The stock of Perella Weinberg Partners (PWP) has gone up by 9.62% for the week, with a 8.71% rise in the past month and a 22.73% rise in the past quarter. The volatility ratio for the week is 4.24%, and the volatility levels for the past 30 days are 5.00% for PWP. The simple moving average for the past 20 days is 8.15% for PWP’s stock, with a 40.27% simple moving average for the past 200 days.
Is It Worth Investing in Perella Weinberg Partners (NASDAQ: PWP) Right Now?
Additionally, the 36-month beta value for PWP is 1.51. There are mixed opinions on the stock, with 0 analysts rating it as a “buy,” 0 rating it as “overweight,” 0 rating it as “hold,” and 0 rating it as “sell.”
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The public float for PWP is 46.78M and currently, short sellers hold a 6.93% ratio of that float. The average trading volume of PWP on August 20, 2024 was 516.53K shares.
PWP) stock’s latest price update
Perella Weinberg Partners (NASDAQ: PWP)’s stock price has dropped by -0.10 in relation to previous closing price of 19.73. Nevertheless, the company has seen a gain of 9.62% in its stock price over the last five trading days. seekingalpha.com reported 2024-08-05 that PWP had a great quarter, but management is playing it down because the timing effects of big and idiosyncratic closures have quite a bit to do with it. Perella Weinberg is likely to have a strong performance this year on the back of solid M&A positioning and restructuring, but the hope is for a sponsor market pickup. Valuation is alright, but it’s not great due to substantial dilutive effects. It’s relatively expensive within the pack, although not the most expensive. So it’s a pass for now.
Analysts’ Opinion of PWP
Many brokerage firms have already submitted their reports for PWP stocks, with Keefe Bruyette repeating the rating for PWP by listing it as a “Outperform.” The predicted price for PWP in the upcoming period, according to Keefe Bruyette is $16 based on the research report published on January 29, 2024 of the current year 2024.
Goldman, on the other hand, stated in their research note that they expect to see PWP reach a price target of $11.50, previously predicting the price at $14. The rating they have provided for PWP stocks is “Sell” according to the report published on January 09th, 2024.
PWP Trading at 17.35% from the 50-Day Moving Average
After a stumble in the market that brought PWP to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -0.95% of loss for the given period.
Volatility was left at 5.00%, however, over the last 30 days, the volatility rate increased by 4.24%, as shares surge +7.84% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +35.96% upper at present.
During the last 5 trading sessions, PWP rose by +9.34%, which changed the moving average for the period of 200-days by +95.23% in comparison to the 20-day moving average, which settled at $18.30. In addition, Perella Weinberg Partners saw 61.16% 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 PWP starting from Shendelman Vladimir, who sale 7,722 shares at the price of $12.46 back on Dec 14 ’23. After this action, Shendelman Vladimir now owns 67,341 shares of Perella Weinberg Partners, valued at $96,216 using the latest closing price.
Stock Fundamentals for PWP
Current profitability levels for the company are sitting at:
- -0.28 for the present operating margin
- -0.11 for the gross margin
The net margin for Perella Weinberg Partners stands at -0.26. The total capital return value is set at -0.47. Equity return is now at value -32.48, with -18.63 for asset returns.
Currently, EBITDA for the company is -100.42 million with net debt to EBITDA at 0.02. When we switch over and look at the enterprise to sales, we see a ratio of 2.32. The receivables turnover for the company is 7.71for trailing twelve months and the total asset turnover is 1.12. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.51.
Conclusion
In conclusion, Perella Weinberg Partners (PWP) has seen better 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 is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
