With 1.81 million shares changed hands, the volume of the stock remained heavier than its average volume of 1.4 million shares. The 52-week range on PSN shows that it touched its highest point at $114.68 and its lowest point at $54.56 during that stretch. It currently has a 1-year price target of $81.14. Beta for the stock currently stands at 0.67.
Price Performance and Earnings:
Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of PSN was up-trending over the past week, with a rise of 5.73%, but this was down by -24.53% over a month. Three-month performance dropped to -40.92% while six-month performance fell -37.44%. The stock lost -29.82% in the past year, while it has lost -36.56% so far this year. A look at the trailing 12-month EPS for PSN yields 2.09 with Next year EPS estimates of 4.12. For the next quarter, that number is 0.76. This implies an EPS growth rate of 14.76% for this year and 10.06% for next year. EPS is expected to grow by 13.37% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of 10.30%.
Float and Shares Shorts:
At present, 106.78 million PSN shares are outstanding with a float of 105.65 million shares on hand for trading.
Analysts Ratings:
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for PSN since 8 analysts follow the stock currently. There are 6 analysts who recommend BUY ratings, while 1 suggest SELL ratings. Of the remaining analysts, 0 believe that the stock is worth HOLDING, 1 give it an OVERWEIGHT rating, and 0 thinks that it’s UNDERWEIGHT. In the same way, a target price assigned to a stock can also reveal much about its potential.
EPS: Estimates vs Actual
It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy. Analysts have provided yearly estimates in a range of $3.48152 being high and $3.27263 being low. For PSN, this leads to a yearly average estimate of $3.40194. Based on analyst estimates, the high estimate for the next quarter is $1.06 and the low estimate is $0.76. The average estimate for the next quarter is thus $0.89.
