Pioneer Power Solutions, Inc. (NASDAQ:PPSI) traded at $3.09 at last check on Friday, Oct 16, making a downturn move of -4.92% on its previous day’s price.
Looking at the stock we see that its previous close was $3.25 and the beta (5Y monthly) reads 0.7 with the day’s price range being $3.0200 – 3.2700. The company has a 12-month trailing PE ratio of 0. In terms of its 52-week price range, PPSI has a high of $9.43 and a low of $0.9. The company’s stock has gained about 127.21% over that past 30 days.
Analysts tracking the company’s growth have also given it a consensus growth in revenue estimated at $29Million, with a low of $29Million and a high of $29Million. The median projection represents growth adding up to 23.5% compared to sales earnings for the corresponding quarter a year ago. According to analyst consensus estimates figures, the company’s yearly revenue forecasts for 2020 are expected to hit $113Million, or +6.2% up from figures reported last year.
On the other hand, looking at the outlook for the PPSI stock, short term indicators assign the stock an average of 100% Buy, while medium term indicators assign it an average of 100% Buy. Long term indicators on average place the stock in the category of 50% Buy.
Based on estimates by 1 analysts where scores have ranged from 1.00 for a strong buy to 5.00 for a strong sell, none have rated the Pioneer Power Solutions, Inc. (PPSI) stock as a Hold, while 1 rate it as a Buy. None analysts rate it as outperform while none of them rated it as underperform, whereas none suggests the stock as a Sell. The stock has an overall rating of Buy and investors could take advantage and scoop up stock of the company.
Looking further, we note that the PEG ratio for the PPSI stock currently stands at 0, and the current price level is 16.17% off its SMA20 and 53.2% from its 50-day simple moving average. The RSI (14) is pointing at 52.65 while the volatility over the past week is 15.51% and jumps to 33.2% over the past one month. The beta value is 0.7, while the average true range (ATR) is currently pointing at 0.86. The average price target for the stock over the next 12 months is $7.5, with the estimates having a low of $7.5 and a high of $7.5. These price ends are 142.72% and +142.72% off the current price level respectively, although investors could be excited at the prospect of a +142.72% if the PPSI share price touches on the median price of $7.5.
Let’s briefly compare Pioneer (PPSI) stock to its peers. We find that today’s price change of -4.92% and -45.41% over the past 12 months for PPSI competes that of Abb Ltd (ABB), which has seen its stock price rise 0.34% in the latest trading session and is +40.96% over the last one year. Another of its peers Eaton Corp (ETN) has climbed 0.58% today, and is +34.21% up over the past year, while Emerson Electric Company (EMR) is also down -4.92% yet its price remains in the red at -45.41% over the same period. Abb has a P/E ratio of 40.21 compared to Pioneer’s 0 and Eaton’s 29.4. In contrast to these companies, both the S&P 500 Index and the Dow Jones Industrial are today at 0.01% and 0.39%, respectively, in early deals.
Coming back to Pioneer Power Solutions, Inc. (NASDAQ:PPSI), we note that the average 3-month trading volume was 6.82 Million, while that of the preceding 10-day period stands at 47.56 Million. Current shares outstanding are 8.73 Million.
According to data from Thomson Reuters, insiders hold 63.16% of the company’s shares while institutions hold 18.9%. The data shows that short shares as of September 29, 2020, stood at 644.44 Million at a short ratio of 0.49. This represents a 7.39% Short interest in Shares outstanding on September 29, 2020. Shares short rose in September from the previous month at 170.16 Million. Investors should be excited about this stock as its upside potential is great, with today’s price pushing the stock +36.12% up in year-to-date price movement.