United Parks & Resorts Inc (NYSE: PRKS)’s stock price has plunge by 2.39relation to previous closing price of 55.95. Nevertheless, the company has seen a -2.32% plunge in its stock price over the last five trading sessions. seekingalpha.com reported 2024-11-07 that United Parks & Resorts Inc (PRKS) Q3 2024 Earnings Call Transcript
Is It Worth Investing in United Parks & Resorts Inc (NYSE: PRKS) Right Now?
United Parks & Resorts Inc (NYSE: PRKS) has a higher price-to-earnings ratio of 14.38x compared to its average ratio, The 36-month beta value for PRKS is at 2.00. Analysts have varying views on the stock, with 6 analysts rating it as a “buy,” 2 rating it as “overweight,” 5 as “hold,” and 1 as “sell.”
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The public float for PRKS is 54.02M, and currently, shorts hold a 11.97% of that float. The average trading volume for PRKS on November 21, 2024 was 841.81K shares.
PRKS’s Market Performance
PRKS stock saw an increase of -2.32% in the past week, with a monthly gain of 8.44% and a quarterly increase of 18.00%. The volatility ratio for the week is 2.95%, and the volatility levels for the last 30 days are 3.23% for United Parks & Resorts Inc (PRKS). The simple moving average for the last 20 days is 3.59% for PRKS stock, with a simple moving average of 10.07% 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 8.56% 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 -5.09% of loss for the given period.
Volatility was left at 3.23%, however, over the last 30 days, the volatility rate increased by 2.95%, as shares surge +9.67% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +14.90% upper at present.
During the last 5 trading sessions, PRKS fell by -2.32%, which changed the moving average for the period of 200-days by +17.64% in comparison to the 20-day moving average, which settled at $55.31. In addition, United Parks & Resorts Inc saw 8.44% 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 Taylor George Anthony, who sale 23,837 shares at the price of $52.94 back on Sep 05 ’24. After this action, Taylor George Anthony now owns 85,463 shares of United Parks & Resorts Inc, valued at $1,261,931 using the latest closing price.
ChristopherFinazzo, the Chief Commercial Officer of United Parks & Resorts Inc, proposed sale 10,000 shares at $52.12 during a trade that took place back on Sep 06 ’24, which means that ChristopherFinazzo is holding shares at $521,200 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 1.25 points at debt to capital in total, while cash flow to debt ratio is standing at 0.2. The debt to equity ratio resting at -4.94. The interest coverage ratio of the stock is 3.11.
Currently, EBITDA for the company is 613.98 million with net debt to EBITDA at 3.61. When we switch over and look at the enterprise to sales, we see a ratio of 3.15. The receivables turnover for the company is 19.97for trailing twelve months and the total asset turnover is 0.67. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.64.
Conclusion
In conclusion, United Parks & Resorts Inc (PRKS) has had a better 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.
