The stock of Pinnacle West Capital Corp. (PNW) has seen a -0.22% decrease in the past week, with a 2.70% gain in the past month, and a 17.92% flourish in the past quarter. The volatility ratio for the week is 1.76%, and the volatility levels for the past 30 days are at 1.44% for PNW. The simple moving average for the past 20 days is 0.63% for PNW’s stock, with a 16.57% simple moving average for the past 200 days.
Is It Worth Investing in Pinnacle West Capital Corp. (NYSE: PNW) Right Now?
Pinnacle West Capital Corp. (NYSE: PNW) has a higher price-to-earnings ratio of 16.47x compared to its average ratio, The 36-month beta value for PNW is at 0.51. Analysts have varying views on the stock, with 0 analysts rating it as a “buy,” 1 rating it as “overweight,” 11 as “hold,” and 1 as “sell.”
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The public float for PNW is 113.40M, and currently, shorts hold a 4.60% of that float. The average trading volume for PNW on September 20, 2024 was 895.09K shares.
PNW) stock’s latest price update
Pinnacle West Capital Corp. (NYSE: PNW) has seen a decline in its stock price by -1.33 in relation to its previous close of 90.22. However, the company has experienced a -0.22% decline in its stock price over the last five trading sessions. seekingalpha.com reported 2024-08-22 that Opposition hedging, while common, can reduce returns as it hedges against the main portfolio direction. We prefer using companies with inherently resilient business models to reduce economic exposure. Investing in recession-resistant stocks like Postal Realty, Crown Castle, Pinnacle West, Albertsons, and Farmland Partners can provide a better hedge against adverse macroeconomic outcomes.
Analysts’ Opinion of PNW
Many brokerage firms have already submitted their reports for PNW stocks, with Ladenburg Thalmann repeating the rating for PNW by listing it as a “Buy.” The predicted price for PNW in the upcoming period, according to Ladenburg Thalmann is $83.50 based on the research report published on June 06, 2024 of the current year 2024.
Citigroup, on the other hand, stated in their research note that they expect to see PNW reach a price target of $78. The rating they have provided for PNW stocks is “Neutral” according to the report published on April 29th, 2024.
BofA Securities gave a rating of “Buy” to PNW, setting the target price at $80 in the report published on March 18th of the current year.
PNW Trading at 3.63% 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 -2.78% of loss for the given period.
Volatility was left at 1.44%, however, over the last 30 days, the volatility rate increased by 1.76%, as shares surge +2.05% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +13.42% upper at present.
During the last 5 trading sessions, PNW fell by -0.22%, which changed the moving average for the period of 200-days by +18.57% in comparison to the 20-day moving average, which settled at $88.55. In addition, Pinnacle West Capital Corp. saw 23.91% 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 4,950 shares at the price of $85.80 back on Aug 09 ’24. After this action, Smith Robert Edgar now owns 6,397 shares of Pinnacle West Capital Corp., valued at $424,710 using the latest closing price.
Mountain Paul J, the VP, Finance and Treasurer of Pinnacle West Capital Corp., sale 2,700 shares at $85.28 during a trade that took place back on Aug 08 ’24, which means that Mountain Paul J is holding 1,508 shares at $230,256 based on the most recent closing price.
Stock Fundamentals for PNW
Current profitability levels for the company are sitting at:
- 0.21 for the present operating margin
- 0.34 for the gross margin
The net margin for Pinnacle West Capital Corp. stands at 0.13. The total capital return value is set at 0.05. Equity return is now at value 10.16, with 2.49 for asset returns.
Based on Pinnacle West Capital Corp. (PNW), the company’s capital structure generated 0.61 points at debt to capital in total, while cash flow to debt ratio is standing at 0.13. The debt to equity ratio resting at 1.56. The interest coverage ratio of the stock is 2.87.
Currently, EBITDA for the company is 1.73 billion with net debt to EBITDA at 5.73. When we switch over and look at the enterprise to sales, we see a ratio of 4.36. The receivables turnover for the company is 5.66for 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 0.55.
Conclusion
In conclusion, Pinnacle West Capital Corp. (PNW) has had a better performance lately. Opinion on the stock among analysts is mixed, with some giving it a “buy” rating and others 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.
