United Parks & Resorts Inc. (PRKS) stock hits $54.31: Is it a good time to buy or wait for a dip?

United Parks & Resorts Inc. [PRKS] stock prices are up 3.06% to $54.31 at the moment. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The PRKS shares have gain 6.43% over the last week, with a monthly amount glided 10.16%, and seem to be holding up well over a long-time horizon.

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From an analyst’s perspective:

United Parks & Resorts Inc. [NYSE: PRKS] stock has seen the most recent analyst activity on April 04, 2024, when Guggenheim initiated its Buy rating and assigned the stock a price target of $73. Previously, Mizuho started tracking the stock with Underperform rating on March 26, 2024, and set its price target to $47. On December 14, 2023, downgrade downgraded it’s rating to Equal-Weight and revised its price target to $57 on the stock. Goldman reiterated its recommendation of a Buy and reduced its price target to $66 on July 24, 2023. Goldman started tracking with a Buy rating for this stock on May 31, 2023, and assigned it a price target of $75. In a note dated May 25, 2023, KeyBanc Capital Markets initiated an Sector Weight rating.

The stock price of United Parks & Resorts Inc. [PRKS] has been fluctuating between $40.87 and $58.44 over the past year. Currently, Wall Street analysts expect the stock to reach $60.5 within the next 12 months. United Parks & Resorts Inc. [NYSE: PRKS] shares were valued at $54.31 at the most recent close of the market. An investor can expect a potential return of 11.4% based on the average PRKS price forecast.

Analyzing the PRKS fundamentals

The United Parks & Resorts Inc. [NYSE:PRKS] reported sales of 1.73B for trailing twelve months, representing a surge of 1.39%. Gross Profit Margin for this corporation currently stands at 0.81% with Operating Profit Margin at 0.27%, Pretax Profit Margin comes in at 0.19%, and Net Profit Margin reading is 0.14%. To continue investigating profitability, this company’s Return on Assets is posted at 0.09, Equity is 0.6 and Total Capital is 0.22. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at -8.67.

Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 53.17 points at the first support level, and at 52.02 for the second support level. However, for the 1st resistance point, the stock is sitting at 55.03, and for the 2nd resistance point, it is at 55.74.

Ratios To Look Out For

It’s worth pointing out that United Parks & Resorts Inc. [NYSE:PRKS]’s Current Ratio is 0.77. As well, the Quick Ratio is 0.67, while the Cash Ratio is 0.42. Considering the valuation of this stock, the price to sales ratio is 1.96 and price to earnings (TTM) ratio is 14.61.

Transactions by insiders

Recent insider trading involved Dold Christopher, Chief Zoological Officer, that happened on Jun 06 ’24 when 32518.0 shares were sold., Miller Kyle Robert completed a deal on May 15 ’24 to sell 1000.0 shares. Meanwhile, Surrett Byron sold 1424.0 shares on May 14 ’24.

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