Parsons Corp (PSN) concluded trading on Wednesday at a closing price of $91.37, with 4.11 million shares of worth about $375.72 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 38.75% during that period and on July 31, 2024 the price saw a gain of about 18.39%. Currently the company’s common shares owned by public are about 105.84M shares, out of which, 47.79M shares are available for trading.
Stock saw a price change of 17.43% in past 5 days and over the past one month there was a price change of 13.93%. Year-to-date (YTD), PSN shares are showing a performance of 45.70% which increased to 84.88% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $49.10 but also hit the highest price of $85.44 during that period. The average intraday trading volume for Parsons Corp shares is 855.69K. The stock is currently trading 16.50% above its 20-day simple moving average (SMA20), while that difference is up 17.41% for SMA50 and it goes to 26.88% higher than SMA200.
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The stock has a current market capitalization of $4.41B and its 3Y-monthly beta is at 0.82. PE ratio of stock for trailing 12 months is 520.03, while it has posted earnings per share of $0.18 in the same period. Its PEG reads 59.09 and has Quick Ratio of 1.79 while making debt-to-equity ratio of 0.66. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for PSN, volatility over the week remained 3.76% while standing at 2.37% over the month.
Stock’s fiscal year EPS is expected to rise by 28.42% while it is estimated to increase by 12.92% in next year. EPS is likely to grow at an annualized rate of 8.80% for next 5-years, compared to annual growth of -8.68% made by the stock over the past 5-years.
Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by TD Cowen on May 03, 2024 offering a Buy rating for the stock and assigned a target price range of between $77 and $90 to it. Coverage by Raymond James stated Parsons Corp (PSN) stock as a Strong buy in their note to investors on May 01, 2024, suggesting a price target of $95 for the stock. On January 16, 2024, Robert W. Baird Upgrade their recommendations, while on January 10, 2024, KeyBanc Capital Markets Initiated their ratings for the stock with a price target of $74. Stock get a Buy rating from BofA Securities on August 14, 2023.
