Do Park Hotels & Resorts Inc. (PK) beta value of 1.86 signposts another twist?

Let’s start up with the current stock price of Park Hotels & Resorts Inc. (PK), which is $11.40 to be very precise. The Stock rose vividly during the last session to $11.60 after opening rate of $11.01 while the lowest price it went was recorded $10.89 before closing at $11.16.

Recently in News on September 15, 2020, Park Hotels & Resorts Inc. Announces Upsizing and Pricing of Senior Secured Notes Offering. Park Hotels & Resorts Inc. (“Park” or the “Company”) (NYSE: PK) announced today that certain of its subsidiaries, Park Intermediate Holdings LLC (the “Operating Company”), PK Domestic Property LLC (“PK Domestic LLC”) and PK Finance Co-Issuer Inc. (together with the Operating Company and PK Domestic LLC, the “Issuers”), priced an offering of $725 million aggregate principal amount of 5.875% senior secured notes due 2028 (the “Notes”) at a price equal to 100% of face value. The Notes will pay interest semi-annually in arrears, at a rate of 5.875% per year, and will mature on October 1, 2028. The Notes will be guaranteed by Park and certain subsidiaries of the Operating Company that guarantee the Company’s senior credit facilities and existing senior secured notes due 2025. The Notes will be secured, subject to permitted liens, by a first priority security interest in all of the capital stock of certain wholly owned subsidiaries of certain of the guarantors and PK Domestic LLC, which collateral also secures the obligations under the Company’s senior credit facilities and existing senior secured notes due 2025 on a first priority basis. You can read further details here

Park Hotels & Resorts Inc. had a pretty Dodgy run when it comes to the market performance. The 1-year high price for the company’s stock is recorded $26.01 on 01/02/20, with the lowest value was $3.99 for the same time period, recorded on 03/18/20.

Park Hotels & Resorts Inc. (PK) full year performance was -57.26%

Price records that include history of low and high prices in the period of 52 weeks can tell a lot about the stock’s existing status and the future performance. Presently, Park Hotels & Resorts Inc. shares are logging -57.11% during the 52-week period from high price, and 185.71% higher than the lowest price point for the same timeframe. The stock’s price range for the 52-week period managed to maintain the performance between $3.99 and $26.58.

The company’s shares, operating in the sector of Real Estate managed to top a trading volume set approximately around 2622650 for the day, which was evidently lower, when compared to the average daily volumes of the shares.

When it comes to the year-to-date metrics, the Park Hotels & Resorts Inc. (PK) recorded performance in the market was -56.86%, having the revenues showcasing -6.22% on a quarterly basis in comparison with the same period year before. At the time of this writing, the total market value of the company is set at 2.66B, as it employees total of 488 workers.

Specialists analysis on Park Hotels & Resorts Inc. (PK)

During the last month, 0 analysts gave the Park Hotels & Resorts Inc. a BUY rating, 0 of the polled analysts branded the stock as an OVERWEIGHT, 0 analysts were recommending to HOLD this stock, 0 of them gave the stock UNDERWEIGHT rating, and 0 of the polled analysts provided SELL rating.

According to the data provided on Barchart.com, the moving average of the company in the 100-day period was set at 9.66, with a change in the price was noted +4.06. In a similar fashion, Park Hotels & Resorts Inc. posted a movement of +54.79% for the period of last 100 days, recording 7,813,543 in trading volumes.

Total Debt to Equity Ratio (D/E) can also provide valuable insight into the company’s financial health and market status. The debt to equity ratio can be calculated by dividing the present total liabilities of a company by shareholders’ equity. Debt to Equity thus makes a valuable metrics that describes the debt, company is using in order to support assets, correlating with the value of shareholders’ equity The total Debt to Equity ratio for PK is recording 0.95 at the time of this writing. In addition, long term Debt to Equity ratio is set at 0.95.

Trends and Technical analysis: Park Hotels & Resorts Inc. (PK)

Raw Stochastic average of Park Hotels & Resorts Inc. in the period of last 50 days is set at 96.44%. The result represents improvement in oppose to Raw Stochastic average for the period of the last 20 days, recording 95.91%. In the last 20 days, the company’s Stochastic %K was 94.03% and its Stochastic %D was recorded 86.50%.

Now, considering the stocks previous presentation, multiple moving trends are noted. Year-to-date Price performance of the company’s stock appears to be encouraging, given the fact the metric is recording -56.86%. Additionally, trading for the stock in the period of the last six months notably improved by 82.65%, alongside a downfall of -57.26% for the period of the last 12 months. The shares increased approximately by 6.69% in the 7-day charts and went down by 17.97% in the period of the last 30 days. Common stock shares were lifted by -6.22% during last recorded quarter.