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Sunday, December 3, 2023

It’s Not Over Yet For Parsons Corp (NYSE: PSN)

After Hours

There may be slightly higher risks associated with pre-market and after-hours trading than during regular market hours. Due to the fact that issuers often announce critical financial information outside of regular trading hours, extended-hours trading may result in wider spreads for particular securities. After-hours trades for Parsons Corp (PSN) shows that investor sentiment remained same, with the stock’s consolidated last price to $61.69. The Parsons Corp has recorded 180,067 volume in the after hours trading session. Earlier, Yahoo Finance discussed this stock as it revealed Parsons’ AI Technology Recognized in City of Chicago’s Smart 50 Award.

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Stocks Info

As a NYSE listed company, PSN falls under the Technology sector while operating within the Information Technology Services industry segment. At the end of the last regular session, the stock closed at $61.69 and fluctuated between $62.40 as its day high and $61.34 as its day low. The current market capitalization of Parsons Corp is $6.47B. A total of 0.59 million shares were traded on the day, compared to an average of 682.77K shares.

Aside from predicting where a stock will go, investors also consider insider trades as an indicator of the stock’s future direction. During the recent three months, PSN has seen 2 BUY and 0 SELL insider trades, representing the acquisition of 1,018 and the disposition of 0 shares. Over the last 12 months, there were 27 BUYs and 3 SELLs from insiders. Insiders purchased 166,146 shares during that period but sold 17,469.

In spite of price targets being rarely accurate, it tends to exert some kind influence from time to time, and was often accepted by the market as having some value. According to analysts who have offered 12-month price targets for PSN in the last 3 months, the mean price target is $68.89 with high estimates of $75.00 and low estimates of $62.00. In terms of 52-week highs and lows, PSN has a high of $62.06 and a low of $40.61.

As of this writing, PSN has an earnings estimate of $0.62 per share for the current quarter. EPS was calculated based on a consensus of 9 estimates, with a high estimate of $0.71 per share and a lower estimate of $0.53.

Balance Sheet Annually/Quarterly

The balance sheet of a company shows what assets and liabilities a company has, as well as the amount, equity investors have invested. With the help of this information, a company’s financial ratios can be calculated to give investors an overview of the company’s prospects. PSN’s latest balance sheet shows that the firm has $342.61M in Cash & Short Term Investments as of fiscal 2021. There were $796.72M in debt and $1.03B in liabilities at the time. Its Book Value Per Share was $20.71, while its Total Shareholder’s Equity was $1.94B.

Analysts Opinion

The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. Currently, 0 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for PSN is Buy with a score of 4.30.

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