Chinese mobile games developer Playtika completed its initial public offering, the largest of 2021 so far, raising $1.88 billion after selling 69.5 million shares at $27 each, well above the $22 to $24 price range.
Only you can make the decision on the time to leap... but here's some supporting information and analysis.
Over the last 12 months, Playtika's shares have ranged in value from as little as $6.162 up to $12.7134. A popular way to gauge a stock's volatility is its "beta".
Beta is a measure of a share's volatility in relation to the market. The market (NASDAQ average) beta is 1, while Playtika's is 0.842. This would suggest that Playtika's shares are less volatile than average (for this exchange).
Historical closes compared with the last close of $7.12
| 1 week (2024-04-17) | 3.49% |
|---|---|
| 1 month (2024-03-24) | 4.86% |
| 3 months (2024-01-24) | -6.07% |
| 6 months (2023-10-24) | -16.43% |
| 1 year (2023-04-24) | -35.86% |
| 2 years (2022-04-24) | -60.27% |
| 3 years (2021-04-22) | -74.36% |
The gauge below shows real-time ratings that are based on 26 popular indicators such as moving averages, for specific time periods. It's not a recommendation but is simply technical analysis that can form part of your research.
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Valuing a stock is incredibly difficult, and any metric has to be viewed as part of a bigger picture of overall performance. However, analysts commonly use some key metrics to help gauge value. Check out the Playtika P/E ratio, PEG ratio and EBITDA
Playtika's current stock price divided by its per-share earnings (EPS) over a 12-month period gives a "trailing price/earnings ratio" of roughly 11x. In other words, Playtika stocks trade at around 11x recent earnings.
That's relatively low compared to, say, the trailing 12-month P/E ratio for the United States stock markets on average as of November 09, 2023 (20.44). The low P/E ratio could mean that investors are pessimistic about the outlook for the shares or simply that they're under-valued.
However, Playtika's P/E ratio is best considered in relation to those of others within the industry or those of similar companies.
Playtika's EBITDA (earnings before interest, taxes, depreciation and amortisation) is $688.9 million.
The EBITDA is a measure of a Playtika's overall financial performance and is widely used to measure a its profitability.
To put that into context you can compare it against similar companies.
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