United Parks & Resorts Inc. (PRKS) Stock: A Guide to the Market Trend

The stock of United Parks & Resorts Inc. (PRKS) has gone up by 7.50% for the week, with a 8.23% rise in the past month and a 12.83% rise in the past quarter. The volatility ratio for the week is 2.81%, and the volatility levels for the past 30 days are 2.73% for PRKS. The simple moving average for the past 20 days is 7.21% for PRKS’s stock, with a 14.35% simple moving average for the past 200 days.

Is It Worth Investing in United Parks & Resorts Inc. (NYSE: PRKS) Right Now?

The price-to-earnings ratio for United Parks & Resorts Inc. (NYSE: PRKS) is 15.77x, which is above its average ratio. Moreover, the 36-month beta value for PRKS is 1.82. Analysts have varying 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 PRKS is 62.78M and currently, short sellers hold a 3.73% of that float. On April 04, 2024, PRKS’s average trading volume was 792.01K shares.

PRKS) stock’s latest price update

The stock of United Parks & Resorts Inc. (NYSE: PRKS) has increased by 1.70 when compared to last closing price of 56.36.Despite this, the company has seen a gain of 7.50% in its stock price over the last five trading days. Zacks Investment Research reported 2024-02-28 that United Parks & Resorts (PRKS) came out with quarterly earnings of $0.62 per share, missing the Zacks Consensus Estimate of $0.78 per share. This compares to earnings of $0.76 per share a year ago.

Analysts’ Opinion of PRKS

Mizuho, on the other hand, stated in their research note that they expect to see PRKS reach a price target of $47. The rating they have provided for PRKS stocks is “Underperform” according to the report published on March 26th, 2024.

Morgan Stanley gave a rating of “Equal-Weight” to PRKS, setting the target price at $57 in the report published on December 14th of the previous year.

PRKS Trading at 12.47% from the 50-Day Moving Average

After a stumble in the market that brought PRKS to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -7.19% of loss for the given period.

Volatility was left at 2.73%, however, over the last 30 days, the volatility rate increased by 2.81%, as shares surge +7.79% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +13.89% upper at present.

During the last 5 trading sessions, PRKS rose by +8.27%, which changed the moving average for the period of 200-days by -1.52% in comparison to the 20-day moving average, which settled at $53.67. In addition, United Parks & Resorts Inc. saw 8.50% in overturn over a single year, with a tendency to cut further gains.

Insider Trading

Reports are indicating that there were more than several insider trading activities at PRKS starting from Miller Kyle Robert, who sale 1,000 shares at the price of $52.50 back on Mar 18 ’24. After this action, Miller Kyle Robert now owns 37,961 shares of United Parks & Resorts Inc., valued at $52,500 using the latest closing price.

Surrett Byron sale 5,083 shares at $50.50 during a trade that took place back on Mar 15 ’24, which means that Surrett Byron is holding 15,306 shares at $256,692 based on the most recent closing price.

Conclusion

To wrap up, the performance of United Parks & Resorts Inc. (PRKS) has been better in recent times. The stock has received a mixed of “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.

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