United Parks & Resorts Inc. (NYSE: PRKS) has a price-to-earnings ratio of 12.70x that is above its average ratio. Additionally, the 36-month beta value for PRKS is 2.01. There are mixed opinions on the stock, with 5 analysts rating it as a “buy,” 2 rating it as “overweight,” 4 rating it as “hold,” and 1 rating it as “sell.”
The public float for PRKS is 56.99M and currently, short sellers hold a 10.51% ratio of that float. The average trading volume of PRKS on August 29, 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 plunge by -1.28relation to previous closing price of 49.26. Nevertheless, the company has seen a -0.02% plunge in its stock price over the last five trading sessions. 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
PRKS’s stock has fallen by -0.02% in the past week, with a monthly drop of -8.28% and a quarterly drop of -1.36%. The volatility ratio for the week is 1.76% while the volatility levels for the last 30 days are 3.41% for United Parks & Resorts Inc. The simple moving average for the last 20 days is 0.78% for PRKS stock, with a simple moving average of -5.46% for the last 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 -6.55% 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 -19.43% of loss for the given period.
Volatility was left at 3.41%, however, over the last 30 days, the volatility rate increased by 1.76%, as shares sank -7.64% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -5.09% lower at present.
During the last 5 trading sessions, PRKS fell by -0.02%, which changed the moving average for the period of 200-days by +6.36% in comparison to the 20-day moving average, which settled at $48.05. In addition, United Parks & Resorts Inc. saw -7.95% 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 Maxwell Jayson, who proposed sale 545 shares at the price of $49.44 back on Aug 27 ’24. After this action, Maxwell Jayson now owns shares of United Parks & Resorts Inc., valued at $26,945 using the latest closing price.
Maruyama Yoshikazu, the Director of United Parks & Resorts Inc., proposed sale 1,016 shares at $50.01 during a trade that took place back on Aug 26 ’24, which means that Maruyama Yoshikazu is holding shares at $50,814 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 conclusion, United Parks & Resorts Inc. (PRKS) has seen bad performance in recent times. Analysts have a bullish 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.
