PSN Stock Summary and Trading Ideas (Parsons | NYSE:PSN)

Parsons Corp is a provider of technology-driven solutions in the defense, intelligence, and critical infrastructure markets. The business activities of the group are carried out through Federal Solutions and Critical Infrastructure segments. The Federal Solutions segment is a high-end service and technology provider to the U.S. government, delivering timely, cost-effective solutions for mission-critical projects, whereas the Critical Infrastructure segment provides integrated design and engineering services for complex physical and digital infrastructure around the globe.

Parsons trades on the NYSE stock market under the symbol PSN.

As of December 13, 2024, PSN stock price declined to $96.56 with 458,324 million shares trading.

PSN has a beta of 0.62, meaning it tends to be less sensitive to market movements. PSN has a correlation of 0.06 to the broad based SPY ETF.

PSN has a market cap of $10.26 billion. This is considered a Large Cap stock.

Last quarter Parsons reported $2 billion in Revenue and $.95 earnings per share. This beat revenue expectation by $170 million and exceeded earnings estimates by $.15.

In the last 3 years, PSN traded as high as $114.68 and as low as $29.25.

The top ETF exchange traded funds that PSN belongs to (by Net Assets): VTI, IJH, VB, VBR, VXF.

PSN has outperformed the market in the last year with a return of +51.5%, while the SPY ETF gained +31.7%. However, in the most recent history, PSN shares have underperformed the stock market with its stock returning +1.2% in the last 3 month period and +0.7% for the last 2 week period, while SPY has returned +8.4% and +0.9%, respectively.

PSN support price is $94.96 and resistance is $99.04 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that PSN shares will trade within this expected range on the day.