Parsons Corporation (NYSE:PSN) saw an upside of 1.08% to close Friday at $55.45 after adding $0.59 on the day. The 5-day average trading volume is 591,040 shares of the company’s common stock. It has gained $56.16 in the past week and touched a new high 1 time within the past 5 days. An average of 637,770 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 484,594.
PSN’s 1-month performance is 16.39% or $7.74 on its low of $46.97 reached on 07/25/23. The company’s shares have touched a 52-week low of $38.67 and high of $56.16, with the stock’s rally to the 52-week high happening on 08/14/23. YTD, PSN has achieved 19.89% or $9.20 and has reached a new high 20 times. However, the current price is down -1.27% from the 52-week high price.
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Valuation Metrics
PSN stock has a beta of 0.78. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 1.21 while the price-to-book (PB) in the most recent quarter is 2.75, with the price to cash flow ratio at 30.09.
Parsons Corporation’s quick ratio for the period ended June 29 was 1.50, with the current ratio over the same period at 1.50. As well, the company’s long term debt to equity for the quarter ending June 29 was 0.35, while the total debt to equity was 0.35. In terms of profitability, the gross margin trailing 12 months is 22.00%. The trailing 12-month EBITDA margin is 7.09% while for the period ending June 29, Parsons Corporation’s operating margin was 5.10%. The firm’s gross profit as reported stood at $946.72 million against revenue of $4.2 billion.
Earnings Surprise
For the quarterly period ending June 29 this year, Net income and sales went up compared to those figures reported in the previous quarter. Net income grew 57.68% to $43.24 million, while revenue of $25.55 million was 40.91% off the previous quarter. Analysts expected PSN to announce $0.51 per share in earnings in its latest quarter, but it posted $0.63, representing a 23.50% surprise. EBITDA for the quarter stood at more than $105.89 million. PSN stock balance sheet for the quarter ending June 29 shows that total liabilities totaled 2.32 billion, with total debt at $936.69 million. Shareholders hold equity totaling $104.89 million.
Let’s look briefly at Parsons Corporation (PSN) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 18 August was 71.70% to suggest the stock is trending Overbought, with historical volatility in this time period at 13.05%.
The stock’s 5-day moving average is $55.39, reflecting a +1.33% or $0.73 change from its current price. PSN is currently trading +16.98% above its 20-day SMA, +28.62% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by +18.91% and SMA200 by+18.28%.
Stochastic %K and %D was 87.94% and 90.22% and the average true range (ATR) pointed at 1.05. The RSI (14) points at 72.71%, while the 14-day stochastic is at 89.90% with the period’s ATR at 1.03. The stock’s 9-day MACD Oscillator is pointing at 0.27 and 0.90 on the 14-day charts.
Analyst Ratings
In the most recent analyst report for Parsons Corporation (NYSE: PSN), BofA Securities upgraded it to a Buy rating. They previously had an Underperform rating on the stock.
