Investors' faith in Parsons' continued market outperformance and superior earnings outlook contribute to its high P/E ratio. The potential for earnings deterioration doesn't seem significant enough to justify a lower P/E, hence a strong share price fall is unlikely soon.
Pre-Market Stock Movers Gapping up $美国钢铁(X.US)$ (Shares of the steel producer surged more than 26% premarket after it rejected a $7.3 billion buyout proposal on Sunday from rival Cleveland-Cliffs and said it's reviewing “strategic alternatives.” Cleveland-Cliffs shares were flat.) $Parsons(PSN.US)$ (The technology stock climbed 2.5% in premarket trading following a rare double-upgrade in rating to buy fro...
Gainers: •$根科船务贸易(GNK.US)$+4.7% (positive Barrons article) •$NextDecade(NEXT.US)$+4.7% (files for 4618226 share common stock offering by selling shareholder) •$COMPASS Pathways(CMPS.US)$+4.7% (COMPASS Pathways presents largest ever study of psilocybin therapy at American Psychiatric Association annual meeting) •$Canoo(GOEV.US)$+3.5% (files for 48043111 share common stock offering by selling shareholder) •$American Axle & Mfg(AXL.US)$+3.7% (pr...
Salmon Klein : what valuation would you like? or which price that would be?