Parsons Corp (NYSE: PSN) is 66.45% higher on its value in year-to-date trading and has touched a low of $55.22 and a high of $109.55 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 PSN stock was last observed hovering at around $107.42 in the last trading session, with the day’s loss setting it -3.04%.
Currently trading at $104.38, the stock is -1.81% and 4.32% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.97 million and changing -2.83% at the moment leaves the stock 25.50% off its SMA200. PSN registered 83.61% gain for a year compared to 6-month gain of 32.29%. The firm has a 50-day simple moving average (SMA 50) of $100.0606 and a 200-day simple moving average (SMA200) of $83.1713.
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The stock witnessed a 3.38% loss in the last 1 month and extending the period to 3 months gives it a 34.25%, and is -3.48% 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 1.58% over the week and 1.53% over the month.
Parsons Corp (PSN) has around 18500 employees, a market worth around $11.08B and $6.12B in sales. Current P/E ratio is 245.89 and Fwd P/E is 28.41. Profit margin for the company is 0.89%. Distance from 52-week low is 89.04% and -4.72% from its 52-week high. The company has generated returns on investments over the last 12 months (1.52%).
Parsons Corp quarterly earnings per share for the current quarter are estimated at 0.8 with sales reaching $1.64B over the same period.The EPS is expected to grow by 31.85% this year, but quarterly earnings will post 20.00% year-over-year.
456.0 institutions hold shares in Parsons Corp (PSN), with institutional investors hold 101.71% of the company’s shares. The shares outstanding are 105.84M, and float is at 105.19M with Short Float at 3.23%. Institutions hold 100.82% of the Float.
The top institutional shareholder in the company is NEWPORT TRUST CO with over 56.26 million shares valued at $4.6 billion. The investor’s holdings represent 53.058 of the PSN Shares outstanding. As of 2024-06-30, the second largest holder is VANGUARD GROUP INC with 4.37 million shares valued at $357.14 million to account for 4.117 of the shares outstanding. The other top investors are T. ROWE PRICE INVESTMENT MANAGEMENT, INC. which holds 3.58 million shares representing 3.3718 and valued at over $292.5 million, while UBS GROUP AG holds 2.21 of the shares totaling 2.34 million with a market value of $191.71 million.
