Powell Industries, Inc (NASDAQ:POWL) shares, rose in value on Friday, January 24, with the stock price up by 0.12% to the previous day’s close as strong demand from buyers drove the stock to $290.80.
Actively observing the price movement in the last trading, the stock closed the session at $290.44, falling within a range of $282.96 and $298.37. The value of beta (5-year monthly) was 0.858 whereas the PE ratio was 23.67 over 12-month period. Referring to stock’s 52-week performance, its high was $364.98, and the low was $76.29. On the whole, POWL has fluctuated by 18.31% over the past month.
With the market capitalization of Powell Industries, Inc currently standing at about $3.51 billion, investors are eagerly awaiting this quarter’s results, scheduled for in February. The company’s Forward Dividend Ratio is 1.06, with its dividend yield at 0.36%.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 1.11B, with a low estimate of 209.54M and a high estimate of 252.22M. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 232.62M.
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 price of POWL currently trading nearly 16.70% and 9.86% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 61.81, while the 7-day volatility ratio is showing 7.36% which for the 30-day chart, stands at 5.52%. Furthermore, Powell Industries, Inc (POWL)’s beta value is 0.90, and its average true range (ATR) is 17.41.
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 0.12% in last session, and over the past year, it grew by 270.92%%.
Data on historical trading for Powell Industries, Inc (NASDAQ:POWL) indicates that the trading volumes over the past 10 days have averaged 0.43 and over the past 3 months, they’ve averaged 468.12K. According to company’s latest data on outstanding shares, there are 11.99 million shares outstanding.
Nearly 21.90% of Powell Industries, Inc’s shares belong to company insiders and institutional investors own 88.89% 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 31.20% 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.
