Market Analysts see Party City Holdco Inc. [PRTY] falling to $1. Time to buy?

Party City Holdco Inc. [NYSE: PRTY] traded at a low on 09/26/22, posting a -4.52 loss after which it closed the day’ session at $1.69. The company report on August 8, 2022 that Party City Reports Second Quarter 2022 Results and Updates 2022 Business Outlook.

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Total Net Sales of $527.4 million; Comparable Sales decreased 5.6% versus prior year and increased 12.2% versus 2019.

GAAP Net Income of $162.2 million; Adjusted EBITDA of $45.8 million.

The results of the trading session contributed to over 5979791 shares changing hands. Over the past one week, the price volatility of Party City Holdco Inc. stands at 8.51% while the volatility over the past one month is 10.69%.

The market cap for PRTY stock reached $194.21 million, with 114.60 million shares outstanding and 109.69 million shares in the current float. Compared to the average trading volume of 6.32M shares, PRTY reached a trading volume of 5979791 in the most recent trading day, which is why market watchdogs consider the stock to be active.

What do top market gurus say about Party City Holdco Inc. [PRTY]?

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for PRTY shares is $2.00 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on PRTY stock is a recommendation set at 3.00. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.

Telsey Advisory Group have made an estimate for Party City Holdco Inc. shares, keeping their opinion on the stock as Market Perform, with their previous recommendation back on March 13, 2020. While these analysts kept the previous recommendation, Stephens dropped their target price from $8 to $2. The new note on the price target was released on March 13, 2020, representing the official price target for Party City Holdco Inc. stock. Previously, the target price had yet another drop from $9 to $2.50, while Telsey Advisory Group kept a Market Perform rating on PRTY stock.

The Average True Range (ATR) for Party City Holdco Inc. is set at 0.25, with the Price to Sales ratio for PRTY stock in the period of the last 12 months amounting to 0.09. The Price to Book ratio for the last quarter was 0.88, with the Price to Cash per share for the same quarter was set at 0.34.

How has PRTY stock performed recently?

Party City Holdco Inc. [PRTY] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -13.78. With this latest performance, PRTY shares dropped by -13.78% in over the last four-week period, additionally sinking by -53.19% over the last 6 months – not to mention a drop of -78.82% in the past year of trading.

Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for PRTY stock in for the last two-week period is set at 39.18, with the RSI for the last a single of trading hit 29.35, and the three-weeks RSI is set at 44.18 for Party City Holdco Inc. [PRTY]. The present Moving Average for the last 50 days of trading for this stock 1.7472, while it was recorded at 1.7880 for the last single week of trading, and 3.0381 for the last 200 days.

Party City Holdco Inc. [PRTY]: Deeper insight into the fundamentals

Operating Margin for any stock indicates how profitable investing would be, and Party City Holdco Inc. [PRTY] shares currently have an operating margin of +4.46 and a Gross Margin at +35.38. Party City Holdco Inc.’s Net Margin is presently recorded at -0.30.

Return on Equity for this stock declined to -9.78, with Return on Assets sitting at -0.24.

Party City Holdco Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.50 and a Current Ratio set at 1.30.

Earnings analysis for Party City Holdco Inc. [PRTY]

The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for PRTY. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Party City Holdco Inc. go to 12.58%.

Insider trade positions for Party City Holdco Inc. [PRTY]

There are presently around $136 million, or 70.40% of PRTY stock, in the hands of institutional investors. The top three institutional holders of PRTY stocks are: CAS INVESTMENT PARTNERS, LLC with ownership of 19,557,248, which is approximately 8.341% of the company’s market cap and around 5.30% of the total institutional ownership; BLACKROCK INC., holding 7,296,281 shares of the stock with an approximate value of $12.33 million in PRTY stocks shares; and VANGUARD GROUP INC, currently with $9.4 million in PRTY stock with ownership of nearly -12.178% of the company’s market capitalization.

Positions in Party City Holdco Inc. stocks held by institutional investors increased at the end of August and at the time of the August reporting period, where 48 institutional holders increased their position in Party City Holdco Inc. [NYSE:PRTY] by around 14,055,662 shares. Additionally, 105 investors decreased positions by around 23,200,168 shares, while 22 investors held positions by with 43,495,564 shares. The mentioned changes placed institutional holdings at 80,751,394 shares, according to the latest SEC report filing. PRTY stock had 14 new institutional investments in for a total of 3,084,668 shares, while 55 institutional investors sold positions of 11,100,852 shares during the same period.


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