Investors on the quest for market-beating returns often employ the strategy of stock picking. Making informed choices in stocks can greatly amplify your wealth.
In the latest session, Parsons Corp (NYSE: PSN) closed at $84.40 up 0.73% from its previous closing price of $83.79. In other words, the price has increased by $0.73 from its previous closing price. On the day, 1.25 million shares were traded. PSN stock price reached its highest trading level at $85.68 during the session, while it also had its lowest trading level at $83.3127.
Ratios:
For a deeper understanding of Parsons Corp’s stock, let’s take a closer look at its various ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 16.04 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 16.38. 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.
Goldman Upgraded its Neutral to Buy on December 12, 2024, whereas the target price for the stock was revised from $103 to $111.
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 8962436096 and an Enterprise Value of 9848512512. As of this moment, Parsons’s Price-to-Earnings (P/E) ratio for their current fiscal year is 128.85, and their Forward P/E ratio for the next fiscal year is 21.56. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 5.85. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.38 while its Price-to-Book (P/B) ratio in mrq is 3.88. Its current Enterprise Value per Revenue stands at 1.513 whereas that against EBITDA is 16.829.
Stock Price History:
The Beta on a monthly basis for PSN is 0.72, which has changed by 0.27243733 over the last 52 weeks, in comparison to a change of 0.23883796 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 $64.33. The 50-Day Moving Average of the stock is -11.45%, while the 200-Day Moving Average is calculated to be -6.72%.
Shares Statistics:
For the past three months, PSN has traded an average of 995.51K shares per day and 1389130 over the past ten days. A total of 106.20M shares are outstanding, with a floating share count of 105.19M. Insiders hold about 0.94% of the company’s shares, while institutions hold 99.88% stake in the company. Shares short for PSN as of 1735603200 were 2978403 with a Short Ratio of 2.99, compared to 1732838400 on 3049517. Therefore, it implies a Short% of Shares Outstanding of 2978403 and a Short% of Float of 6.460000000000001.
