Parsons Corp (NYSE: PSN) is -29.45% lower on its value in year-to-date trading and has touched a low of $72.12 and a high of $114.68 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 PSN stock was last observed hovering at around $73.50 in the last trading session, with the day’s loss setting it -8.42%.
Currently trading at $65.08, the stock is -17.10% and -26.18% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 5.19 million and changing -11.46% at the moment leaves the stock -27.91% off its SMA200. PSN registered -12.49% loss for a year compared to 6-month gain of -30.10%.
The stock witnessed a -31.66% loss in the last 1 month and extending the period to 3 months gives it a -35.10%, and is -15.30% 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 4.61% over the week and 3.79% over the month.
Parsons Corp (PSN) has around 18500 employees, a market worth around $6.91B and $6.51B in sales. Current P/E ratio is 99.36 and Fwd P/E is 15.26. Profit margin for the company is 1.21%. Distance from 52-week low is -9.76% and -43.25% from its 52-week high. The company has generated returns on investments over the last 12 months (2.22%).
with sales reaching $1.65B over the same period.The EPS is expected to grow by 20.97% this year, but quarterly earnings will post 7.92% year-over-year. Quarterly sales are estimated to grow 7.54% in year-over-year returns.
The shares outstanding are 106.20M, and float is at 105.17M with Short Float at 4.39%.
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 52.9252 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.
