Trump announces trade deal with EU following months of negotiations
In a year marked by significant volatility, PRSU stock has recorded a new 52-week low, dipping to $27.49. InvestingPro data shows the stock has fallen 33% year-to-date, with its 52-week range spanning from $27.50 to $47.49. This latest price level reflects a persistent downtrend for the company, which has seen its stock value decrease by 21.79% over the past year. Investors are closely monitoring PRSU’s performance as it navigates through a challenging economic landscape that has impacted its market valuation and investor sentiment. While currently unprofitable, InvestingPro analysts expect the company to return to profitability this year, with analyst price targets ranging from $41 to $60. The 52-week low serves as a critical juncture for the company, which is now under pressure to implement strategic changes to reverse the negative trend and restore confidence among its shareholders. Get the complete analysis with 8 additional ProTips and comprehensive metrics in the Pro Research Report.
In other recent news, Pursuit Attractions and Hospitality reported fourth-quarter revenue that exceeded analyst expectations, reaching $366.5 million compared to the consensus estimate of $250.8 million. The company also reported an adjusted loss per share of $0.15, which was significantly better than the expected loss of $1.40 per share. For the full year 2024, Pursuit’s revenue increased by 4.6% to $366.5 million, driven by higher ticket sales for attractions despite some challenges such as temporary closures and reduced visitation to Jasper National Park due to wildfires. Pursuit completed the sale of its GES business for $535 million at the end of 2024, which allowed the company to become a pure-play attractions and hospitality entity and eliminate high-cost debt. This transaction has provided Pursuit with substantial liquidity to support its growth strategy. The company anticipates revenue growth in the low-double digits for 2025 and has guided for adjusted EBITDA between $98 million and $108 million, indicating a significant increase from 2024. David Barry, Pursuit’s President and CEO, expressed optimism about the company’s position going into 2025, highlighting the expected return of leisure travel to Jasper and a strong balance sheet.
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