Thursday, September 21

A Stock You Should Be Looking At: Party City Holdco Inc. (NYSE:PRTY)

After closing at $2.41 in the most recent trading day, Party City Holdco Inc. (NYSE: PRTY) closed at 2.56, up 6.22%. In other words, the price has increased by $+0.1500 from its previous closing price. On the day, 8505814 shares were traded. PRTY reached its highest trading level at $2.6200 during the session, while it also had its lowest trading level at $2.3250.

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Our goal is to gain a better understanding of PRTY by taking a closer look at its different ratios. For the most recent quarter (mrq), Quick Ratio is recorded 0.50 and its Current Ratio is at 1.30. In the meantime, Its Debt-to-Equity ratio is 7.18 whereas as Long-Term Debt/Eq ratio is at 6.12.

Upgrades & Downgrades

In addition, analysts’ ratings and any changes thereto give investors an idea of ​​the stock’s future direction. In the most recent recommendation for this company, Telsey Advisory Group on March 13, 2020, Reiterated its Market Perform rating but revised its target price to $1 from $3 previously.

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On March 13, 2020, Stephens Downgraded its rating to Equal-Weight which previously was Overweight and also lowered its target price recommendation from $8 to $2.

Telsey Advisory Group Downgraded its Outperform to Market Perform on November 08, 2019, whereas the target price for the stock was revised from $9 to $2.50.

Insider Transactions:

The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. A recent insider transaction in this stock occurred on May 09 when SOSIN CLIFFORD sold 444,375 shares for $1.45 per share. The transaction valued at 642,566 led to the insider holding 19,557,248 shares of the business.

SOSIN CLIFFORD bought 470,000 shares of PRTY for $1,627,939 on Apr 08. The 10% Owner now owns 20,001,623 shares after completing the transaction at $3.46 per share. On Apr 07, another insider, SOSIN CLIFFORD, who serves as the 10% Owner of the company, bought 317,500 shares for $3.31 each. As a result, the insider paid 1,051,179 and bolstered with 19,531,623 shares of the company.

Valuation Measures:

As of this moment, Party’s Price-to-Earnings (P/E) ratio for their current fiscal year is 2.63, and their Forward P/E ratio for the next fiscal year is 6.10. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 0.21. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.13 while its Price-to-Book (P/B) ratio in mrq is 1.33.

Stock Price History:

Over the past 52 weeks, PRTY has reached a high of $9.21, while it has fallen to a 52-week low of $1.04. The 50-Day Moving Average of the stock is 1.5926, while the 200-Day Moving Average is calculated to be 3.2452.

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Share Statistics:

The stock has traded on average 5.97M shares per day over the past 3-months and 8.5M shares per day over the last 10 days, according to various share statistics. A total of 114.60M shares are outstanding, with a floating share count of 109.69M. Insiders hold about 5.30% of the company’s shares, while institutions hold 70.50% stake in the company. Shares short for PRTY as of Jul 14, 2022 were 9.64M with a Short Ratio of 1.51, compared to 12.3M on Jun 14, 2022. Therefore, it implies a Short% of Shares Outstanding of 8.57% and a Short% of Float of 16.55%.

Earnings Estimates

Its stock is currently analyzed by 1 different market analysts. On average, analysts expect EPS of $0.06 for the current quarter, with a high estimate of $0.06 and a low estimate of $0.06, while EPS last year was $0.29. The consensus estimate for the next quarter is $0.07, with high estimates of $0.07 and low estimates of $0.07.

Analysts are recommending an EPS of between $0.43 and $0.43 for the current fiscal year, implying an average EPS of $0.43. EPS for the following year is $0.84, with 1 analysts recommending between $0.84 and $0.84.

Revenue Estimates

1 analysts predict $529.4M in revenue for the current quarter. It ranges from a high estimate of $529.4M to a low estimate of $529.4M. As of the current estimate, Party City Holdco Inc.’s year-ago sales were $483.05M, an estimated increase of 9.60% from the year-ago figure.

A total of 1 analysts have provided revenue estimates for PRTY’s current fiscal year. The highest revenue estimate was $2.24B, while the lowest revenue estimate was $2.24B, resulting in an average revenue estimate of $2.24B. In the same quarter a year ago, actual revenue was $2.17B, up 3.30% from the average estimate. Based on 1 analysts’ estimates, the company’s revenue will be $2.32B in the next fiscal year. The high estimate is $2.32B and the low estimate is $2.32B. The average revenue growth estimate for next year is up 3.60% from the average revenue estimate for this year.

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