24 earnings per share (EPS) for the period topping the consensus outlook (set at -$0.28) by $0.04. Wall Street market experts anticipate that the next fiscal year will bring earnings of 0.17 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 68.10% per share during the next fiscal year.
Park Hotels & Resorts Inc. (NYSE: PK) Trading Performance Indicators
Park Hotels & Resorts Inc. (PK) is currently performing well based on its current performance indicators. A price to sales ratio for the trailing twelve months stands at 1.86.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -1.38, a number that is poised to hit 0.13 in the next quarter and is forecasted to reach 0.95 in one year’s time.
Technical Analysis of Park Hotels & Resorts Inc. (PK)
Let’s dig in a bit further. During the last 5-days, its volume was 6.23 million. That was better than the volume of 3.55 million it reported in year-ago period. As of the previous 9 days, the stock’s Stochastic %D was 5.66%. Additionally, its Average True Range was 0.83.
During the past 100 days, Park Hotels & Resorts Inc.’s (PK) raw stochastic average was set at 5.34%, which indicates a significant decrease from 6.27% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 65.12% in the past 14 days, which was higher than the 54.72% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $17.96, while its 200-day Moving Average is $18.62. However, in the short run, Park Hotels & Resorts Inc.’s stock first resistance to watch stands at $13.74. Second resistance stands at $14.00. The third major resistance level sits at $14.32. If the price goes on to break the first support level at $13.16, it is likely to go to the next support level at $12.84. The third support level lies at $12.58 if the price breaches the second support level.
Park Hotels & Resorts Inc. (NYSE: PK) Key Stats
Market capitalization of the company is 3.12 billion based on 233,370K outstanding shares. Right now, sales total 1,362 M and income totals -459,000 K. The company made 479,000 K in profit during its latest quarter, and -57,000 K in sales during its previous quarter.