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After finishing at $95.46 in the prior trading day, Parsons Corp (NYSE: PSN) closed at $93.44, down -2.12%. In other words, the price has decreased by -$2.12 from its previous closing price. On the day, 0.77 million shares were traded. PSN stock price reached its highest trading level at $95.27 during the session, while it also had its lowest trading level at $93.0179.
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 18.78 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 22.03. For the most recent quarter (mrq), Quick Ratio is recorded 1.80 and its Current Ratio is at 1.80. In the meantime, Its Debt-to-Equity ratio is 0.63 whereas as Long-Term Debt/Eq ratio is at 0.61.
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 9921927168 and an Enterprise Value of 10901764096. As of this moment, Parsons’s Price-to-Earnings (P/E) ratio for their current fiscal year is 220.12, and their Forward P/E ratio for the next fiscal year is 25.56. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 25.01. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.62 while its Price-to-Book (P/B) ratio in mrq is 4.47. Its current Enterprise Value per Revenue stands at 1.782 whereas that against EBITDA is 19.76.
Stock Price History:
Over the past 52 weeks, PSN has reached a high of $95.88, while it has fallen to a 52-week low of $53.56. The 50-Day Moving Average of the stock is 9.57%, while the 200-Day Moving Average is calculated to be 23.11%.
Shares Statistics:
The stock has traded on average 875.92K shares per day over the past 3-months and 534460 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 99.00% stake in the company. Shares short for PSN as of 1723680000 were 2822736 with a Short Ratio of 3.22, compared to 1721001600 on 2980701. Therefore, it implies a Short% of Shares Outstanding of 2822736 and a Short% of Float of 6.12.
