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After finishing at $97.40 in the prior trading day, Parsons Corp (NYSE: PSN) closed at $94.37, down -3.11%. In other words, the price has decreased by -$3.11 from its previous closing price. On the day, 1.84 million shares were traded. PSN stock price reached its highest trading level at $97.265 during the session, while it also had its lowest trading level at $94.05.
Ratios:
Our goal is to gain a better understanding of PSN by taking a closer look at its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 17.42 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 17.79. For the most recent quarter (mrq), Quick Ratio is recorded 1.55 and its Current Ratio is at 1.55. In the meantime, Its Debt-to-Equity ratio is 0.61 whereas as Long-Term Debt/Eq ratio is at 0.53.
On May 03, 2024, TD Cowen Upgraded its rating to Buy which previously was Hold and also upped its target price recommendation from $77 to $90.
Raymond James Upgraded its Outperform to Strong Buy on May 01, 2024, whereas the target price for the stock was revised from $82 to $95.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, PSN now has a Market Capitalization of 10021150720 and an Enterprise Value of 11293758464. As of this moment, Parsons’s Price-to-Earnings (P/E) ratio for their current fiscal year is 144.08, and their Forward P/E ratio for the next fiscal year is 24.23. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 7.76. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.50 while its Price-to-Book (P/B) ratio in mrq is 4.33. Its current Enterprise Value per Revenue stands at 1.735 whereas that against EBITDA is 19.299.
Stock Price History:
The Beta on a monthly basis for PSN is 0.77, which has changed by 0.5479975 over the last 52 weeks, in comparison to a change of 0.2936039 over the same period for the S&P500. Over the past 52 weeks, PSN has reached a high of $114.68, while it has fallen to a 52-week low of $61.10. The 50-Day Moving Average of the stock is -9.94%, while the 200-Day Moving Average is calculated to be 8.54%.
Shares Statistics:
The stock has traded on average 919.26K shares per day over the past 3-months and 1024640 shares per day over the last 10 days, according to various share statistics. A total of 105.84M shares are outstanding, with a floating share count of 105.19M. Insiders hold about 0.94% of the company’s shares, while institutions hold 100.48% stake in the company. Shares short for PSN as of 1730332800 were 2708489 with a Short Ratio of 2.95, compared to 1727654400 on 3392718. Therefore, it implies a Short% of Shares Outstanding of 2708489 and a Short% of Float of 5.87.
