Powell Industries, Inc (NASDAQ:POWL) price on Friday, January 17, rose 1.60% above its previous day’s close as an upside momentum from buyers pushed the stock’s value to $261.34.
A look at the stock’s price movement, the close in the last trading session was $257.23, moving within a range at $255.02 and $262.52. The beta value (5-Year monthly) was 0.858 while the PE ratio in trailing twelve months stood at 21.28. Turning to its 52-week performance, $364.98 and $76.29 were the 52-week high and 52-week low respectively. Overall, POWL moved 3.47% over the past month.
Powell Industries, Inc’s market cap currently stands at around $3.15 billion, with investors looking forward to this quarter’s earnings report slated for in February. The company has a Forward Dividend ratio of 1.06, with its dividend yield at 0.41%. As such, investors might be keen on an upside in the stock’s price ahead of the scheduled earnings report.
Analysts have a consensus estimate of 232.62M for the company’s revenue for the quarter, with a low and high estimate of 209.54M and 252.22M respectively. The average forecast suggests up to a 19.90% growth in sales growth compared to quarterly growth in the same period last fiscal year. Wall Street analysts have also projected the company’s year-on-year revenue to grow to 1.11B, representing a 9.79% jump on that reported in the last financial year.
Turning to the stock’s technical picture we see that short term indicators suggest on average that POWL is a Hold. On the other hand, the stock is on average a 50% Buy as suggested by medium term indicators while long term indicators are putting the stock in 100% Buy category.
0 analyst(s) have given their forecast ratings for the stock on a scale of 1.00-5.00 for a strong buy to strong sell recommendation. A total of 0 analyst(s) rate the stock as a Hold, 0 recommend POWL as a Buy and 0 give it an Overweight rating. Meanwhile, 0 analyst(s) rate the stock as Underweight and 0 say it is a Sell. As such, the average rating for the stock is nan which could provide an opportunity for investors keen on increasing their holdings of the company’s stock.
The technical evaluation for the stock shows the PEG ratio is 1.93, with POWL’s current price about 9.87% and -2.33% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 57.02, while 7-day volatility ratio is 3.90% and 5.29% in the 30-day chart. Further, Powell Industries, Inc (POWL) has a beta value of 0.86, and an average true range (ATR) of 14.33.
If we refocus on Powell Industries, Inc (NASDAQ:POWL), historical trading data shows that trading volumes averaged 0.41 over the past 10 days and 456.49K over the past 3 months. The company’s latest data on shares outstanding shows there are 11.99 million shares.
The 22.22% of Powell Industries, Inc’s shares are in the hands of company insiders while institutional holders own 91.98% of the company’s shares. Also important is the data on short interest which shows that short shares stood at 1.7 million on 2024-10-31, giving us a short ratio of 4.64. The data shows that as of 2024-10-31 short interest in Powell Industries, Inc (POWL) stood at 2168.0 of shares outstanding, with shares short rising to 1.56 million registered in 2024-09-30. Current price change has pushed the stock 17.91% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the POWL stock continues to rise going into the next quarter.
