In the past week, PRKS stock has gone down by -0.53%, with a monthly decline of -2.39% and a quarterly surge of 0.81%. The volatility ratio for the week is 2.61%, and the volatility levels for the last 30 days are 3.05% for United Parks & Resorts Inc. The simple moving average for the past 20 days is -5.98% for PRKS’s stock, with a 2.32% 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 14.06x, 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.”
The public float for PRKS is 63.05M and currently, short sellers hold a 4.67% of that float. On April 26, 2024, PRKS’s average trading volume was 827.63K shares.
PRKS) stock’s latest price update
United Parks & Resorts Inc. (NYSE: PRKS)’s stock price has decreased by -3.35 compared to its previous closing price of 52.89. However, the company has seen a -0.53% decrease in its stock price over the last five trading sessions. Seeking Alpha reported 2024-04-17 that United Parks & Resorts operates 13 theme parks, including SeaWorld and Busch Gardens, and is tied to consumer spending power. The company’s financials show a slight decline in revenue and EBITDA, but cost-cutting initiatives and a recovery in attendance are expected to drive growth. The stock price drop presents an opportunity for investors, and management’s focus on shareholder value through buybacks is a positive sign.
Analysts’ Opinion of PRKS
Many brokerage firms have already submitted their reports for PRKS stocks, with Guggenheim repeating the rating for PRKS by listing it as a “Buy.” The predicted price for PRKS in the upcoming period, according to Guggenheim is $73 based on the research report published on April 04, 2024 of the current year 2024.
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 -2.30% 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 -16.61% of loss for the given period.
Volatility was left at 3.05%, however, over the last 30 days, the volatility rate increased by 2.61%, as shares sank -4.13% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +5.42% upper at present.
During the last 5 trading sessions, PRKS fell by -0.53%, which changed the moving average for the period of 200-days by -6.70% in comparison to the 20-day moving average, which settled at $54.26. In addition, United Parks & Resorts Inc. saw -3.24% in overturn over a single year, with a tendency to cut further losses.
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 $53.87 back on Apr 15 ’24. After this action, Miller Kyle Robert now owns 36,961 shares of United Parks & Resorts Inc., valued at $53,870 using the latest closing price.
Miller Kyle Robert, the of United Parks & Resorts Inc., sale 1,000 shares at $52.50 during a trade that took place back on Mar 18 ’24, which means that Miller Kyle Robert is holding 37,961 shares at $52,500 based on the most recent closing price.
Stock Fundamentals for PRKS
Current profitability levels for the company are sitting at:
- 0.27 for the present operating margin
- 0.92 for the gross margin
The net margin for United Parks & Resorts Inc. stands at 0.14. The total capital return value is set at 0.21.
Based on United Parks & Resorts Inc. (PRKS), the company’s capital structure generated 1.1 points at debt to capital in total, while cash flow to debt ratio is standing at 0.23. The debt to equity ratio resting at -10.67. The interest coverage ratio of the stock is 3.13.
Currently, EBITDA for the company is 614.8 million with net debt to EBITDA at 3.21. When we switch over and look at the enterprise to sales, we see a ratio of 3.05. The receivables turnover for the company is 23.38for trailing twelve months and the total asset turnover is 0.66. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.95.
Conclusion
To wrap up, the performance of United Parks & Resorts Inc. (PRKS) has been bad in recent times. The stock has received a mixed of “buy” and “hold” ratings from analysts. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
