Parsons Corp [PSN] stock prices are up 1.08% to $104.80 at the moment. It is a good measure of the stock’s recent performance to check whether the stock’s short-term value is rising or falling. The PSN shares have gain 3.79% over the last week, with a monthly amount glided 9.78%, and seem to be holding up well over a long-time horizon.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
From an analyst’s perspective:
Parsons Corp [NYSE: PSN] stock has seen the most recent analyst activity on May 03, 2024, when TD Cowen upgraded its rating to a Buy and also boosted its price target to $90 from $77. Previously, Raymond James upgraded its rating to Strong Buy on May 01, 2024, and elevated its price target to $95. On January 16, 2024, upgrade upgraded it’s rating to Outperform and revised its price target to $75 on the stock. KeyBanc Capital Markets started tracking the stock assigning a Overweight rating and suggested a price target of $74 on January 10, 2024. BofA Securities upgraded its rating to a Buy and raised its price target to $65 on August 14, 2023. Truist upgraded its rating to Buy for this stock on July 28, 2023, and upped its price target to $60. In a note dated March 28, 2023, William Blair upgraded an Outperform rating on this stock.
The stock price of Parsons Corp [PSN] has been fluctuating between $53.56 and $104.36 over the past year. Currently, Wall Street analysts expect the stock to reach $82.83 within the next 12 months. Parsons Corp [NYSE: PSN] shares were valued at $104.80 at the most recent close of the market. An investor can expect a potential drop of -20.96% based on the average PSN price forecast.
Analyzing the PSN fundamentals
The Parsons Corp [NYSE:PSN] reported sales of 6.12B for trailing twelve months, representing a surge of 23.15%. Gross Profit Margin for this corporation currently stands at 0.22% with Operating Profit Margin at 0.06%, Pretax Profit Margin comes in at 0.02%, and Net Profit Margin reading is 0.01%. To continue investigating profitability, this company’s Return on Assets is posted at 0.01, Equity is 0.02 and Total Capital is 0.1. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.59.
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 103.70 points at the first support level, and at 102.59 for the second support level. However, for the 1st resistance point, the stock is sitting at 105.39, and for the 2nd resistance point, it is at 105.97.
Ratios To Look Out For
It’s worth pointing out that Parsons Corp [NYSE:PSN]’s Current Ratio is 1.80. Further, the Quick Ratio stands at 1.80, while the Cash Ratio is 0.37. Considering the valuation of this stock, the price to sales ratio is 1.82, the price to book ratio is 5.02 and price to earnings (TTM) ratio is 246.88.
