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The price of Parsons Corp (NYSE: PSN) closed at $74.83 in the last session, down -1.73% from day before closing price of $76.15. In other words, the price has decreased by -$1.73 from its previous closing price. On the day, 1.04 million shares were traded. PSN stock price reached its highest trading level at $76.31 during the session, while it also had its lowest trading level at $72.51.
Ratios:
We take a closer look at PSN’s different ratios to gain a better understanding of the stock. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 15.70 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 21.31. For the most recent quarter (mrq), Quick Ratio is recorded 1.79 and its Current Ratio is at 1.79. In the meantime, Its Debt-to-Equity ratio is 0.66 whereas as Long-Term Debt/Eq ratio is at 0.63.
Upgrades & Downgrades
In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for the company, TD Cowen on May 03, 2024, Upgraded its rating to Buy and sets its target price to $90 from $77 previously.
On May 01, 2024, Raymond James Upgraded its rating to Strong Buy which previously was Outperform and also upped its target price recommendation from $82 to $95.
Robert W. Baird Upgraded its Neutral to Outperform on January 16, 2024, whereas the target price for the stock was revised from $68 to $75.
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 7950388224 and an Enterprise Value of 9037478912. As of this moment, Parsons’s Price-to-Earnings (P/E) ratio for their current fiscal year is 425.90, and their Forward P/E ratio for the next fiscal year is 21.74. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 48.40. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.14 while its Price-to-Book (P/B) ratio in mrq is 3.70. Its current Enterprise Value per Revenue stands at 1.557 whereas that against EBITDA is 17.779.
Stock Price History:
Over the past 52 weeks, PSN has reached a high of $85.44, while it has fallen to a 52-week low of $44.11. The 50-Day Moving Average of the stock is -5.64%, while the 200-Day Moving Average is calculated to be 10.79%.
Shares Statistics:
According to the various share statistics, PSN traded on average about 857.48K shares per day over the past 3-months and 777620 shares per day over the past 10 days. A total of 105.84M shares are outstanding, with a floating share count of 87.91M. Insiders hold about 0.95% of the company’s shares, while institutions hold 118.53% stake in the company. Shares short for PSN as of 1715731200 were 3912975 with a Short Ratio of 4.56, compared to 1713139200 on 4035391. Therefore, it implies a Short% of Shares Outstanding of 3912975 and a Short% of Float of 8.469999999999999.
