Par Technology Corp [NYSE: PAR] price surged by 0.23 percent to reach at $0.13.
The one-year PAR stock forecast points to a potential upside of 35.15. The average equity rating for PAR stock is currently 1.40, trading closer to a bullish pattern in the stock market.
Guru’s Opinion on Par Technology Corp [PAR]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for PAR shares is $87.00 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on PAR stock is a recommendation set at 1.40. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
Jefferies have made an estimate for Par Technology Corp shares, keeping their opinion on the stock as Buy, with their previous recommendation back on August 12, 2024. While these analysts kept the previous recommendation, Stephens raised their target price from $46 to $60. The new note on the price target was released on June 13, 2024, representing the official price target for Par Technology Corp stock. Previously, the target price had yet another raise to $59, while The Benchmark Company analysts kept a Buy rating on PAR stock.
The Average True Range (ATR) for Par Technology Corp is set at 3.42, with the Price to Sales ratio for PAR stock in the period of the last 12 months amounting to 5.89. The Price to Book ratio for the last quarter was 2.51, with the Price to Cash per share for the same quarter was set at 2.70.
PAR Stock Performance Analysis:
Par Technology Corp [PAR] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 3.50. With this latest performance, PAR shares dropped by -8.25% in over the last four-week period, additionally sinking by -1.16% over the last 6 months – not to mention a rise of 36.25% in the past year of trading.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for PAR stock in for the last two-week period is set at 44.40, with the RSI for the last a single of trading hit 46.78, and the three-weeks RSI is set at 43.46 for Par Technology Corp [PAR]. The present Moving Average for the last 50 days of trading for this stock 61.97, while it was recorded at 55.89 for the last single week of trading, and 62.05 for the last 200 days.
Insight into Par Technology Corp Fundamentals:
Par Technology Corp’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.75 and a Current Ratio set at 1.95.
Par Technology Corp [PAR] Institutonal Ownership Details
There are presently around $102.04%, or 104.33%% of PAR stock, in the hands of institutional investors. The top three institutional holders of PAR stocks are: T. ROWE PRICE INVESTMENT MANAGEMENT, INC. with ownership of 5.35 million shares, which is approximately 15.7321%. CAPITAL RESEARCH GLOBAL INVESTORS, holding 3.53 million shares of the stock with an approximate value of $$166.27 million in PAR stocks shares; and CAPITAL RESEARCH GLOBAL INVESTORS, currently with $$126.53 million in PAR stock with ownership which is approximately 9.1038%.
