The stock of Quanta Services, Inc. (PWR) has gone up by 7.91% for the week, with a 8.57% rise in the past month and a 5.75% rise in the past quarter. The volatility ratio for the week is 2.71%, and the volatility levels for the past 30 days are 2.76% for PWR. The simple moving average for the last 20 days is 9.40% for PWR stock, with a simple moving average of 18.54% for the last 200 days.
Is It Worth Investing in Quanta Services, Inc. (NYSE: PWR) Right Now?
The price-to-earnings ratio for Quanta Services, Inc. (NYSE: PWR) is above average at 54.68x, Company’s 36-month beta value is 1.01.Analysts have differing opinions on the stock, with 8 analysts rating it as a “buy,” 6 as “overweight,” 2 as “hold,” and 0 as “sell.”
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The public float for PWR is 145.60M, and currently, short sellers hold a 2.69% ratio of that floaft. The average trading volume of PWR on September 20, 2024 was 892.53K shares.
PWR) stock’s latest price update
Quanta Services, Inc. (NYSE: PWR)’s stock price has increased by 6.49 compared to its previous closing price of 272.06. However, the company has seen a 7.91% increase in its stock price over the last five trading sessions. zacks.com reported 2024-09-12 that Dycom Industries, Inc. DY has had a stellar year, with its stock soaring 61% year to date (YTD). The company, a key player in providing contracting services for the telecommunications and utility sectors, has outperformed its peers like Quanta Services, Inc. PWR, which has gained 21.9% YTD, MasTec, Inc. MTZ, which has gained 42.1%, and Primoris Services Corporation PRIM, which has surged 58%.
Analysts’ Opinion of PWR
Jefferies, on the other hand, stated in their research note that they expect to see PWR reach a price target of $256. The rating they have provided for PWR stocks is “Hold” according to the report published on September 04th, 2024.
TD Cowen gave a rating of “Buy” to PWR, setting the target price at $280 in the report published on August 08th of the current year.
PWR Trading at 11.06% from the 50-Day Moving Average
After a stumble in the market that brought PWR to its low price for the period of the last 52 weeks, the company was able to rebound, for now settling with 1.00% of gains for the given period.
Volatility was left at 2.76%, however, over the last 30 days, the volatility rate increased by 2.71%, as shares surge +7.56% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +12.36% upper at present.
During the last 5 trading sessions, PWR rose by +7.91%, which changed the moving average for the period of 200-days by +52.05% in comparison to the 20-day moving average, which settled at $265.85. In addition, Quanta Services, Inc. saw 34.26% 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 PWR starting from Studer Karl W, who sale 23,357 shares at the price of $270.51 back on Aug 21 ’24. After this action, Studer Karl W now owns 10,631 shares of Quanta Services, Inc., valued at $6,318,341 using the latest closing price.
Studer Karl W, the Officer of Quanta Services, Inc., proposed sale 15,538 shares at $270.63 during a trade that took place back on Aug 21 ’24, which means that Studer Karl W is holding shares at $4,205,099 based on the most recent closing price.
Stock Fundamentals for PWR
Current profitability levels for the company are sitting at:
- 0.05 for the present operating margin
- 0.13 for the gross margin
The net margin for Quanta Services, Inc. stands at 0.04. The total capital return value is set at 0.11. Equity return is now at value 12.86, with 5.15 for asset returns.
Based on Quanta Services, Inc. (PWR), the company’s capital structure generated 0.35 points at debt to capital in total, while cash flow to debt ratio is standing at 0.57. The debt to equity ratio resting at 0.54. The interest coverage ratio of the stock is 6.53.
Currently, EBITDA for the company is 1.75 billion with net debt to EBITDA at 1.84. When we switch over and look at the enterprise to sales, we see a ratio of 2.09. The receivables turnover for the company is 3.89for trailing twelve months and the total asset turnover is 1.38. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.30.
Conclusion
In a nutshell, Quanta Services, Inc. (PWR) has experienced a better performance in recent times. The stock has received mixed “buy” and “hold” ratings from analysts. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
