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New Big Money Means Par Technology Corp. (PAR) Investors Could Reap Benefit

Par Technology Corp. (NYSE: PAR) is 13.32% higher on its value in year-to-date trading and has touched a low of $28.21 and a high of $55.66 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The PAR stock was last observed hovering at around $44.72 in the last trading session, with the day’s gains setting it 4.62%.

Currently trading at $49.34, the stock is -2.51% and 4.03% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.73 million and changing 10.33% at the moment leaves the stock 14.22% off its SMA200. PAR registered 33.57% gain for a year compared to 6-month loss of 4.47%.

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The stock witnessed a 7.40% gain in the last 1 month and extending the period to 3 months gives it a 10.21%, and is 0.63% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 6.13% over the week and 4.39% over the month.

Par Technology Corp. (PAR) has around 1802 employees, a market worth around $1.68B and $420.88M in sales. Fwd P/E is 257.66. Profit margin for the company is -17.14%. Distance from 52-week low is 74.90% and -11.35% from its 52-week high. The company has generated returns on investments over the last 12 months (-7.95%).

The EPS is expected to grow by 50.69% this year

The shares outstanding are 33.99M, and float is at 33.35M with Short Float at 20.02%.

Par Technology Corp. (PAR) Insider Activity

The most recent transaction is an insider sale by MENAR BRYAN A, the company’s Chief Financial Officer. SEC filings show that MENAR BRYAN A sold 803 shares of the company’s common stock on Apr 08 ’24 at a price of $43.79 per share for a total of $35163.0. Following the sale, the insider now owns 54601.0 shares.

Par Technology Corp. disclosed in a document filed with the SEC on Mar 14 ’24 that Rauch Douglas Gregory (Director) sold a total of 4,500 shares of the company’s common stock. The trade occurred on Mar 14 ’24 and was made at $42.04 per share for $0.19 million. Following the transaction, the insider now directly holds 14365.0 shares of the PAR stock.

Still, SEC filings show that on Mar 07 ’24, MENAR BRYAN A (Chief Financial Officer) disposed off 6,069 shares at an average price of $41.93 for $0.25 million. The insider now directly holds 47,456 shares of Par Technology Corp. (PAR).

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