Parsons Corp (NYSE: PSN) on Monday, plunged -2.34% from the previous trading day, before settling in for the closing price of $99.05. Within the past 52 weeks, PSN’s price has moved between $61.10 and $114.68.
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During the last 5-year period, the sales growth of Technology Sector giant was 9.58%. The company achieved an average annual earnings per share of 39.71%. With a float of $105.19 million, this company’s outstanding shares have now reached $105.84 million.
Let’s determine the extent of company efficiency that accounts for 18500 employees. In terms of profitability, gross margin is 21.56%, operating margin of 6.49%, and the pretax margin is 2.44%.
Parsons Corp (PSN) Insider Activity
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 100.37%.
Parsons Corp (PSN) Earnings and Forecasts
As on 9/30/2024, Multinational firm has announced its last quarter scores, in which it reported 0.69 earnings per share (EPS) for the period topping the consensus outlook (set at 0.63) by 0.06. Wall Street market experts anticipate that the next fiscal year will bring earnings of 0.8 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 39.71% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 18.56% 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 1.55 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 1.58. Likewise, its price to free cash flow for the trailing twelve months is 18.78.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 0.66, a number that is poised to hit 0.91 in the next quarter and is forecasted to reach 3.89 in one year’s time.
Technical Analysis of Parsons Corp (PSN)
Looking closely at Parsons Corp (NYSE: PSN), its last 5-days average volume was 1.07 million, which is a jump from its year-to-date volume of 0.91 million. As of the previous 9 days, the stock’s Stochastic %D was 24.60%. Additionally, its Average True Range was 3.12.
During the past 100 days, Parsons Corp’s (PSN) raw stochastic average was set at 53.50%, which indicates a significant increase from 16.30% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 52.82% in the past 14 days, which was higher than the 39.61% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $104.84, while its 200-day Moving Average is $87.71. However, in the short run, Parsons Corp’s stock first resistance to watch stands at $98.49. Second resistance stands at $100.26. The third major resistance level sits at $101.17. If the price goes on to break the first support level at $95.81, it is likely to go to the next support level at $94.90. Should the price break the second support level, the third support level stands at $93.13.
Parsons Corp (NYSE: PSN) Key Stats
Market capitalization of the company is 10.27 billion based on 106,190K outstanding shares. Right now, sales total 5,443 M and income totals 161,150 K. The company made 1,810 M in profit during its latest quarter, and 71,950 K in sales during its previous quarter.
