Parsons Corp (NYSE: PSN) has a higher price-to-earnings ratio of 438.30x compared to its average ratio, The 36-month beta value for PSN is at 0.85. Analysts have varying views on the stock, with 0 analysts rating it as a “buy,” 0 rating it as “overweight,” 0 as “hold,” and 0 as “sell.”
The public float for PSN is 104.83M, and currently, shorts hold a 3.85% of that float. The average trading volume for PSN on May 10, 2024 was 1.04M shares.
PSN) stock’s latest price update
The stock price of Parsons Corp (NYSE: PSN) has dropped by -0.76 compared to previous close of 77.60. Despite this, the company has seen a fall of -0.38% in its stock price over the last five trading days. Zacks Investment Research reported 2024-05-01 that The headline numbers for Parsons (PSN) give insight into how the company performed in the quarter ended March 2024, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.
PSN’s Market Performance
Parsons Corp (PSN) has seen a -0.38% fall in stock performance for the week, with a -4.06% decline in the past month and a 14.89% surge in the past quarter. The volatility ratio for the week is 1.84%, and the volatility levels for the past 30 days are at 2.16% for PSN. The simple moving average for the past 20 days is -2.19% for PSN’s stock, with a 17.47% simple moving average for the past 200 days.
Analysts’ Opinion of PSN
Many brokerage firms have already submitted their reports for PSN stocks, with TD Cowen repeating the rating for PSN by listing it as a “Buy.” The predicted price for PSN in the upcoming period, according to TD Cowen is $90 based on the research report published on May 03, 2024 of the current year 2024.
Raymond James, on the other hand, stated in their research note that they expect to see PSN reach a price target of $95, previously predicting the price at $82. The rating they have provided for PSN stocks is “Strong Buy” according to the report published on May 01st, 2024.
Robert W. Baird gave a rating of “Outperform” to PSN, setting the target price at $75 in the report published on January 16th of the current year.
PSN Trading at -4.60% 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 -9.87% of loss for the given period.
Volatility was left at 2.16%, however, over the last 30 days, the volatility rate increased by 1.84%, as shares sank -4.54% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -5.13% lower at present.
During the last 5 trading sessions, PSN fell by -0.38%, which changed the moving average for the period of 200-days by +60.14% in comparison to the 20-day moving average, which settled at $78.55. In addition, Parsons Corp saw 22.80% 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:
- 0.06 for the present operating margin
- 0.22 for the gross margin
The net margin for Parsons Corp stands at 0.0. The total capital return value is set at 0.09. Equity return is now at value 1.34, with 0.60 for asset returns.
Based on Parsons Corp (PSN), the company’s capital structure generated 0.38 points at debt to capital in total, while cash flow to debt ratio is standing at 0.27. The debt to equity ratio resting at 0.61. The interest coverage ratio of the stock is 16.29.
Currently, EBITDA for the company is 415.52 million with net debt to EBITDA at 2.32. When we switch over and look at the enterprise to sales, we see a ratio of 1.58. The receivables turnover for the company is 3.24for trailing twelve months and the total asset turnover is 1.14. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.79.
Conclusion
In conclusion, Parsons Corp (PSN) has had a mixed performance lately. Opinion on the stock among analysts is mixed, with some giving it a “buy” rating and others a “hold”. 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.
