The price-to-earnings ratio for United Parks & Resorts Inc. (NYSE: PRKS) is above average at 12.70x, Company’s 36-month beta value is 2.01.Analysts have differing 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 56.96M, and currently, short sellers hold a 8.04% ratio of that floaft. The average trading volume of PRKS on August 22, 2024 was 1.02M shares.
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PRKS) stock’s latest price update
United Parks & Resorts Inc. (NYSE: PRKS)’s stock price has gone rise by 0.10 in comparison to its previous close of 48.59, however, the company has experienced a 4.20% increase in its stock price over the last five trading days. seekingalpha.com reported 2024-08-21 that Near-term performance for United Parks & Resorts is expected to remain weak. Despite aggressive share buybacks and low stock valuation, the risk of PRKS missing FY24 estimates is a concern. PRKS’s attendance outlook is bleak, with foot traffic data showing negative trends and challenges in the current macro environment.
PRKS’s Market Performance
United Parks & Resorts Inc. (PRKS) has seen a 4.20% rise in stock performance for the week, with a -12.64% decline in the past month and a -7.86% plunge in the past quarter. The volatility ratio for the week is 2.49%, and the volatility levels for the past 30 days are at 3.79% for PRKS.. The simple moving average for the past 20 days is -1.72% for PRKS’s stock, with a -5.33% simple moving average for the past 200 days.
Analysts’ Opinion of PRKS
Many brokerage firms have already submitted their reports for PRKS stocks, with Goldman repeating the rating for PRKS by listing it as a “Neutral.” The predicted price for PRKS in the upcoming period, according to Goldman is $53 based on the research report published on August 08, 2024 of the current year 2024.
Guggenheim, on the other hand, stated in their research note that they expect to see PRKS reach a price target of $73. The rating they have provided for PRKS stocks is “Buy” according to the report published on April 04th, 2024.
Mizuho gave a rating of “Underperform” to PRKS, setting the target price at $47 in the report published on March 26th of the current year.
PRKS Trading at -6.85% 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 -19.42% of loss for the given period.
Volatility was left at 3.79%, however, over the last 30 days, the volatility rate increased by 2.49%, as shares sank -8.71% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -2.86% lower at present.
During the last 5 trading sessions, PRKS rose by +4.20%, which changed the moving average for the period of 200-days by +8.84% in comparison to the 20-day moving average, which settled at $49.26. In addition, United Parks & Resorts Inc. saw -7.93% 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 proposed sale 22,167 shares at the price of $47.04 back on Aug 12 ’24. After this action, Miller Kyle Robert now owns shares of United Parks & Resorts Inc., valued at $1,042,720 using the latest closing price.
Dold Christopher, the Chief Zoological Officer of United Parks & Resorts Inc., sale 32,518 shares at $51.54 during a trade that took place back on Jun 06 ’24, which means that Dold Christopher is holding 33,242 shares at $1,675,978 based on the most recent closing price.
Stock Fundamentals for PRKS
Current profitability levels for the company are sitting at:
- 0.28 for the present operating margin
- 0.67 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 1.19 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 -6.19. The interest coverage ratio of the stock is 3.18.
Currently, EBITDA for the company is 614.8 million with net debt to EBITDA at 3.35. When we switch over and look at the enterprise to sales, we see a ratio of 2.86. The receivables turnover for the company is 17.18for trailing twelve months and the total asset turnover is 0.63. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.82.
Conclusion
In a nutshell, United Parks & Resorts Inc. (PRKS) has experienced a bad performance in recent times. The stock has received mixed “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.
