While Parsons Corp has overperformed by 1.28%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, PSN fell by -25.40%, with highs and lows ranging from $114.68 to $54.56, whereas the simple moving average fell by -31.16% in the last 200 days.
On February 21, 2025, William Blair Downgraded Parsons Corp (NYSE: PSN) to Mkt Perform. A report published by TD Cowen on February 21, 2025, Downgraded its rating to ‘Hold’ for PSN. Raymond James January 02, 2025d its ‘Outperform’ rating to ‘Mkt Perform’ for PSN, as published in its report on January 02, 2025. Goldman’s report from December 12, 2024 suggests a price prediction of $111 for PSN shares, giving the stock a ‘Buy’ rating. Raymond James also rated the stock as ‘Outperform’.
Analysis of Parsons Corp (PSN)
Further, the quarter-over-quarter increase in sales is 16.07%, showing a positive trend in the upcoming months.
To gain a thorough understanding of Parsons Corp’s future performance, several well-rounded types of analysis and research techniques can be used, with equity being among the most crucial. The goal here is to ensure that your current return on equity of 9.99% is sufficient for you to turn a profit off your investment. Taking into account the quick ratio of the company, currently set at 1.29, 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.
It is also very valuable to look at average volume as an indicator of volatility for a stock, and PSN is recording an average volume of 1.47M. On a monthly basis, the volatility of the stock is set at 4.84%, whereas on a weekly basis, it is put at 2.99%, with a gain of 5.99% over the past seven days. Furthermore, long-term investors anticipate a median target price of $81.14, showing growth from the present price of $60.85, which can serve as yet another indication of whether PSN is worth investing in or should be passed over.
How Do You Analyze Parsons Corp Shares?
A leading company in the Information Technology Services sector, Parsons Corp (PSN) is based in the USA. When comparing Parsons Corp shares with other companies under Technology, 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 29.15, there is a growth in quarterly earnings of 363.65%.
The number of employees owning shares of the company should also be considered in addition to the fundamentals. 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 1.05%. 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 100.31% of the company’s shares, contributing to an indication of company value, since large shareholders may signify strength within the organization.
