While United Parks & Resorts Inc has underperformed by -3.22%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, PRKS rose by 16.59%, with highs and lows ranging from $60.36 to $44.72, whereas the simple moving average jumped by 6.42% in the last 200 days.
On August 08, 2024, Goldman Downgraded United Parks & Resorts Inc (NYSE: PRKS) to Neutral. A report published by Guggenheim on April 04, 2024, Initiated its previous ‘Buy’ rating for PRKS. Mizuho also rated PRKS shares as ‘Underperform’, setting a target price of $47 on the company’s shares in an initiating report dated March 26, 2024. Morgan Stanley December 14, 2023d the rating to Equal-Weight on December 14, 2023, and set its price target from $60 to $57. JP Morgan initiated its ‘Neutral’ rating for PRKS, as published in its report on November 01, 2023. Goldman’s report from July 24, 2023 suggests a price prediction of $66 for PRKS shares, giving the stock a ‘Buy’ rating. Goldman also rated the stock as ‘Buy’.
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Analysis of United Parks & Resorts Inc (PRKS)
Further, the quarter-over-quarter increase in sales is 0.32%, showing a positive trend in the upcoming months.
United Parks & Resorts Inc’s future performance can be determined with the help of several well-rounded types of analysis and research techniques, with equity being one of the most influential. Taking into account the quick ratio of the company, currently set at 0.72, you can see that the company can cover any debts it may have, which can easily be seen in the annual report of the company.
The average volume for any stock is also a very valuable indicator of volatility, and PRKS has an average volume of 902.85K. On a monthly basis, the volatility of the stock is set at 3.28%, whereas on a weekly basis, it is put at 4.03%, with a gain of 4.54% over the past seven days. Furthermore, long-term investors anticipate a median target price of $61.00, showing growth from the present price of $55.02, which can serve as yet another indication of whether PRKS is worth investing in or should be passed over.
How Do You Analyze United Parks & Resorts Inc Shares?
Leisure giant United Parks & Resorts Inc (PRKS) is based in the USA and is one of the largest companies in the market. When comparing United Parks & Resorts Inc shares with other companies under Consumer Cyclical, the P/E value is an influential factor to note. This is because it represents an indication of the future growth of the company in terms of investors’ expectations. Ultimately, the value of the latter should demonstrate steady, rapid growth, which is an accurate measure of the company’s progress. In addition to the value of 14.37, there is a growth in quarterly earnings of 8.18%.
In addition to analyzing the fundamentals, it is also important to look at how many company employees own stock. This is because the values should be in line with investors’ expectations. As such, the current holdings of company stock inside the company are set at 1.74%. This can enable you to see the extent to which executives own the company’s stock. As opposed to executive stock, institutional ownership accounts for 123.23% of the company’s shares, contributing to an indication of company value, since large shareholders may signify strength within the organization.
PRKS shares are owned by institutional investors to the tune of 123.23% at present.
