Powell Industries, Inc (NASDAQ:POWL) shares, rose in value on Wednesday, November 20, with price down by -16.19% to the previous day’s close as strong demand from buyers drove the stock to $261.82.
Actively observing the price movement in the last trading, the stock closed the session at $312.40, falling within a range of $252.2001 and $277.27. The value of beta (5-year monthly) was 0.858 whereas the PE ratio was 21.32 over 12-month period. Referring to stock’s 52-week performance, its high was $364.98, and the low was $75.05. On the whole, POWL has fluctuated by -1.97% over the past month.
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With the market capitalization of Powell Industries, Inc currently standing at about $3.14 billion, investors are eagerly awaiting this quarter’s results, scheduled for in December. The company’s Forward Dividend Ratio is 1.06, with its dividend yield at 0.40%.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that POWL’s technical picture suggests that short-term indicators denote the stock is a 50% 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 1.94, with the price of POWL currently trading nearly -10.71% and 2.38% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 44.50, while the 7-day volatility ratio is showing 8.43% which for the 30-day chart, stands at 6.63%. Furthermore, Powell Industries, Inc (POWL)’s beta value is 0.88, and its average true range (ATR) is 22.67.
A comparison of Powell Industries, Inc (POWL) with its peers suggests the former has fared considerably weaker in the market. POWL showed an intraday change of -16.19% in last session, and over the past year, it grew by 209.11%%.
Data on historical trading for Powell Industries, Inc (NASDAQ:POWL) indicates that the trading volumes over the past 10 days have averaged 0.6 and over the past 3 months, they’ve averaged 424.37K. According to company’s latest data on outstanding shares, there are 11.86 million shares outstanding.
Nearly 22.00% of Powell Industries, Inc’s shares belong to company insiders and institutional investors own 92.03% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 1.7 million shares as on 2024-10-31, resulting in a short ratio of 4.64. According to the data, the short interest in Powell Industries, Inc (POWL) stood at 2168.00 of shares outstanding as of 2024-10-31; the number of short shares registered in 2024-09-30 reached 1.56 million. The stock has risen by 196.18% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the POWL stock heading into the next quarter.
