Pinnacle West Capital Corporation (NYSE: PNW) on January 24, 2023, started off the session at the price of $73.76, soaring 0.41% from the previous trading day. During the day, the shares moved up to $74.36 and dropped to $72.82 before settling in for the closing price of $73.76. Within the past 52 weeks, PNW’s price has moved between $59.03 and $80.60.
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A company in the Utilities sector has jumped its sales by 1.70% annually for the last half of the decade. The company achieved an average annual earnings per share of 16.20%. With a float of $112.50 million, this company’s outstanding shares have now reached $113.21 million.
In an organization with 91 employees, it is important to assess its efficiency. In terms of profitability, gross margin is +21.81, operating margin of +15.47, and the pretax margin is +19.61.
Pinnacle West Capital Corporation (PNW) Insider and Institutional Ownership
Observing investor behavior towards Utilities – Regulated Electric industry stocks is more important than anything else. The insider ownership of Pinnacle West Capital Corporation is 0.10%, while institutional ownership is 90.70%. The most recent insider transaction that took place on Dec 06, was worth 53,659. In this transaction SVP, Advisor to CEO of this company sold 689 shares at a rate of $77.88, taking the stock ownership to the 0 shares. Before that another transaction happened on May 17, when Company’s SVP, Public Policy, APS sold 3,489 for $74.25, making the entire transaction worth $259,058. This insider now owns 0 shares in total.
Pinnacle West Capital Corporation (PNW) Latest Financial update
As on 6/29/2022, Multinational firm has announced its last quarter scores, in which it reported $1.45 earnings per share (EPS) for the period topping the consensus outlook (set at $1.32) by $0.13. This company achieved a net margin of +16.27 while generating a return on equity of 10.72. Wall Street market experts anticipate that the next fiscal year will bring earnings of -0.19 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 16.20% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will plunge by -3.96% during the next five years compared to 5.40% growth over the previous five years of trading.
Pinnacle West Capital Corporation (NYSE: PNW) Trading Performance Indicators
Pinnacle West Capital Corporation (PNW) is currently performing well based on its current performance indicators. A quick ratio of 0.80 was reported for the most recent quarter. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 2.01.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 4.40, a number that is poised to hit -0.20 in the next quarter and is forecasted to reach 4.17 in one year’s time.
Technical Analysis of Pinnacle West Capital Corporation (PNW)
Let’s dig in a bit further. During the last 5-days, its volume was 0.95 million. That was better than the volume of 0.88 million it reported in year-ago period. As of the previous 9 days, the stock’s Stochastic %D was 32.48%. Additionally, its Average True Range was 1.47.
During the past 100 days, Pinnacle West Capital Corporation’s (PNW) raw stochastic average was set at 69.68%, which indicates a significant increase from 28.44% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 20.41% in the past 14 days, which was lower than the 26.51% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $76.05, while its 200-day Moving Average is $73.31. However, in the short run, Pinnacle West Capital Corporation’s stock first resistance to watch stands at $74.67. Second resistance stands at $75.29. The third major resistance level sits at $76.21. If the price goes on to break the first support level at $73.13, it is likely to go to the next support level at $72.21. The third support level lies at $71.59 if the price breaches the second support level.
Pinnacle West Capital Corporation (NYSE: PNW) Key Stats
Market capitalization of the company is 8.25 billion based on 113,140K outstanding shares. Right now, sales total 3,804 M and income totals 618,720 K. The company made 1,470 M in profit during its latest quarter, and 326,330 K in sales during its previous quarter.