On Friday, Parsons Corp (NYSE: PSN) was -21.09% drop from the session before settling in for the closing price of $84.46. A 52-week range for PSN has been $54.56 – $100.46.
A company in the Technology sector has jumped its sales by 10.30% annually for the last half of the decade. When this article was written, the company’s average yearly earnings per share was at -0.86%. With a float of $54.83 million, this company’s outstanding shares have now reached $106.49 million.
Parsons Corp (PSN) Insider Updates
Also, it is sometimes useful to examine the sentiment of large-scale investors toward Parsons Corp stocks. The most recent insider transaction that took place on Feb 28 ’25, was worth 470,131. In this transaction Director of this company bought 8,064 shares at a rate of $58.30, taking the stock ownership to the 45,953 shares.
Parsons Corp (PSN) Performance Highlights and Predictions
Going through the last 3-months fiscal report unveiled on the 12/31/2024, it has been observed that the corporation posted 0.78 earnings per share (EPS) during the time that was less than consensus figure (set at 0.91) by -0.13. Wall Street market experts anticipate that the next fiscal year will bring earnings of 0.79 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around -0.86% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 7.44% during the next five years compared to 10.30% growth over the previous five years of trading.
Parsons Corp (NYSE: PSN) Trading Performance Indicators
You can see what Parsons Corp (PSN) is doing with its current performance indicators. In the most recent quarter, the stock posted a quick ratio of 1.67. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 1.09. Likewise, its price to free cash flow for the trailing twelve months is 18.54.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 3.51, a number that is poised to hit 0.81 in the next quarter and is forecasted to reach 3.50 in one year’s time.
Technical Analysis of Parsons Corp (PSN)
Let’s dig in a bit further. During the last 5-days, its volume was 3.01 million. That was better than the volume of 1.31 million it reported in year-ago period. As of the previous 9 days, the stock’s Stochastic %D was 42.39%.
During the past 100 days, Parsons Corp’s (PSN) raw stochastic average was set at 15.90%, which indicates a significant decrease from 17.73% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 2.62 in the past 14 days, which was higher than the 2.28 volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $83.76, while its 200-day Moving Average is $72.90. However, in the short run, Parsons Corp’s stock first resistance to watch stands at $69.65. Second resistance stands at $72.65. The third major resistance level sits at $76.31. If the price goes on to break the first support level at $62.99, it is likely to go to the next support level at $59.33. Assuming the price breaks the second support level, the third support level stands at $56.33.
Parsons Corp (NYSE: PSN) Key Stats
There are 106,489K outstanding shares of the company, which has a market capitalization of 7.10 billion. As of now, sales total 6,751 M while income totals 235,050 K. Its latest quarter income was 1,622 M while its last quarter net income were 64,120 K.
