Park Hotels & Resorts Inc (NYSE: PK) on November 20, 2023, started off the session at the price of $14.30, soaring 1.89% from the previous trading day. During the day, the shares moved up to $14.56 and dropped to $14.225 before settling in for the closing price of $14.29. Within the past 52 weeks, PK’s price has moved between $10.70 and $15.38.
It was noted that within the last five years, the titan of the Real Estate sector saw sales topped by 15.08%. The company achieved an average annual earnings per share of -141.78%. With a float of $204.90 million, this company’s outstanding shares have now reached $224.06 million.
The extent of productivity of a business whose workforce counts for 91 workers is very important to gauge. In terms of profitability, gross margin is +16.95, operating margin of +11.32, and the pretax margin is +6.92.
Park Hotels & Resorts Inc (PK) Insider Updates
Observing investor behavior towards REIT – Hotel & Motel industry stocks is more important than anything else. The insider ownership of Park Hotels & Resorts Inc is 2.42%, while institutional ownership is 95.32%. The most recent insider transaction that took place on Sep 14, was worth 179,656. In this transaction Director of this company sold 14,000 shares at a rate of $12.83, taking the stock ownership to the 31,777 shares. Before that another transaction happened on Dec 16, when Company’s Director sold 3,000 for $11.86, making the entire transaction worth $35,565. This insider now owns 33,604 shares in total.
Park Hotels & Resorts Inc (PK) Performance Highlights and Predictions
As on 9/29/2023, Multinational firm has announced its last quarter scores, in which it reported $0.13 earnings per share (EPS) for the period topping the consensus outlook (set at $0.09) by $0.04. This company achieved a net margin of +6.48 while generating a return on equity of 3.69. Wall Street market experts anticipate that the next fiscal year will bring earnings of 0.08 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around -141.78% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 8.00% during the next five years compared to -43.40% drop over the previous five years of trading.
Park Hotels & Resorts Inc (NYSE: PK) Trading Performance Indicators
Park Hotels & Resorts Inc (PK) is currently performing well based on its current performance indicators. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 1.13. Likewise, its price to free cash flow for the trailing twelve months is 15.36.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -0.27, a number that is poised to hit 0.15 in the next quarter and is forecasted to reach 0.65 in one year’s time.
Technical Analysis of Park Hotels & Resorts Inc (PK)
The latest stats from [Park Hotels & Resorts Inc, PK] show that its last 5-days average volume of 3.35 million was superior to 3.25 million than last year’s volume. As of the previous 9 days, the stock’s Stochastic %D was 94.70%. Additionally, its Average True Range was 0.44.
During the past 100 days, Park Hotels & Resorts Inc’s (PK) raw stochastic average was set at 100.00%, which indicates a significant increase from 100.00% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 57.84% in the past 14 days, which was higher than the 38.43% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $12.47, while its 200-day Moving Average is $12.84. Now, the first resistance to watch is $14.67. This is followed by the second major resistance level at $14.78. The third major resistance level sits at $15.01. If the price goes on to break the first support level at $14.34, it is likely to go to the next support level at $14.11. Assuming the price breaks the second support level, the third support level stands at $14.00.
Park Hotels & Resorts Inc (NYSE: PK) Key Stats
Market capitalization of the company is 3.06 billion based on 209,984K outstanding shares. Right now, sales total 2,501 M and income totals 162,000 K. The company made 679,000 K in profit during its latest quarter, and 27,000 K in sales during its previous quarter.