In yesterday’s Wall Street session, United Parks & Resorts Inc. (NYSE:PRKS) shares traded at $50.47, up 0.82% from the previous session.
PRKS stock price is now -4.67% away from the 50-day moving average and 1.49% away from the 200-day moving average. The market capitalization of the company currently stands at $3.15B.
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With the price target of $73, Guggenheim recently initiated with Buy rating for United Parks & Resorts Inc. (NYSE: PRKS). On March 26, 2024, Mizuho recently initiated its ‘Underperform’ rating on the stock quoting a target price of $47, while ‘Morgan Stanley’ rates the stock as ‘Equal-Weight’
In other news, Miller Kyle Robert, insider sold 1,000 shares of the company’s stock on May 15 ’24. The stock was sold for $54,440 at an average price of $54.44. Upon completion of the transaction, the insider now directly owns 35,735 shares in the company, valued at $1.8 million. An SEC document containing details of the transaction can be found on the SEC’s website. On May 14 ’24, Surrett Byron sold 1,424 shares of the business’s stock. A total of $77,665 was realized by selling the stock at an average price of $54.54. This leaves the insider owning 13,656 shares of the company worth $0.69 million. A total of 1.57% of the company’s stock is owned by insiders.
During the past 12 months, United Parks & Resorts Inc. has had a low of $40.87 and a high of $61.30. According to the stock market information, the enterprise value for the company is $5172737024, which is based on a 13.57 price-to-earnings ratio, a 0.94 price-to-earnings-growth ratio, and a beta of 1.95. The fifty day moving average price for PRKS is $52.9392 and a two-hundred day moving average price translates $49.7271 for the stock.
The latest earnings results from United Parks & Resorts Inc. (NYSE: PRKS) was released for 2024-03-31. The company reported revenue of $297.42 million for the quarter, compared to $293.35 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 1.39 percent.
