Parsons Corp (NYSE: PSN)’s stock price has gone rise by 1.92 in comparison to its previous close of 81.70, however, the company has experienced a 2.30% increase in its stock price over the last five trading days. GlobeNewsWire reported 2024-02-29 that CHANTILLY, Va., Feb. 29, 2024 (GLOBE NEWSWIRE) — Parsons Corporation (NYSE: PSN) will present at the Raymond James 45th Annual Institutional Investors Conference. Carey Smith, chair, president, and chief executive officer, and Matt Ofilos, chief financial officer, will participate in a fireside chat question and answer session on Tuesday, March 5, 2024, at approximately 1:05 p.m. Eastern Time.
Is It Worth Investing in Parsons Corp (NYSE: PSN) Right Now?
The price-to-earnings ratio for Parsons Corp (NYSE: PSN) is above average at 59.02x, Company’s 36-month beta value is 0.85.Analysts have differing opinions on the stock, with 0 analysts rating it as a “buy,” 0 as “overweight,” 0 as “hold,” and 0 as “sell.”
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The public float for PSN is 104.83M, and currently, short sellers hold a 4.03% ratio of that floaft. The average trading volume of PSN on March 22, 2024 was 804.11K shares.
PSN’s Market Performance
PSN stock saw an increase of 2.30% in the past week, with a monthly gain of 10.60% and a quarterly increase of 33.53%. The volatility ratio for the week is 1.35%, and the volatility levels for the last 30 days are 2.13% for Parsons Corp (PSN). The simple moving average for the last 20 days is 2.35% for PSN’s stock, with a simple moving average of 38.81% for the last 200 days.
Analysts’ Opinion of PSN
Many brokerage firms have already submitted their reports for PSN stocks, with Robert W. Baird repeating the rating for PSN by listing it as a “Outperform.” The predicted price for PSN in the upcoming period, according to Robert W. Baird is $75 based on the research report published on January 16, 2024 of the current year 2024.
KeyBanc Capital Markets, on the other hand, stated in their research note that they expect to see PSN reach a price target of $74. The rating they have provided for PSN stocks is “Overweight” according to the report published on January 10th, 2024.
BofA Securities gave a rating of “Buy” to PSN, setting the target price at $65 in the report published on August 14th of the previous year.
PSN Trading at 14.32% from the 50-Day Moving Average
After a stumble in the market that brought PSN to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -1.09% of loss for the given period.
Volatility was left at 2.13%, however, over the last 30 days, the volatility rate increased by 1.35%, as shares surge +4.82% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +32.30% upper at present.
During the last 5 trading sessions, PSN rose by +2.30%, which changed the moving average for the period of 200-days by +81.50% in comparison to the 20-day moving average, which settled at $81.55. In addition, Parsons Corp saw 32.79% in overturn over a single year, with a tendency to cut further gains.
Stock Fundamentals for PSN
Current profitability levels for the company are sitting at:
- 0.05 for the present operating margin
- 0.22 for the gross margin
The net margin for Parsons Corp stands at 0.03. The total capital return value is set at 0.08. Equity return is now at value 7.44, with 3.58 for asset returns.
Based on Parsons Corp (PSN), the company’s capital structure generated 0.29 points at debt to capital in total, while cash flow to debt ratio is standing at 0.44. The debt to equity ratio resting at 0.41. The interest coverage ratio of the stock is 20.2.
Currently, EBITDA for the company is 415.52 million with net debt to EBITDA at 1.7. When we switch over and look at the enterprise to sales, we see a ratio of 1.74. The receivables turnover for the company is 3.25for trailing twelve months and the total asset turnover is 1.13. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.52.
Conclusion
In a nutshell, Parsons Corp (PSN) has experienced a better performance in recent times. The stock has received mixed “buy” and “hold” ratings from analysts. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
