Pinnacle West Capital Corporation (NYSE:PNW) went up by 1.73% from its latest closing price compared to the recent 1-year high of $81.25. The company’s stock price has collected 3.91% of gains in the last five trading sessions.
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 15.38 x from its present earnings ratio. Plus, the 36-month beta value for PNW is at 0.32. 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 1 rated the stock as “overweight,” 3 rated it as “hold,” and 8 as “sell.”
The average price from analysts is $70.71, which is -$5.86 below the current price. PNW currently public float of 112.73M and currently shorts hold a 1.98% ratio of that float. Today, the average trading volume of PNW was 787.39K shares.
PNW’s Market Performance
PNW stocks went up by 3.91% for the week, with a monthly jump of 6.50% and a quarterly performance of 3.17%, while its annual performance rate touched -2.07%. The volatility ratio for the week stands at 2.17% while the volatility levels for the past 30 days are set at 1.91% for Pinnacle West Capital Corporation. The simple moving average for the period of the last 20 days is 7.02% for PNW stocks with a simple moving average of 7.42% for the last 200 days.
Analysts’ Opinion of PNW
Many brokerage firms have already submitted their reports for PNW stocks, with Credit Suisse repeating the rating for PNW by listing it as a “Underperform.” The predicted price for PNW in the upcoming period, according to Credit Suisse is $73 based on the research report published on April 26th of the current year 2022.
Barclays, on the other hand, stated in their research note that they expect to see PNW reach a price target of $78, previously predicting the price at $72. The rating they have provided for PNW stocks is “Underweight” according to the report published on April 19th, 2022.
Evercore ISI gave a rating of “Underperform” to PNW, setting the target price at $68 in the report published on March 11th of the current year.
PNW Trading at 5.36% 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 -5.76% of loss for the given period.
Volatility was left at 1.91%, however, over the last 30 days, the volatility rate increased by 2.17%, as shares surge +7.36% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +1.84% upper at present.
During the last 5 trading sessions, PNW rose by +3.91%, 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 $71.81. In addition, Pinnacle West Capital Corporation saw 8.47% in overturn over a single year, with a tendency to cut further gains.
Reports are indicating that there were more than several insider trading activities at PNW starting from Lockwood Barbara D, who sale 3,489 shares at the price of $74.25 back on May 17. After this action, Lockwood Barbara D now owns 0 shares of Pinnacle West Capital Corporation, valued at $259,058 using the latest closing price.
HATFIELD JAMES R, the EVP, Advisor to CEO of Pinnacle West Capital Corporation, sale 3,327 shares at $63.76 during a trade that took place back on Nov 09, which means that HATFIELD JAMES R is holding 25,743 shares at $212,130 based on the most recent closing price.
Stock Fundamentals for PNW
Current profitability levels for the company are sitting at:
- +15.47 for the present operating margin
- +21.81 for the gross margin
The net margin for Pinnacle West Capital Corporation stands at +16.27. Equity return is now at value 10.20, with 2.80 for asset returns.
The liquidity ratio also appears to be rather interesting for investors as it stands at 0.66.