Parsons Corp (PSN) poses a Brand-New Opportunity for Investors with beta value of 0.78

Parsons Corp (NYSE: PSN) open the trading on Thursday, with a bit cautious approach as it glided -10.47% to $100.28, before settling in for the price of $112.01 at the close. Taking a more long-term approach, PSN posted a 52-week range of $61.10-$114.68.

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The Technology sector firm’s twelve-monthly sales growth has been 9.58% for the last half of the decade. Meanwhile, its Annual Earning per share during the time was -8.68%. Nevertheless, stock’s Earnings Per Share (EPS) this year is 39.71%. This publicly-traded company’s shares outstanding now amounts to $105.84 million, simultaneously with a float of $105.19 million. The organization now has a market capitalization sitting at $10.65 billion. At the time of writing, stock’s 50-day Moving Average stood at $104.71, while the 200-day Moving Average is $86.64.

Parsons Corp (PSN) Ownership Facts and Figures

Sometimes it helps to make our mind if we keep our tabs on how bigger investors are working with the stock of the Information Technology Services industry. Parsons Corp’s current insider ownership accounts for 0.94%, in contrast to 103.55% institutional ownership.

Parsons Corp (PSN) Earnings and Revenue Records

Wall Street market experts anticipate that the next fiscal year will bring earnings of 0.8 per share during the current fiscal year.

Parsons Corp’s EPS increase for this current 12-month fiscal period is 39.71% and is forecasted to reach 3.89 in the upcoming year. Considering the longer run, market analysts have predicted that Company’s EPS will increase by 18.56% through the next 5 years, which can be compared against the -8.68% growth it accomplished over the previous five years trading on the market.

Parsons Corp (NYSE: PSN) Trading Performance Indicators

Let’s observe the current performance indicators for Parsons Corp (PSN). It’s Quick Ratio in the last reported quarter now stands at 1.55. The Stock has managed to achieve an average true range (ATR) of 3.08. Alongside those numbers, its PE Ratio stands at $153.10, and its Beta score is 0.78. Another valuable indicator worth pondering is a publicly-traded company’s price to sales ratio for trailing twelve months, which is currently 1.64. Similarly, its price to free cash flow for trailing twelve months is now 19.47.

In the same vein, PSN’s Diluted EPS (Earnings per Share) trailing twelve months is recorded 0.66, a figure that is expected to reach 0.91 in the next quarter, and analysts are predicting that it will be 3.89 at the market close of one year from today.

Technical Analysis of Parsons Corp (PSN)

[Parsons Corp, PSN] recent stats showed that its last 5-days Average volume was superior the volume it posted in the year-ago period. During the previous 9 days, stock’s Stochastic %D was recorded 47.56% While, its Average True Range was 3.59.

Raw Stochastic average of Parsons Corp (PSN) in the period of the previous 100 days is set at 62.69%, which indicates a major rise in contrast to 6.68% during the last 2-weeks. If we go through the volatility metrics of the stock, In the past 14-days, Company’s historic volatility was 52.91% that was higher than 38.44% volatility it exhibited in the past 100-days period.