No PLYA'n Around After Earnings
PLYA was a company we discussed late last year before it left penny stock range. Interesting company and idea as a Vice stock that could benefit from reopening:"Rarely might you expect hotels to be on the list of vice stocks to watch. But think about it. What better way to enjoy a vice than at an all-inclusive resort? Playa Hotels & Resorts has a “sinful” side to it. The company’s adults-only brands like Hyatt Zilara, The Hilton Playa del Carmen, and Sanctuary offer a unique experience to their customers. From unlimited drinks to even offering a “Romance Concierge,” Playa could fit the mold for sin stocks to watch.
What To Watch With Playa
The company has been going through its own reopening following coronavirus restrictions. Earlier this month, the company reopened the Hilton La Romana all-inclusive adult and family resorts in the Dominican Republic. It also resumed normal operations at its Yucatán resorts..."
Quote Source & Read More: What Are The Best Penny Stocks To Watch Now? 4 Vice Stocks To Know
This week PLYA released Q2 results:
Three Months Ended June 30, 2021 Results
Net Loss was $7.8 million compared to a Net Loss of $87.5 million in 2020.
Adjusted Net Loss(1) was $9.6 million compared to an Adjusted Net Loss of $60.3 million in 2020.
Owned Resort EBITDA increased 234.9% versus 2020 to $32.1 million.
Adjusted EBITDA increased 172.9% versus 2020 to $22.9 million .
Six Months Ended June 30, 2021 Results
Net Loss was $77.5 million compared to a Net Loss of $110.0 million in 2020.
Adjusted Net Loss(1) was $60.5 million compared to an Adjusted Net Loss of $58.9 million in 2020.
Owned Resort EBITDA increased 4.8% versus 2020 to $38.6 million.
Adjusted EBITDA increased 7.9% versus 2020 to $20.4 million.
While the fib levels have shown different levels of support/resistance, the 200DMA is clearly a more important level. It was tested and thanks to a news catalyst, PLYA was able to bounce off and get back above the key Fib level (for now).
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