Pinnacle West Capital Corporation (NYSE:PNW) went down by -1.11% from its latest closing price compared to the recent 1-year high of $91.88. The company’s stock price has collected -8.21% of loss in the last five trading sessions. Press Release reported on 10/11/21 that Pinnacle West Sets Date for 2021 Third-Quarter Financial Results, Webcast/Conference Call
Is It Worth Investing in Pinnacle West Capital Corporation (NYSE :PNW) Right Now?
Pinnacle West Capital Corporation (NYSE:PNW) scored a price-to-earnings ratio above its average ratio, recording 14.31 x from its present earnings ratio. Plus, the 36-month beta value for PNW is at 0.31. Opinions of the stock are interesting as 2 analysts out of 16 who provided ratings for Pinnacle West Capital Corporation declared the stock was a “buy,” while 2 rated the stock as “overweight,” 7 rated it as “hold,” and 4 as “sell.”
The average price from analysts is $72.23, which is $15.09 above the current price. PNW currently public float of 112.53M and currently shorts hold a 2.94% ratio of that float. Today, the average trading volume of PNW was 970.37K shares.
PNW’s Market Performance
PNW stocks went down by -8.21% for the week, with a monthly drop of -11.11% and a quarterly performance of -20.66%, while its annual performance rate touched -18.15%. The volatility ratio for the week stands at 3.02% while the volatility levels for the past 30 days are set at 2.13% for Pinnacle West Capital Corporation. The simple moving average for the period of the last 20 days is -7.55% for PNW stocks with a simple moving average of -16.58% for the last 200 days.
Analysts’ Opinion of PNW
Many brokerage firms have already submitted their reports for PNW stocks, with Guggenheim repeating the rating for PNW by listing it as a “Sell.” The predicted price for PNW in the upcoming period, according to Guggenheim is $58 based on the research report published on October 07th of the current year 2021.
Goldman, on the other hand, stated in their research note that they expect to see PNW reach a price target of $73, previously predicting the price at $85. The rating they have provided for PNW stocks is “Sell” according to the report published on August 20th, 2021.
KeyBanc Capital Markets gave a rating of “Underweight” to PNW, setting the target price at $72 in the report published on August 04th of the current year.
PNW Trading at -12.16% from the 50-Day Moving Average
After a stumble in the market that brought PNW to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -27.34% of loss for the given period.
Volatility was left at 2.13%, however, over the last 30 days, the volatility rate increased by 3.02%, as shares sank -9.78% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -19.72% lower at present.
During the last 5 trading sessions, PNW fell by -8.21%, which changed the moving average for the period of 200-days by -14.27% in comparison to the 20-day moving average, which settled at $71.85. In addition, Pinnacle West Capital Corporation saw -16.50% in overturn over a single year, with a tendency to cut further losses.
Stock Fundamentals for PNW
Current profitability levels for the company are sitting at:
- +22.08 for the present operating margin
- +28.55 for the gross margin
The net margin for Pinnacle West Capital Corporation stands at +15.35. The total capital return value is set at 6.59, while invested capital returns managed to touch 4.87. Equity return is now at value 10.10, with 2.90 for asset returns.
Based on Pinnacle West Capital Corporation (PNW), the company’s capital structure generated 122.83 points at debt to equity in total, while total debt to capital is 55.12. Total debt to assets is 34.56, with long-term debt to equity ratio resting at 118.50. Finally, the long-term debt to capital ratio is 53.18.
When we switch over and look at the enterprise to sales, we see a ratio of 4.46, with the company’s debt to enterprise value settled at 0.43. The receivables turnover for the company is 8.53 and the total asset turnover is 0.19. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.75.