The stock of Parsons Corp (PSN) has gone down by -5.03% for the week, with a -3.16% drop in the past month and a 12.47% rise in the past quarter. The volatility ratio for the week is 1.54%, and the volatility levels for the past 30 days are 2.05% for PSN. The simple moving average for the past 20 days is -3.48% for PSN’s stock, with a 20.84% simple moving average for the past 200 days.
Is It Worth Investing in Parsons Corp (NYSE: PSN) Right Now?
Parsons Corp (NYSE: PSN) has a higher price-to-earnings ratio of 159.88x compared to its average ratio, The 36-month beta value for PSN is at 0.78. Analysts have varying views on the stock, with 8 analysts rating it as a “buy,” 6 rating it as “overweight,” 1 as “hold,” and 0 as “sell.”
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
The public float for PSN is 105.19M, and currently, shorts hold a 2.57% of that float. The average trading volume for PSN on November 14, 2024 was 863.63K shares.
PSN) stock’s latest price update
Parsons Corp (NYSE: PSN)’s stock price has gone decline by -6.51 in comparison to its previous close of 112.01, however, the company has experienced a -5.03% decrease in its stock price over the last five trading days. globenewswire.com reported 2024-11-13 that CHANTILLY, Va., Nov. 13, 2024 (GLOBE NEWSWIRE) — Parsons Corporation (NYSE: PSN) announced today that the Tennessee Department of Transportation (TDOT) has selected the company to serve as lead designer for the proposed America’s River Crossing project, a pivotal infrastructure project aimed at enhancing transportation connectivity and economic growth in the Memphis region. This contract win marks a significant milestone for Parsons, further solidifying its position as a leader in long-span bridge design.
Analysts’ Opinion of PSN
Many brokerage firms have already submitted their reports for PSN stocks, with Raymond James repeating the rating for PSN by listing it as a “Outperform.” The predicted price for PSN in the upcoming period, according to Raymond James is $115 based on the research report published on October 23, 2024 of the current year 2024.
TD Cowen, on the other hand, stated in their research note that they expect to see PSN reach a price target of $90, previously predicting the price at $77. The rating they have provided for PSN stocks is “Buy” according to the report published on May 03rd, 2024.
Raymond James gave a rating of “Strong Buy” to PSN, setting the target price at $95 in the report published on May 01st of the current year.
PSN Trading at -0.07% from the 50-Day Moving Average
After a stumble in the market that brought PSN to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -8.68% of loss for the given period.
Volatility was left at 2.05%, however, over the last 30 days, the volatility rate increased by 1.54%, as shares sank -0.90% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +14.71% upper at present.
During the last 5 trading sessions, PSN fell by -2.69%, which changed the moving average for the period of 200-days by +64.70% in comparison to the 20-day moving average, which settled at $108.63. In addition, Parsons Corp saw 67.00% in overturn over a single year, with a tendency to cut further gains.
Stock Fundamentals for PSN
Current profitability levels for the company are sitting at:
- 0.06 for the present operating margin
- 0.22 for the gross margin
The net margin for Parsons Corp stands at 0.01. The total capital return value is set at 0.11. Equity return is now at value 3.51, with 1.55 for asset returns.
Based on Parsons Corp (PSN), the company’s capital structure generated 0.35 points at debt to capital in total, while cash flow to debt ratio is standing at 0.47. The debt to equity ratio resting at 0.54. The interest coverage ratio of the stock is 8.77.
Currently, EBITDA for the company is 415.52 million with net debt to EBITDA at 2.72. When we switch over and look at the enterprise to sales, we see a ratio of 1.83. The receivables turnover for the company is 3.57for trailing twelve months and the total asset turnover is 1.2. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.55.
Conclusion
In conclusion, Parsons Corp (PSN) has had a mixed performance lately. Opinion on the stock among analysts is bullish, with some giving it a “buy” rating and others 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.
