Park Hotels & Resorts Inc (NYSE:PK) shares, rose in value, with the stock price up by 1.58% to the previous day’s close as strong demand from buyers drove the stock to $17.39.
Actively observing the price movement in the last trading, the stock closed the session at $17.12. The value of beta (5-year monthly) was 2.02 whereas the PE ratio was 37.80 over 12-month period. Referring to stock’s 52-week performance, its high was $18.05, and the low was $10.06. On the whole, PK has fluctuated by 0.40% over the past month.
With the market capitalization of Park Hotels & Resorts Inc currently standing at about $3.66 billion, investors are eagerly awaiting this quarter’s results, scheduled for Apr 30, 2024. The company’s Forward Dividend Ratio is 0.67, with its dividend yield at 3.87%. As a result, investors might want to see an improvement in the stock’s price before the company announces its earnings report. Analysts are projecting the company’s earnings per share (EPS) to be $0.09, which is expected to increase to $0.29 for fiscal year $0.68 and then to about $0.84 by fiscal year 2025. Data indicates that the EPS growth is expected to be 51.10% in 2025, while the next year’s EPS growth is forecast to be 23.50%.
Analysts have estimated the company’s revenue for the quarter at $629.86 million, with a low estimate of $581 million and a high estimate of $643.3 million. According to the average forecast, sales growth in current quarter could jump down -2.80%, compared to the corresponding quarter of last year.
Revisions could be a useful indicator to get insight on short-term price movement; so for the company, there were no upward and no downward review(s) in last seven days. We see that PK’s technical picture suggests that short-term indicators denote the stock is a 100% Buy on average. However, medium term indicators have put the stock in the category of 100% Buy while long term indicators on average have been pointing out that it is a 100% Buy.
The stock’s technical analysis shows that the PEG ratio is about 4.73, with the price of PK currently trading nearly 0.31% and 6.23% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 56.95, while the 7-day volatility ratio is showing 2.13% which for the 30-day chart, stands at 1.95%. Furthermore, Park Hotels & Resorts Inc (PK)’s beta value is 2.04, and its average true range (ATR) is 0.38.
A comparison of Park Hotels & Resorts Inc (PK) with its peers suggests the former has fared considerably weaker in the market. PK showed an intraday change of 1.58% in last session, and over the past year, it grew by 56.98%%.
Data on historical trading for Park Hotels & Resorts Inc (NYSE:PK) indicates that the trading volumes over the past 10 days have averaged 2.17 million and over the past 3 months, they’ve averaged 2.84 million. According to company’s latest data on outstanding shares, there are 209.99 million shares outstanding.
Nearly 2.65% of Park Hotels & Resorts Inc’s shares belong to company insiders and institutional investors own 93.24% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 13.92 million shares as on Mar 15, 2024, resulting in a short ratio of 4.62. According to the data, the short interest in Park Hotels & Resorts Inc (PK) stood at 6.61% of shares outstanding as of Mar 15, 2024; the number of short shares registered in Feb 15, 2024 reached 18.12 million. The stock has risen by 13.66% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the PK stock heading into the next quarter.
