United Parks & Resorts Inc (NYSE:PRKS) shares, rose in value on Friday, November 01, with the stock price down by -0.11% to the previous day’s close as strong demand from buyers drove the stock to $52.57.
Actively observing the price movement in the last trading, the stock closed the session at $52.63, falling within a range of $52.54 and $53.73. The value of beta (5-year monthly) was 2.011 whereas the PE ratio was 13.73 over 12-month period. Referring to stock’s 52-week performance, its high was $60.36, and the low was $41.52. On the whole, PRKS has fluctuated by 6.12% over the past month.
With the market capitalization of United Parks & Resorts Inc currently standing at about $3.05 billion, investors are eagerly awaiting this quarter’s results, scheduled for on 2024-Nov-07.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 1.74B, with a low estimate of 536M and a high estimate of 566.7M. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 550.47M.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that PRKS’s technical picture suggests that short-term indicators denote the stock is a 100% Buy on average. However, medium-term indicators have put the stock in the category of 50% Sell while long-term indicators on average have been pointing out that it is a 100% Buy.
The stock’s technical analysis shows that the PEG ratio is about 0.95, with the price of PRKS currently trading nearly 1.14% and 2.68% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 52.25, while the 7-day volatility ratio is showing 3.16% which for the 30-day chart, stands at 3.39%. Furthermore, United Parks & Resorts Inc (PRKS)’s beta value is 2.00, and its average true range (ATR) is 1.62.
A comparison of United Parks & Resorts Inc (PRKS) with its peers suggests the former has fared considerably weaker in the market. PRKS showed an intraday change of -0.11% in last session, and over the past year, it grew by 24.40%%.
Data on historical trading for United Parks & Resorts Inc (NYSE:PRKS) indicates that the trading volumes over the past 10 days have averaged 0.65 and over the past 3 months, they’ve averaged 928.07K. According to company’s latest data on outstanding shares, there are 63.97 million shares outstanding.
Nearly 1.73% of United Parks & Resorts Inc’s shares belong to company insiders and institutional investors own 123.27% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 7.33 million shares as on 2024-10-15, resulting in a short ratio of 8.96. According to the data, the short interest in United Parks & Resorts Inc (PRKS) stood at 2430.00 of shares outstanding as of 2024-10-15; the number of short shares registered in 2024-09-13 reached 6.33 million. The stock has fallen by -0.49% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the PRKS stock heading into the next quarter.
