United Parks & Resorts Inc. (NYSE: PRKS) has seen a rise in its stock price by 1.26 in relation to its previous close of 46.68. However, the company has experienced a -10.22% decline in its stock price over the last five trading sessions. zacks.com reported 2024-08-07 that The headline numbers for United Parks & Resorts (PRKS) give insight into how the company performed in the quarter ended June 2024, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.
Is It Worth Investing in United Parks & Resorts Inc. (NYSE: PRKS) Right Now?
United Parks & Resorts Inc. (NYSE: PRKS) has a price-to-earnings ratio of 12.71x that is above its average ratio. Additionally, the 36-month beta value for PRKS is 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 currently, short sellers hold a 6.04% ratio of that float. The average trading volume of PRKS on August 07, 2024 was 983.03K shares.
PRKS’s Market Performance
The stock of United Parks & Resorts Inc. (PRKS) has seen a -10.22% decrease in the past week, with a -15.44% drop in the past month, and a -3.84% fall in the past quarter. The volatility ratio for the week is 4.41%, and the volatility levels for the past 30 days are at 3.31% for PRKS. The simple moving average for the last 20 days is -13.20% for PRKS stock, with a simple moving average of -7.51% 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 -10.77% 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 -21.69% of loss for the given period.
Volatility was left at 3.31%, however, over the last 30 days, the volatility rate increased by 4.41%, as shares sank -14.63% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -6.14% lower at present.
During the last 5 trading sessions, PRKS fell by -10.03%, which changed the moving average for the period of 200-days by +8.77% in comparison to the 20-day moving average, which settled at $54.06. In addition, United Parks & Resorts Inc. saw -10.52% 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 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 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 2.88. 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 conclusion, United Parks & Resorts Inc. (PRKS) has seen bad performance in recent times. Analysts have a mixed opinion on the stock, with some rating it as a “buy” and others rating it 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.
