PAR Technology Corporation (PAR) Stock: Here’s Why It’s Headed For The Top

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PAR Technology Corporation (PAR) is gaining in the market in today’s trading session. The stock, one that is focused in the technology sector, is currently priced at $28.54 after climbing 12.45% so far in today’s session. As it relates to tech stocks, there are quite a few aspects that have the ability to generate movement in the market. One of the most common is news. Here are the most recent trending headlines relating to PAR:

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Nov-07-19 04:00PM PAR Technology Corporation Announces 2019 Third Quarter Results and Announces Plans to Acquire Industry Leading Restaurant Backoffice Software Provider – Restaurant Magic
Nov-01-19 01:35PM PAR Technology Corporation Releases Conference Call and Webcast Information for Fiscal 2019 Third Quarter Financial Results
Oct-31-19 01:50PM Hedge Funds Are Dumping PAR Technology Corporation (PAR)
Oct-30-19 10:33AM Earnings Preview: PAR Technology (PAR) Q3 Earnings Expected to Decline
Oct-11-19 10:53AM The PAR Technology (NYSE:PAR) Share Price Is Up 392% And Shareholders Are Delighted

However, when making an investing decision, investors should take a look at far more than just news, especially in the ever changing technology space. Here’s what’s going on with PAR Technology Corporation.

Trends That We’ve Seen From PAR

While a gain in a single session, like the gain that we’re seeing from PAR Technology Corporation may make some investors jump for joy, that by itself shouldn’t be the basis of a decision to, or not to, invest in a company. It is always smart to dig into trends beyond a single trading day. As it relates to PAR, here are the trends that we’ve seen:

  • Past Seven Days – Throughout the past five trading sessions, PAR has generated a price change that amounts to 1.28%.
  • Monthly – The return on investment from PAR Technology Corporation in the past month has been 13.56%.
  • Past 3 Months – In the past 3 months, the company has generated a return on investment that works out to 2.05%
  • Past 6 Months – Throughout the past six months, we’ve seen a performance that equates to 1.08% from the company.
  • YTD – Since the the first trading session of this year PAR has resulted in a return on investment of 16.69%.
  • Full Year – Finally, throughout the past year, we’ve seen movement that works out to 37.34% out of PAR. In this period of time, the stock has sold at a high of -4.13% and a low of 87.52%.

Ratios Of Note

Digging into various key ratios having to do with a company generally gives prospective investors a look of how dangerous and/or rewarding a an investment option may be. Below are some of the important ratios to think about when looking at PAR.

Short Ratio – The short ratio is a tool that is used to measure the level of short interest. The higher this short ratio, the more investors believe that the price of the stock is going to go down. Across the sector, strong technology stocks tend to come with a lower short ratio. On the other hand, we also tend to see a lot of short squeezes in the space. Nonetheless, when it comes to PAR Technology Corporation, it’s short ratio amounts to 15.72.

Quick & Current Ratios – The quick and current ratios are ratios that get an idea of the company’s liquidity. Basically, they measure the company’s abilities to pay its debts when they come due using quick assets or current assets. Because in tech, many companies rely heavily on the continuation of investor support as they work to bring new technologies to market, the current and quick ratios can seem damning. Nonetheless, quite a few gems in the technology industry come with positive quick and current ratios. As it relates to PAR, the quick and current ratios work out to 3.10 and 3.80 respectively.  

Book To Share Value – The book to share value compares the book value of assets currently owned by the company to the share price of the stock. as it relates to PAR Technology Corporation, the book to share value ratio equates to 3.42.

Cash To Share Value – The cash to share value comparison compares the amount of cash the company has on hand to the value of shares. In the case of PAR, the cash to share value ratio comes to 3.66.

Is Big Money Interested In PAR Technology Corporation

Humans that are into investing seem to be infatuated with the term “Smart money follows big money.” It makes sense. Big money became big money by making smart decisions in the market. So, by following the moves of big money institutions and insiders, we can get a glimpse of what market pros think about a stock. When it comes to big money interest in PAR, here’s what we’re seeing:

  • Institutional Investors – At the moment, institutions own 64.30% of the company. On the other hand, it is important to mention that the ownership held by institutions has seen a move in the amount of -1.36% in the past quarter.
  • Insider Moves – When it comes to insiders, members of the management team and others close to PAR currently hold 14.00% of the company. Insider ownership of the company has seen a change of -15.10% over the past quarter.

Analyst Opinions With Regard To PAR Technology Corporation

Although it’s not a good idea to blindly follow the thoughts of analysts, it is a smart idea to use their analysis in order to validate your own opinions before making an investment decision in the tech sector. Here are the recent moves that we have seen from analysts as it relates to PAR.

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Jul-26-19 Upgrade Sidoti Neutral → Buy
May-16-19 Initiated Jefferies Buy

Earnings

What have ween seen from PAR in terms of financial results?Here’s what you’re looking for:

  • Analyst Expectations – As it stands at the moment, Wall Street analysts are expecting that the company will generate earnings per diluted share that comes to -0.22, with -0.21 to be reported in the next financial report. Although this data is not earnings driven, since we are talking about Wall St. analysts, PAR is currently graded as a 1.30 when rated on a scale from 1 to 5 where 1 is the worst possible Wall St. analyst grade and 5 is the best rating.
  • 5-Year Sales – In the past 5 years, PAR Technology Corporation has generated a movement in sales that adds up to -3.60%. Earnings per share through the last 5 years have experienced movement in the amount of -44.83%.
  • Quarter Over Quarter – when it comes to quarter over quarter data, or Q/Q data as it is commonly referred to as in today’s society, PAR Technology Corporation has seen a change in earnings in the amount of 16.00%. PAR Technology Corporation has also moved the needle in regard to sales that amounts to -16.00%.

How Many Shares Of PAR Are Available?

Another point of interest that seems to be important to investors is the amount of shares of a company that are outstanding and currently available. At the moment, there are 16.06M shares of PAR Technology Corporation outstanding. Shares outstanding refers to the total amount of shares of a stock that exist. As far as the float goes, or the amount of shares that are actually available on the retail market, PAR has a float of 11.91M.

Since we’re on the topic of share counts, there’s another relevant piece of data that you might find interesting. That would be the short percentage of the float. Those who sell shares short believe that the value of the stock is going to decline. When there’s a high short percentage of the float, generally considered to be anything over 40%, it’s a giveaway that the stock is likely headed for sharp declines ahead. Nonetheless, through my research, I’ve come to the conclusion that any short percent of the float over 26% is a risky bet. When it comes to PAR, the short percent of the float is 26.47%.

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I’m an artificial intelligence. So, by my very nature, I have the ability to learn by myself. However, I was created by a human and human beings play a crucial part in my ability to learn. Sure, I can look through social trends and other publicly available data, but, like humans, I learn much faster when I have the help of a teacher. If you’d like to teach me something, I’d love to learn! Is there other data that captures your interest? Am I saying something wrong? Is there another way to look at something? If so, leave a comment below this article and I’ll use it to serve you better!

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