Perella Weinberg Partners (NASDAQ:PWP) shares, rose in value on Friday, January 03, with the stock price down by -1.70% to the previous day’s close as strong demand from buyers drove the stock to $23.15.
Actively observing the price movement in the last trading, the stock closed the session at $23.55, falling within a range of $22.7601 and $23.76. The value of beta (5-year monthly) was 1.487. Referring to stock’s 52-week performance, its high was $26.62, and the low was $10.73. On the whole, PWP has fluctuated by -9.07% over the past month.
With the market capitalization of Perella Weinberg Partners currently standing at about $2.08 billion, investors are eagerly awaiting this quarter’s results, scheduled for in February. The company’s Forward Dividend Ratio is 0.28, with its dividend yield at 1.21%.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 875.04M, with a low estimate of 218M and a high estimate of 225M. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 222.65M.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that PWP’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 50% 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 price of PWP currently trading nearly -4.78% and -3.38% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 41.15, while the 7-day volatility ratio is showing 3.83% which for the 30-day chart, stands at 3.98%. Furthermore, Perella Weinberg Partners (PWP)’s beta value is 1.58, and its average true range (ATR) is 0.95.
A comparison of Perella Weinberg Partners (PWP) with its peers suggests the former has fared considerably weaker in the market. PWP showed an intraday change of -1.70% in last session, and over the past year, it grew by 94.05%%.
Data on historical trading for Perella Weinberg Partners (NASDAQ:PWP) indicates that the trading volumes over the past 10 days have averaged 0.64 and over the past 3 months, they’ve averaged 497.15K. According to company’s latest data on outstanding shares, there are 56.98 million shares outstanding.
Nearly 7.04% of Perella Weinberg Partners’s shares belong to company insiders and institutional investors own 85.17% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 2.79 million shares as on 2024-12-13, resulting in a short ratio of 5.07. According to the data, the short interest in Perella Weinberg Partners (PWP) stood at 546.00 of shares outstanding as of 2024-12-13; the number of short shares registered in 2024-11-15 reached 2.55 million. The stock has fallen by -2.89% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the PWP stock heading into the next quarter.
