United Parks & Resorts Inc. (PRKS) Shares Plummet Below 1-Year High

United Parks & Resorts Inc. (NYSE: PRKS) has experienced a decline in its stock price by -4.43 compared to its previous closing price of 52.79. However, the company has seen a fall of -5.13% in its stock price over the last five trading days. prnewswire.com reported 2024-05-22 that Guests 21+ rewarded with a refreshment amidst a summer of excitement for the park’s 60th Anniversary ORLANDO, Fla., May 22, 2024 /PRNewswire/ — SeaWorld Orlando is celebrating summer and its 60th Anniversary with a FREE refreshing libation for guests 21+.

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 above average at 13.57x. The 36-month beta value for PRKS is also noteworthy at 1.96. There are mixed opinions on the stock, with 0 analysts rating it as a “buy,” 0 rating it as “overweight,” 0 rating it as “hold,” and 0 rating it as “sell.”

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The public float for PRKS is 61.37M, and at present, short sellers hold a 6.26% of that float. The average trading volume of PRKS on May 23, 2024 was 928.24K shares.

PRKS’s Market Performance

The stock of United Parks & Resorts Inc. (PRKS) has seen a -5.13% decrease in the past week, with a -4.61% drop in the past month, and a 7.32% gain in the past quarter. The volatility ratio for the week is 3.03%, and the volatility levels for the past 30 days are at 3.25% for PRKS. The simple moving average for the past 20 days is -2.49% for PRKS’s stock, with a 1.38% simple moving average for the past 200 days.

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 -4.78% 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 -17.70% of loss for the given period.

Volatility was left at 3.25%, however, over the last 30 days, the volatility rate increased by 3.03%, as shares sank -4.61% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -2.06% lower at present.

During the last 5 trading sessions, PRKS fell by -5.13%, which changed the moving average for the period of 200-days by -7.14% in comparison to the 20-day moving average, which settled at $51.62. In addition, United Parks & Resorts Inc. saw -4.51% 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 $54.44 back on May 15 ’24. After this action, Miller Kyle Robert now owns 35,735 shares of United Parks & Resorts Inc., valued at $54,440 using the latest closing price.

Surrett Byron, the of United Parks & Resorts Inc., sale 1,424 shares at $54.54 during a trade that took place back on May 14 ’24, which means that Surrett Byron is holding 13,656 shares at $77,665 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
  • 0.81 for the gross margin

The net margin for United Parks & Resorts Inc. stands at 0.14. The total capital return value is set at 0.22.

Based on United Parks & Resorts Inc. (PRKS), the company’s capital structure generated 1.13 points at debt to capital in total, while cash flow to debt ratio is standing at 0.25. The debt to equity ratio resting at -8.67. The interest coverage ratio of the stock is 3.16.

Currently, EBITDA for the company is 614.8 million with net debt to EBITDA at 3.22. When we switch over and look at the enterprise to sales, we see a ratio of 2.99. The receivables turnover for the company is 21.52for trailing twelve months and the total asset turnover is 0.65. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.77.

Conclusion

In summary, United Parks & Resorts Inc. (PRKS) has had a bad performance as of late. Analysts have mixed opinions on the stock, with some viewing it as a “buy” and others as 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.

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