A new trading day began on Tuesday, with Pinnacle West Capital Corp. (NYSE: PNW) stock price down -0.27% from the previous day of trading, before settling in for the closing price of $74.70. PNW’s price has ranged from $65.20 to $86.03 over the past 52 weeks.
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It was noted that within the last five years, the titan of the Utilities sector saw sales topped by 5.13%. Meanwhile, its annual earnings per share averaged 7.38%. With a float of $122.93 million, this company’s outstanding shares have now reached $123.20 million.
The extent of productivity of a business whose workforce counts for 81 workers is very important to gauge.
Pinnacle West Capital Corp. (PNW) Insider and Institutional Ownership
As we move forward, let’s examine how large-scale investors are investing in this stock of the Utilities – Regulated Electric Industry. The insider ownership of Pinnacle West Capital Corp. is 0.22%, while institutional ownership is 85.23%. The most recent insider transaction that took place on Dec 08 ’23, was worth 122,280. In this transaction EVP, GC, and CDO of this company sold 1,610 shares at a rate of $75.95, taking the stock ownership to the 9,178 shares. Before that another transaction happened on Aug 24 ’23, when Company’s President, APS sold 1,484 for $79.93, making the entire transaction worth $118,616. This insider now owns 6,750 shares in total.
Pinnacle West Capital Corp. (PNW) Latest Financial update
According to the Wall Street analysts, stocks earnings will be around 7.38% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 6.90% during the next five years compared to -0.59% drop over the previous five years of trading.
Pinnacle West Capital Corp. (NYSE: PNW) Trading Performance Indicators
Here are Pinnacle West Capital Corp.’s current performance indicators. According to the last quarter’s results, the stock had a quick ratio of 0.34. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 1.95.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 4.41, a number that is poised to hit -0.01 in the next quarter and is forecasted to reach 4.94 in one year’s time.
Technical Analysis of Pinnacle West Capital Corp. (PNW)
The latest stats from [Pinnacle West Capital Corp., PNW] show that its last 5-days average volume of 0.73 million was inferior to 1.35 million than last year’s volume. As of the previous 9 days, the stock’s Stochastic %D was 90.17%. Additionally, its Average True Range was 1.26.
During the past 100 days, Pinnacle West Capital Corp.’s (PNW) raw stochastic average was set at 77.31%, which indicates a significant decrease from 82.88% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 20.39% in the past 14 days, which was lower than the 22.09% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $71.34, while its 200-day Moving Average is $74.20. Now, the first resistance to watch is $75.06. This is followed by the second major resistance level at $75.63. The third major resistance level sits at $75.97. If the price goes on to break the first support level at $74.15, it is likely to go to the next support level at $73.81. The third support level lies at $73.24 if the price breaches the second support level.
Pinnacle West Capital Corp. (NYSE: PNW) Key Stats
With a market capitalization of 9.18 billion, the company has a total of 113,557K Shares Outstanding. Currently, annual sales are 4,696 M while annual income is 501,560 K. The company’s previous quarter sales were 991,570 K while its latest quarter income was -20 K.
