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United Parks & Resorts Inc. (PRKS) – Don’t Be So Quick to Call it Dead

United Parks & Resorts Inc. (NYSE: PRKS) is -3.43% lower on its value in year-to-date trading and has touched a low of $40.87 and a high of $60.36 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The PRKS stock was last observed hovering at around $50.87 in the last trading session, with the day’s gains setting it 0.15%.

Currently trading at $51.02, the stock is 0.24% and -0.04% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.94 million and changing 0.29% at the moment leaves the stock -1.19% off its SMA200. PRKS registered 11.23% gain for a year compared to 6-month loss of -2.58%. The firm has a 50-day simple moving average (SMA 50) of $50.882 and a 200-day simple moving average (SMA200) of $51.6357.

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The stock witnessed a 2.93% gain in the last 1 month and extending the period to 3 months gives it a -0.55%, and is -1.16% down 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 2.88% over the week and 2.79% over the month.

United Parks & Resorts Inc. (PRKS) has around 3300 employees, a market worth around $2.96B and $1.73B in sales. Current P/E ratio is 13.33 and Fwd P/E is 10.67. Profit margin for the company is 14.06%. Distance from 52-week low is 24.85% and -15.47% from its 52-week high. The company has generated returns on investments over the last 12 months (12.23%).

United Parks & Resorts Inc. quarterly earnings per share for the current quarter are estimated at 2.26 with sales reaching $557.41M over the same period.The EPS is expected to grow by 19.44% this year, but quarterly earnings will post 1.40% year-over-year.

The shares outstanding are 63.97M, and float is at 56.95M with Short Float at 11.12%.

United Parks & Resorts Inc. (PRKS) Insider Activity

The most recent transaction is an insider sale by Taylor George Anthony, the company’s. SEC filings show that Taylor George Anthony sold 23,837 shares of the company’s common stock on Sep 05 ’24 at a price of $52.94 per share for a total of $1.26 million. Following the sale, the insider now owns 85463.0 shares.

Still, SEC filings show that on Sep 03 ’24, Maruyama Yoshikazu (Director) disposed off 12,984 shares at an average price of $50.07 for $0.65 million. The insider now directly holds 41,766 shares of United Parks & Resorts Inc. (PRKS).

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