United Parks & Resorts Inc. (NYSE: PRKS)’s stock price has increased by 0.51 compared to its previous closing price of 58.71. However, the company has seen a 4.22% increase in its stock price over the last five trading sessions. prnewswire.com reported 2024-07-18 that ORLANDO, Fla., July 18, 2024 /PRNewswire/ — United Parks & Resorts Inc. (NYSE: PRKS) announced today that it will release its second quarter financial results before the market opens on Wednesday, August 7, 2024.
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 15.87x. The 36-month beta value for PRKS is also noteworthy at 2.02. 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 61.45M, and at present, short sellers hold a 5.87% of that float. The average trading volume of PRKS on July 19, 2024 was 873.60K shares.
PRKS’s Market Performance
PRKS’s stock has seen a 4.22% increase for the week, with a 15.16% rise in the past month and a 15.34% gain in the past quarter. The volatility ratio for the week is 3.01%, and the volatility levels for the past 30 days are at 2.88% for United Parks & Resorts Inc. The simple moving average for the last 20 days is 8.76% for PRKS stock, with a simple moving average of 16.79% for the last 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 12.02% 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 -2.24% of loss for the given period.
Volatility was left at 2.88%, however, over the last 30 days, the volatility rate increased by 3.01%, as shares surge +16.05% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +18.57% upper at present.
During the last 5 trading sessions, PRKS rose by +4.22%, which changed the moving average for the period of 200-days by +27.59% in comparison to the 20-day moving average, which settled at $54.66. In addition, United Parks & Resorts Inc. saw 11.70% 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 Dold Christopher, who sale 32,518 shares at the price of $51.54 back on Jun 06 ’24. After this action, Dold Christopher now owns 33,242 shares of United Parks & Resorts Inc., valued at $1,675,978 using the latest closing price.
Miller Kyle Robert, the of United Parks & Resorts Inc., sale 1,000 shares at $54.44 during a trade that took place back on May 15 ’24, which means that Miller Kyle Robert is holding 35,735 shares at $54,440 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 3.3. 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 better performance as of late. Analysts have mixed opinions on the stock, with some viewing it as a “buy” and others as a “hold”. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
