Power Integrations Inc. (NASDAQ: POWI) has experienced a rise in its stock price by 9.21 compared to its previous closing price of 70.17. However, the company has seen a gain of 16.55% in its stock price over the last five trading days. Zacks Investment Research reported 2024-05-07 that Power Integrations (POWI) came out with quarterly earnings of $0.18 per share, beating the Zacks Consensus Estimate of $0.12 per share. This compares to earnings of $0.25 per share a year ago.
Is It Worth Investing in Power Integrations Inc. (NASDAQ: POWI) Right Now?
The price-to-earnings ratio for Power Integrations Inc. (NASDAQ: POWI) is above average at 83.49x. The 36-month beta value for POWI is also noteworthy at 1.16. There are mixed opinions on the stock, with 1 analysts rating it as a “buy,” 2 rating it as “overweight,” 1 rating it as “hold,” and 0 rating it as “sell.”
The public float for POWI is 55.71M, and at present, short sellers hold a 7.82% of that float. The average trading volume of POWI on May 09, 2024 was 420.91K shares.
POWI’s Market Performance
The stock of Power Integrations Inc. (POWI) has seen a 16.55% increase in the past week, with a 6.92% rise in the past month, and a 2.01% gain in the past quarter. The volatility ratio for the week is 4.07%, and the volatility levels for the past 30 days are at 3.15% for POWI. The simple moving average for the past 20 days is 14.40% for POWI’s stock, with a 0.26% simple moving average for the past 200 days.
Analysts’ Opinion of POWI
Many brokerage firms have already submitted their reports for POWI stocks, with Northland Capital repeating the rating for POWI by listing it as a “Market Perform.” The predicted price for POWI in the upcoming period, according to Northland Capital is $67 based on the research report published on February 26, 2024 of the current year 2024.
Northland Capital, on the other hand, stated in their research note that they expect to see POWI reach a price target of $67. The rating they have provided for POWI stocks is “Under Perform” according to the report published on February 12th, 2024.
TD Cowen gave a rating of “Market Perform” to POWI, setting the target price at $80 in the report published on February 09th of the current year.
POWI Trading at 10.36% from the 50-Day Moving Average
After a stumble in the market that brought POWI to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -23.06% of loss for the given period.
Volatility was left at 3.15%, however, over the last 30 days, the volatility rate increased by 4.07%, as shares surge +10.87% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +8.82% upper at present.
During the last 5 trading sessions, POWI rose by +16.55%, which changed the moving average for the period of 200-days by -15.91% in comparison to the 20-day moving average, which settled at $67.36. In addition, Power Integrations Inc. saw -6.67% in overturn over a single year, with a tendency to cut further losses.
Insider Trading
Reports are indicating that there were more than several insider trading activities at POWI starting from BALAKRISHNAN BALU, who sale 9,799 shares at the price of $68.61 back on Apr 02 ’24. After this action, BALAKRISHNAN BALU now owns 552,161 shares of Power Integrations Inc., valued at $672,286 using the latest closing price.
NAYYAR SANDEEP, the Chief Financial Officer of Power Integrations Inc., sale 1,946 shares at $69.04 during a trade that took place back on Apr 02 ’24, which means that NAYYAR SANDEEP is holding 95,037 shares at $134,353 based on the most recent closing price.
Stock Fundamentals for POWI
Current profitability levels for the company are sitting at:
- 0.07 for the present operating margin
- 0.52 for the gross margin
The net margin for Power Integrations Inc. stands at 0.12. The total capital return value is set at 0.04. Equity return is now at value 7.04, with 6.37 for asset returns.
Currently, EBITDA for the company is 72.44 million with net debt to EBITDA at -0.98. When we switch over and look at the enterprise to sales, we see a ratio of 10.01. The receivables turnover for the company is 35.01for trailing twelve months and the total asset turnover is 0.53. The liquidity ratio also appears to be rather interesting for investors as it stands at 10.14.
Conclusion
In summary, Power Integrations Inc. (POWI) has had a mixed performance as of late. Analysts have mixed opinions on the stock, with some viewing it as a “buy” and others 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.
