The stock of Pinnacle West Capital Corp. (NYSE: PNW) has decreased by -1.30 when compared to last closing price of 74.04. Despite this, the company has experienced a 1.51% gain in its stock price over the last five trading sessions. Business Wire reported 2024-04-02 that PHOENIX–(BUSINESS WIRE)–Pinnacle West Capital Corp. plans to release its 2024 first-quarter financial results before the U.S. financial markets open on Thursday, May 2, 2024.
Is It Worth Investing in Pinnacle West Capital Corp. (NYSE: PNW) Right Now?
Pinnacle West Capital Corp. (NYSE: PNW) has a price-to-earnings ratio of 16.58x that is above its average ratio. Additionally, the 36-month beta value for PNW is 0.48. There are mixed opinions on the stock, with 0 analysts rating it as a “buy,” 1 rating it as “overweight,” 11 rating it as “hold,” and 1 rating it as “sell.”
The public float for PNW is 122.91M and currently, short sellers hold a 2.55% ratio of that float. The average trading volume of PNW on April 04, 2024 was 1.45M shares.
PNW’s Market Performance
PNW stock saw an increase of 1.51% in the past week, with a monthly gain of 6.08% and a quarterly increase of -0.18%. The volatility ratio for the week is 1.56%, and the volatility levels for the last 30 days are 1.66% for Pinnacle West Capital Corp. (PNW). The simple moving average for the past 20 days is 1.32% for PNW’s stock, with a -2.40% simple moving average for the past 200 days.
Analysts’ Opinion of PNW
Many brokerage firms have already submitted their reports for PNW stocks, with BofA Securities repeating the rating for PNW by listing it as a “Buy.” The predicted price for PNW in the upcoming period, according to BofA Securities is $80 based on the research report published on March 18, 2024 of the current year 2024.
UBS, on the other hand, stated in their research note that they expect to see PNW reach a price target of $71, previously predicting the price at $68. The rating they have provided for PNW stocks is “Neutral” according to the report published on March 11th, 2024.
Ladenburg Thalmann gave a rating of “Neutral” to PNW, setting the target price at $69 in the report published on February 14th of the current year.
PNW Trading at 4.27% 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 -15.05% of loss for the given period.
Volatility was left at 1.66%, however, over the last 30 days, the volatility rate increased by 1.56%, as shares surge +6.52% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +5.30% upper at present.
During the last 5 trading sessions, PNW rose by +1.51%, which changed the moving average for the period of 200-days by -12.53% in comparison to the 20-day moving average, which settled at $72.35. In addition, Pinnacle West Capital Corp. saw 1.73% in overturn over a single year, with a tendency to cut further gains.
Insider Trading
Reports are indicating that there were more than several insider trading activities at PNW starting from Smith Robert Edgar, who sale 1,610 shares at the price of $75.95 back on Dec 08 ’23. After this action, Smith Robert Edgar now owns 9,178 shares of Pinnacle West Capital Corp., valued at $122,280 using the latest closing price.
Geisler Theodore N, the President, APS of Pinnacle West Capital Corp., sale 1,484 shares at $79.93 during a trade that took place back on Aug 24 ’23, which means that Geisler Theodore N is holding 6,750 shares at $118,616 based on the most recent closing price.
Stock Fundamentals for PNW
Current profitability levels for the company are sitting at:
- 0.18 for the present operating margin
- 0.39 for the gross margin
The net margin for Pinnacle West Capital Corp. stands at 0.11. The total capital return value is set at 0.04. Equity return is now at value 8.20, with 2.07 for asset returns.
Based on Pinnacle West Capital Corp. (PNW), the company’s capital structure generated 0.63 points at debt to capital in total, while cash flow to debt ratio is standing at 0.12. The debt to equity ratio resting at 1.67. The interest coverage ratio of the stock is 2.49.
Currently, EBITDA for the company is 1.73 billion with net debt to EBITDA at 6.03. When we switch over and look at the enterprise to sales, we see a ratio of 4.11. The receivables turnover for the company is 7.12for trailing twelve months and the total asset turnover is 0.19. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.51.
Conclusion
In conclusion, Pinnacle West Capital Corp. (PNW) has seen mixed performance in recent times. Analysts have a mixed opinion on the stock, with some rating it as a “buy” and others rating it as a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
