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PSN
Stock ticker: NYSE
AS OF
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Price
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Capitalization
6.64B

PSN Parsons Corp Forecast, Technical & Fundamental Analysis

a provider of technical design, engineering and software services

Technical Analysis# Of IndicatorsAvg. Odds
   
   
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A.I.Advisor
a Summary for PSN with price predictions
07:00 PM EST Nov 30, 2023

PSN sees its Stochastic Oscillator recovers from oversold territory

On December 01, 2023, the Stochastic Oscillator for PSN moved out of oversold territory and this could be a bullish sign for the stock. Traders may want to buy the stock or buy call options. Tickeron's A.I.dvisor looked at 45 instances where the indicator left the oversold zone. In of the 45 cases the stock moved higher in the following days. This puts the odds of a move higher at over .

Price Prediction Chart

Technical Analysis (Indicators)

Bullish Trend Analysis

The Momentum Indicator moved above the 0 level on December 01, 2023. You may want to consider a long position or call options on PSN as a result. In of 89 past instances where the momentum indicator moved above 0, the stock continued to climb. The odds of a continued upward trend are .

PSN moved above its 50-day moving average on October 31, 2023 date and that indicates a change from a downward trend to an upward trend.

Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where PSN advanced for three days, in of 303 cases, the price rose further within the following month. The odds of a continued upward trend are .

The Aroon Indicator entered an Uptrend today. In of 280 cases where PSN Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are .

Bearish Trend Analysis

The 10-day RSI Indicator for PSN moved out of overbought territory on November 27, 2023. This could be a bearish sign for the stock. Traders may want to consider selling the stock or buying put options. Tickeron's A.I.dvisor looked at 35 similar instances where the indicator moved out of overbought territory. In of the 35 cases, the stock moved lower in the following days. This puts the odds of a move lower at .

The Moving Average Convergence Divergence Histogram (MACD) for PSN turned negative on November 22, 2023. This could be a sign that the stock is set to turn lower in the coming weeks. Traders may want to sell the stock or buy put options. Tickeron's A.I.dvisor looked at 38 similar instances when the indicator turned negative. In of the 38 cases the stock turned lower in the days that followed. This puts the odds of success at .

Following a 3-day decline, the stock is projected to fall further. Considering past instances where PSN declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .

PSN broke above its upper Bollinger Band on November 01, 2023. This could be a sign that the stock is set to drop as the stock moves back below the upper band and toward the middle band. You may want to consider selling the stock or exploring put options.

Fundamental Analysis (Ratings)

Fear & Greed

The Tickeron Price Growth Rating for this company is (best 1 - 100 worst), indicating steady price growth. PSN’s price grows at a higher rate over the last 12 months as compared to S&P 500 index constituents.

The Tickeron PE Growth Rating for this company is (best 1 - 100 worst), pointing to consistent earnings growth. The PE Growth rating is based on a comparative analysis of stock PE ratio increase over the last 12 months compared against S&P 500 index constituents.

The Tickeron SMR rating for this company is (best 1 - 100 worst), indicating weak sales and an unprofitable business model. SMR (Sales, Margin, Return on Equity) rating is based on comparative analysis of weighted Sales, Income Margin and Return on Equity values compared against S&P 500 index constituents. The weighted SMR value is a proprietary formula developed by Tickeron and represents an overall profitability measure for a stock.

The Tickeron Valuation Rating of (best 1 - 100 worst) indicates that the company is significantly overvalued in the industry. This rating compares market capitalization estimated by our proprietary formula with the current market capitalization. This rating is based on the following metrics, as compared to industry averages: P/B Ratio (3.010) is normal, around the industry mean (4.190). P/E Ratio (48.780) is within average values for comparable stocks, (47.731). PSN's Projected Growth (PEG Ratio) (0.000) is slightly lower than the industry average of (1.399). PSN has a moderately low Dividend Yield (0.000) as compared to the industry average of (0.028). P/S Ratio (1.414) is also within normal values, averaging (13.399).

The Tickeron Profit vs. Risk Rating rating for this company is (best 1 - 100 worst), indicating that the returns do not compensate for the risks. PSN’s unstable profits reported over time resulted in significant Drawdowns within these last five years. A stable profit reduces stock drawdown and volatility. The average Profit vs. Risk Rating rating for the industry is 80, placing this stock worse than average.

A.I.Advisor
published Highlights

Notable companies

The most notable companies in this group are Accenture PLC (NYSE:ACN), International Business Machines Corp (NYSE:IBM), Xerox Holdings Corp (NASDAQ:XRX), Unisys Corp (NYSE:UIS).

Industry description

The industry, whose total market cap runs into trillions, makes hardware/software that allows data to be stored, retrieved, transmitted, and manipulated on computers. With the ever-increasing relevance of data, the information technology (IT) industry has gained momentous growth over the years, and continues to thrive on innovation. Some of the behemoths in the industry are International Business Machines Corporation, Accenture, and VMware, Inc.

Market Cap

The average market capitalization across the Information Technology Services Industry is 8.06B. The market cap for tickers in the group ranges from 0 to 208.72B. ACN holds the highest valuation in this group at 208.72B. The lowest valued company is ARSC at 0.

High and low price notable news

The average weekly price growth across all stocks in the Information Technology Services Industry was 0%. For the same Industry, the average monthly price growth was 8%, and the average quarterly price growth was -5%. BNXAF experienced the highest price growth at 64%, while AGILQ experienced the biggest fall at -82%.

Volume

The average weekly volume growth across all stocks in the Information Technology Services Industry was 96%. For the same stocks of the Industry, the average monthly volume growth was -10% and the average quarterly volume growth was -6%

Fundamental Analysis Ratings

The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows

Valuation Rating: 43
P/E Growth Rating: 62
Price Growth Rating: 56
SMR Rating: 70
Profit Risk Rating: 79
Seasonality Score: 18 (-100 ... +100)
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Technical Analysis# Of IndicatorsAvg. Odds
   
   
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A.I. Advisor
published Earnings

PSN is expected to report earnings to fall 9.28% to 62 cents per share on February 21

Parsons Corp PSN Stock Earnings Reports
Q4'23
Est.
$0.63
Q3'23
Beat
by $0.07
Q2'23
Missed
by $0.13
Q1'23
Missed
by $0.01
Q4'22
Missed
by $0.03
The last earnings report on November 01 showed earnings per share of 68 cents, beating the estimate of 62 cents. With 522.96K shares outstanding, the current market capitalization sits at 6.64B.
A.I. Advisor
published General Information

General Information

a provider of technical design, engineering and software services

Industry InformationTechnologyServices

Profile
Fundamentals
Details
Industry
Information Technology Services
Address
5875 Trinity Parkway
Phone
+1 703 988-8500
Employees
17000
Web
https://www.parsons.com
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PSN and

Correlation & Price change

A.I.dvisor indicates that over the last year, PSN has been loosely correlated with AME. These tickers have moved in lockstep 54% of the time. This A.I.-generated data suggests there is some statistical probability that if PSN jumps, then AME could also see price increases.

1D
1W
1M
1Q
6M
1Y
5Y
Ticker /
NAME
Correlation
To PSN
1D Price
Change %
PSN100%
+1.91%
AME - PSN
54%
Loosely correlated
+1.17%
EMR - PSN
51%
Loosely correlated
+1.37%
JBT - PSN
49%
Loosely correlated
+2.00%
RBC - PSN
49%
Loosely correlated
+2.57%
SAIC - PSN
49%
Loosely correlated
+2.14%
More

Groups containing PSN

Correlation & Price change

1D
1W
1M
1Q
6M
1Y
5Y
Ticker /
NAME
Correlation
To PSN
1D Price
Change %
PSN100%
+1.91%
Information Technology Services
(undefined stocks)
2%
Poorly correlated
+0.73%