Pinnacle West Capital Corp. (NYSE:PNW) shares, rose in value on Friday, August 09, with the stock price up by 0.70% to the previous day’s close as strong demand from buyers drove the stock to $86.00.
Actively observing the price movement in the last trading, the stock closed the session at $85.40. The PE ratio was 15.91 over 12-month period. Referring to stock’s 52-week performance, its high was $89.39, and the low was $65.20. On the whole, PNW has fluctuated by 7.49% over the past month.
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The company’s Forward Dividend Ratio is 3.52, with its dividend yield at 4.09%.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that PNW’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.
The stock’s technical analysis shows that the PEG ratio is about 2.21, with the price of PNW currently trading nearly 2.52% and 8.28% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 66.75, while the 7-day volatility ratio is showing 1.95% which for the 30-day chart, stands at 1.83%. Furthermore, Pinnacle West Capital Corp. (PNW)’s beta value is 0.51, and its average true range (ATR) is 1.55.
A comparison of Pinnacle West Capital Corp. (PNW) with its peers suggests the former has fared considerably weaker in the market. PNW showed an intraday change of 0.70% in last session, and over the past year, it grew by 10.31%%.
Data on historical trading for Pinnacle West Capital Corp. (NYSE:PNW) indicates that the trading volumes over the past 3 months, they’ve averaged 978.54K. According to company’s latest data on outstanding shares, there are 113.42 million shares outstanding.
Nearly 0.20% of Pinnacle West Capital Corp.’s shares belong to company insiders and institutional investors own 104.38% of the company’s shares. The stock has risen by 19.71% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the PNW stock heading into the next quarter.
