Pinnacle West Capital Corp (NYSE: PNW) has experienced a rise in its stock price by 5.02 compared to its previous closing price of 86.71. However, the company has seen a gain of 4.03% in its stock price over the last five trading days. zacks.com reported 2024-11-06 that Pinnacle West (PNW) came out with quarterly earnings of $3.37 per share, beating the Zacks Consensus Estimate of $3.35 per share. This compares to earnings of $3.50 per share a year ago.
Is It Worth Investing in Pinnacle West Capital Corp (NYSE: PNW) Right Now?
The price-to-earnings ratio for Pinnacle West Capital Corp (NYSE: PNW) is above average at 16.85x, Company’s 36-month beta value is 0.53.Analysts have differing opinions on the stock, with 0 analysts rating it as a “buy,” 1 as “overweight,” 11 as “hold,” and 1 as “sell.”
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The public float for PNW is 113.38M, and currently, short sellers hold a 2.68% ratio of that floaft. The average trading volume of PNW on November 06, 2024 was 1.03M shares.
PNW’s Market Performance
PNW’s stock has seen a 4.03% increase for the week, with a 5.04% rise in the past month and a 6.63% gain in the past quarter. The volatility ratio for the week is 1.84%, and the volatility levels for the past 30 days are at 1.41% for Pinnacle West Capital Corp The simple moving average for the past 20 days is 4.03% for PNW’s stock, with a 15.23% simple moving average for the past 200 days.
Analysts’ Opinion of PNW
Many brokerage firms have already submitted their reports for PNW stocks, with Jefferies repeating the rating for PNW by listing it as a “Buy.” The predicted price for PNW in the upcoming period, according to Jefferies is $104 based on the research report published on September 20, 2024 of the current year 2024.
Ladenburg Thalmann, on the other hand, stated in their research note that they expect to see PNW reach a price target of $83.50, previously predicting the price at $74. The rating they have provided for PNW stocks is “Buy” according to the report published on June 06th, 2024.
Citigroup gave a rating of “Neutral” to PNW, setting the target price at $78 in the report published on April 29th of the current year.
PNW Trading at 3.11% 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 -0.55% of loss for the given period.
Volatility was left at 1.41%, however, over the last 30 days, the volatility rate increased by 1.84%, as shares surge +6.25% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +5.98% upper at present.
During the last 5 trading sessions, PNW rose by +4.63%, which changed the moving average for the period of 200-days by +31.52% in comparison to the 20-day moving average, which settled at $87.56. In addition, Pinnacle West Capital Corp saw 26.75% 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 Flanagan Susan T., who purchase 500 shares at the price of $86.54 back on Aug 05 ’24. After this action, Flanagan Susan T. now owns 750 shares of Pinnacle West Capital Corp, valued at $43,270 using the latest closing price.
Smith Robert Edgar, the EVP, GC, and CDO of Pinnacle West Capital Corp, sale 4,950 shares at $85.80 during a trade that took place back on Aug 09 ’24, which means that Smith Robert Edgar is holding 6,397 shares at $424,710 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 4.41. 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 a nutshell, Pinnacle West Capital Corp (PNW) 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.
