Powell Industries, Inc (NASDAQ:POWL) price closed higher on Friday, December 20, and jumping 0.96% above its previous close.
A look at the daily price movement shows that the last close reads $243.46, with intraday deals fluctuated between $235.04 and $257.05. The company’s 5Y monthly beta was ticking 0.858 while its P/E ratio in the trailing 12-month period read 20.01. Taking into account the 52-week price action we note that the stock hit a 52-week high of $364.98 and 52-week low of $76.29. The stock subtracted -6.12% on its value in the past month.
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Powell Industries, Inc, which has a market valuation of $2.98 billion, is expected to release its quarterly earnings report in January. The company stock has a Forward Dividend ratio of 1.06, while the dividend yield is 0.43%. It is understandable that investor optimism is growing ahead of the company’s current quarter results.
On average, analysts have forecast the company’s revenue for the quarter will hit 232.62M, with the likely lows of 209.54M and highs of 252.22M. The average estimate suggests sales growth for the quarter will likely rise by 19.90% when compared to those recorded in the same quarter in the last financial year. Staying with the analyst view, there is a consensus estimate of 1.11B for the company’s annual revenue in current year. Per this projection, the revenue is forecast to grow 9.79% above that which the company brought in the current year earning report.
Technical indicators in stocks provide crucial insights into market trends, guiding investors with precise entry and exit points based on price movements for informed decision-making.On the technical perspective front, indicators give POWL a short term outlook of Hold on average. Looking at the stock’s medium term indicators we note that it is averaging as a 50% Buy, while an average of long term indicators are currently assigning the stock as 100% Buy.
If we dive deeper into the stock’s performance we see the positive picture represented by the PEG ratio, currently standing at 1.82. The overview shows that POWL’s price is at present -6.78% off the SMA20 and -11.26% from the SMA50. The Relative Strength Index (RSI) metric on the 14-day timeframe is pointing at 43.55, with weekly volatility standing at 6.30%. The indicator jumps to 6.92% when calculated based on the past 30 days. Powell Industries, Inc (NASDAQ:POWL)’s beta value is holding at 0.86, while the average true range (ATR) indicator is currently reading 18.92.
An analysis of the Powell Industries, Inc (NASDAQ:POWL) stock in terms of its daily trading volume indicates that the 3-month average is 461.13K. However, this figure increases on the past 10-day timeline to an average of 0.52 million.
Current records show that the company has 11.99M in outstanding shares. The insiders’ percentage holdings are 22.20% of outstanding shares while the percentage share held by institutions stands at 92.29%. The stats also highlight that short interest as of 2024-10-31, stood at 1.7 million shares, which puts the short ratio at the time at 4.64. From this we can glean that short interest is 2168.00 of company’s current outstanding shares. Notably, we see that shares short in October rose slightly given the previous month’s figure stood at 1.56 million. But the 178.05% upside, the stock’s price has registered year-to-date as of last trading, will likely reignite investor interest given the prospect of it rallying even higher.
