The stock of PAR Technology Corporation (NYSE:PAR) increased by $3.6 on Friday to finish at $37.19, up 10.72 percent. The last five days have seen an average of 406,580 shares of common stock traded. 15 times new highs were reached in the current year, with a gain of $11.12. The average number of shares traded over the last 20 days was 209,560, while the average volume over the last 50 days totaled 218,168.
PAR stock appreciated 7.89% since last month. On 08/10/23, the company’s shares reached a one-month low of $31.47. The stock touched a high of $42.03 on 02/14/23, after rallying from a low of $20.37 in 52 weeks. The price of PAR stock has risen by 42.65% or $11.12 this year, reaching a new high 15 times. Still, the stock price is down -11.52% from the 52-week high.
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Valuation Metrics
Beta for the stock is 1.83. There are also a few other valuation ratios worth considering, including the trailing price-to-sales (P/S) ratio of 2.45, the price-to-book (PB) ratio of 2.97.
Company paid $0.31 per share in dividends, an increase of 1723.53% from $0.0170 last year.
Financial Health
For the recent quarter, PAR Technology Corporation’s quick ratio was 2.00, while its current ratio was 2.30, indicating its ability to pay off its debt. The company’s long-term debt to equity ratio for the recent quarter is 1.10, and the total debt to equity ratio is 1.14. As far as profitability goes, gross margin for the trailing twelve months is 24.40% percent. PAR Technology Corporation’s EBITDA margin for the recent year was -9.39%, whereas its operating margin stood at -16.10% for the same period. Based on annual data, it had gross profit of $89.29 million and revenue of $355.8 million.
Investors will also look at the performance of the company’s management in order to determine the potential profitability of their investment. PAR’s return on assets (ROA) during the last 12 months has been -8.40%. There was a -7.80% return on investment (ROI) in the past year. In the meantime, the return on equity (ROE) for the last 12 months was -19.30%.
Earnings Surprise
A higher net income was reported in the quarter under review than the previous quarter. Net income for the quarter came in at $100.53 million, while revenues rose by 15.36% to $100.44 million. EBITDA was -$10.77 million for the quarter. At the end of PAR Technology Corporation’s most recent quarter, its liabilities totaled 474.27 million, while its total debt was $394.34 million. Equity owned by shareholders amounts to $27.45 million.
Technical Picture
Here’s a quick look at PAR Technology Corporation’s (PAR) price momentum from a technical perspective. As of 11 August, the RSI 9-day stood at 61.79%, suggesting the stock is Neutral, with a 67.55% historical volatility rate.
The stochastic %K and %D were 70.04% and 75.64% respectively, while the average true range (ATR) was 1.80. Based on the 14-day stochastic reading of 99.65%, the RSI (14) reading is 60.11%. On the 9-day MACD Oscillator, the stock is at -0.23, and the 14-day reading is at 0.47.
Analyst Ratings
In its analyst report released on July 26, 2023, Lake Street began covering PAR Technology Corporation (NYSE: PAR). The stock was rated as a Buy by the brokerage firm.
What is PAR’s price target for the next 12 months?
The current consensus forecast for the stock is between $35.00 and $47.00, with a median target price of $40.50. In analyzing these forecasts, the average price target given by analysts for PAR Technology Corporation (PAR) is $40.17.
