Telsey Advisory Group lowered the price target for the Party City Holdco Inc. (NYSE:PRTY) stock to “a Market perform”. The rating was released on March 13, 2020. We previously noted in another research note published on March 13, 2020 by Stephens that downgraded the stock from an Overweight to an Equal-weight with a price target of $2 for PRTY stock. The research report from Telsey Advisory Group has downgraded the stock from Outperform to Market Perform, with a price target set at $2.50. In their research brief published July 24, 2019, Goldman analysts upgraded the Party City Holdco Inc. stock from Neutral to Buy with a price target of $8.
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The latest trade, Performances and Moving Averages give us the following Picture
The share price of Party City Holdco Inc. (NYSE:PRTY) dipped -9.50% to close Wednesday’s market session at $7.81, lower as compared to yesterday’s close. The stock price fluctuated between $7.79 and $8.515 throughout the trading session with the volume trading being 4561749 shares, which represented a significant variation when compared to the three months average volume of 2.75 million shares. The firm’s stock price fluctuated -9.40% within the last five trades and -15.84% within the last 30 trades, which was a significant change from the beginning of this year. Despite the fact that the share price increased 7.13% in the last 6 months and 5.11% was added to its value over the previous 3 months. PRTY stock is trading at a margin of -9.68%, -14.50% and 13.29% apart from the 20-Day, 50-Day and 200-Day Simple Moving Average prices.
As of the close of trading, PRTY deals in the Consumer Cyclical domain. The stock is trading -29.39 percent below its 52-week high and 388.12 percent above its 52-week low. For example, looking both at the price and the high and low measurements of 52 weeks will give you a clearer picture of the direction the price is heading. The firm’s Weighted Alpha is 100.51. A positive weighted alpha indicates the firm has done well over the course of the year, whereas one below 0 indicates that the firm has done poorly.
What Does Party City Holdco Inc.’s Profitability and Valuation Ratios Tell Us About the Stock?
With regard to the profitability of the company, the operating margin is currently at -14.30 percent and the profit margin is 0.00 percent, and the company has reported a gross margin of 4.00 percent. The profit margin, also known as the revenue ratio or gross profit ratio, is an efficiency figure used to estimate the business’s profitability by comparing net income and sales. The higher the number, the more profits are generated for the company and vice versa.
The stock’s market cap achieved a total value of $901.82 million as of the last trading session. Market capitalization is the total value of all outstanding shares of a corporation and it is used to measure a company’s market value. The price-to-earnings ratio is a method of assessing corporate values by comparing them to their per-share profit. Forward P/E stands at 9.35. Forward price-to-earnings is calculated using predicted earnings for the next financial year’s P/E determination. The stock has achieved an effective Price-to-Sales Ratio of 0.48 that mirrors the cost to be found for sales by the market. The firm managed a Price-to-Book ratio of 11.49, which equates the market value of a stock with its book value.
Is Insider Trading a Real Thing?
Almost all investors and traders prefer to invest in shares controlled by the management of a corporation as a management company will be more likely to run the business itself and to never conduct things against the management’s desires and will always try to do what is best for their shareholders. Currently, 0.90 percent of Party City Holdco Inc. shares are owned by insiders, and 71.80 percent are held by financial institutions. HARRISON JAMES M, the Director at Party City Holdco Inc. (PRTY) has sold 65,000 shares of firm on Jun 09 at a price of $10.43 against the total amount of $0.68 million. In another inside trade, HARRISON JAMES M, Director of Party City Holdco Inc. (NYSE:PRTY) sold 15,000 shares of the firm on May 27 for a total worth of $0.14 million at a price of $9.03. An inside trade which took place on May 26, Director of Party City Holdco Inc. HARRISON JAMES M sold 50,000 shares of firm against total price of $0.45 million at the cost of $9.04 per share.