Parsons Corp (NYSE: PSN) on Friday, soared 2.89% from the previous trading day, before settling in for the closing price of $95.46. Within the past 52 weeks, PSN’s price has moved between $53.56 and $98.11.
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Technology Sector giant saw their annual sales surged by 9.58% over the last five years. The company achieved an average annual earnings per share of 31.64%. With a float of $105.19 million, this company’s outstanding shares have now reached $105.84 million.
The firm has a total of 18500 workers. Let’s measure their productivity. In terms of profitability, gross margin is 21.86%, operating margin of 6.39%, and the pretax margin is 2.06%.
Parsons Corp (PSN) Breakdown of a Key Holders of the stock
Observing investor behavior towards Information Technology Services industry stocks is more important than anything else. The insider ownership of Parsons Corp is 0.94%, while institutional ownership is 99.09%.
Parsons Corp (PSN) Recent Fiscal highlights
According to the Wall Street analysts, stocks earnings will be around 31.64% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 8.80% during the next five years compared to -8.68% drop over the previous five years of trading.
Parsons Corp (NYSE: PSN) Trading Performance Indicators
Parsons Corp (PSN) is currently performing well based on its current performance indicators. A quick ratio of 1.80 was reported for the most recent quarter. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 1.70. Likewise, its price to free cash flow for the trailing twelve months is 23.16.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 0.42, a number that is poised to hit 0.80 in the next quarter and is forecasted to reach 3.66 in one year’s time.
Technical Analysis of Parsons Corp (PSN)
Analysing the last 5-days average volume posted by the [Parsons Corp, PSN], we can find that recorded value of 1.04 million was better than the volume posted last year of 0.87 million. As of the previous 9 days, the stock’s Stochastic %D was 71.17%. Additionally, its Average True Range was 2.22.
During the past 100 days, Parsons Corp’s (PSN) raw stochastic average was set at 98.43%, which indicates a significant increase from 94.50% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 25.70% in the past 14 days, which was lower than the 34.02% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $87.84, while its 200-day Moving Average is $77.33. Now, the first resistance to watch is $99.35. This is followed by the second major resistance level at $100.48. The third major resistance level sits at $102.33. If the price goes on to break the first support level at $96.37, it is likely to go to the next support level at $94.52. Now, if the price goes above the second support level, the third support stands at $93.39.
Parsons Corp (NYSE: PSN) Key Stats
Market capitalization of the company is 10.43 billion based on 146,748K outstanding shares. Right now, sales total 5,443 M and income totals 161,150 K. The company made 1,670 M in profit during its latest quarter, and 69,170 K in sales during its previous quarter.
