Pioneer Power Solutions, Inc. (NASDAQ:PPSI) shares, dropped in value on Wednesday, Jan 13, with the stock price down by -4.38% to the previous day’s close as weak demand from buyers trailed the stock to $5.02.
Actively observing the price movement in the last trading, the stock closed the session at $5.25, falling within a range of $4.88 and $5.65. The value of beta (5-year monthly) was 0.21 whereas the PE ratio was 0 over 12-month period. Referring to stock’s 52-week performance, its high was $9.43, and the low was $0.9. On the whole, PPSI has fluctuated by 29.38% over the past month.
Analysts have estimated the company’s revenue for the quarter at $29Million, with a low estimate of $29Million and a high estimate of $29Million. According to the average forecast, sales growth in current quarter could jump up +23.5%, compared to the corresponding quarter of last year. Wall Street analysts also predicted that in 2021, the company’s y-o-y revenues would reach $113Million, representing an increase of 6.2% from the revenues reported in the last year’s results.
We see that PPSI’s technical picture suggests that short-term indicators denote the stock is a 100% Buy on average. However, medium term indicators have put the stock in the category of 100% Buy while long term indicators on average have been pointing out that it is a 100% Buy.
1 analyst(s) have assigned their ratings of the stock’s forecast evaluation on a scale of 1.00-5.00 to indicate a strong buy to a strong sell recommendation. The stock is rated as a Hold by none analyst(s), 1 recommend it as a Buy and no body called the PPSI stock Outperform. In the meantime, none analyst(s) believe the stock as Underperform and none think it is a Sell. Thus, investors eager to increase their holdings of the company’s stock will have an opportunity to do so as the average rating for the stock is Buy.
The stock’s technical analysis shows that the PEG ratio is about 0, with the price of PPSI currently trading nearly 18.86% and 31.63% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 61.91, while the 7-day volatility ratio is showing 1361% which for the 30-day chart, stands at 9.49%. Furthermore, Pioneer Power Solutions, Inc. (PPSI)’s beta value is 0.21, and its average true range (ATR) is 0.51. The company’s stock has been forecasted to trade at an average price of $7.5 over the course of the next 52 weeks, with a low of $7.5 and a high of $7.5. Based on these price targets, the low is 49.4 off current price, whereas the price has to move +49.4% to reach the yearly target high. Additionally, analysts’ median price of $7.5 is likely to be welcomed by investors because it represents an increase of +49.4% from the current levels.
A comparison of Pioneer Power Solutions, Inc. (PPSI) with its peers suggests the former has fared considerably weaker in the market. PPSI showed an intraday change of -4.38% in last session, and over the past year, it grew by +129.22%. In comparison, Abb Ltd (ABB) has moved lower at -0.23% on the day and was up +26.76% over the past 12 months. On the other hand, the price of Eaton Corp (ETN) has fallen -2.28% on the day. The stock, however, is off 33.27% from where it was a year ago. Additionally, there is a decline of -438% for Emerson Electric Company (EMR) in last trading while the stock has seen an overall apprecation of 129.22% over the past year. The PE ratio stands at 0 for Pioneer Power Solutions, Inc., compared to 135.74 for Abb Ltd, and 37.02 for Eaton Corp. Other than that, the overall performance of the S&P 500 during the last trading session shows that it gained 0.23%. Meanwhile, the Dow Jones Industrial weakened by -0.03%.
Data on historical trading for Pioneer Power Solutions, Inc. (NASDAQ:PPSI) indicates that the trading volumes over the past 10 days have averaged 1.31 Million and over the past 3 months, they’ve averaged 3.42 Million. According to company’s latest data on outstanding shares, there are 8.73 Million shares outstanding.
Nearly 65.56% of Pioneer Power Solutions, Inc.’s shares belong to company insiders and institutional investors own 10.47% of the company’s shares, according to Thomson Reuters’ data. The data on short interest also indicates that stock shorts accounted for 436.85 Million shares as on December 30, 2020, resulting in a short ratio of 0.07. According to the data, the short interest in Pioneer Power Solutions, Inc. (PPSI) stood at 5.01% of shares outstanding as of December 30, 2020; the number of short shares registered in November reached 26.5 Million. The stock has risen by +29.72% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the PPSI stock heading into the next quarter.
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