Quanta Services, Inc. (PWR) average volume reaches $904.41K: Is Wall Street expecting a rally?

Quanta Services, Inc. (NYSE: PWR) kicked off on Friday, down -4.86% from the previous trading day, before settling in for the closing price of $267.06. Over the past 52 weeks, PWR has traded in a range of $153.74-$286.87.

Over the past five-year period, the growth rate of yearbook sales for the company of the Industrials sector was 14.12%. While this was happening, its average annual earnings per share was recorded 17.96%. With a float of $144.55 million, this company’s outstanding shares have now reached $145.51 million.

Considering the fact that the conglomerate employs 52500 people, you should pay attention to its efficiency factor.

Quanta Services, Inc. (PWR) Insider Activity

Our next focus will be how large-scale investors are participating in this stock of the Engineering & Construction Industry. The insider ownership of Quanta Services, Inc. is 1.26%, while institutional ownership is 90.58%. The most recent insider transaction that took place on Mar 27 ’24, was worth 288,396. In this transaction EVP and General Counsel of this company sold 1,101 shares at a rate of $261.94, taking the stock ownership to the 40,065 shares. Before that another transaction happened on Mar 12 ’24, when Company’s EVP and General Counsel sold 595 for $239.61, making the entire transaction worth $142,568. This insider now owns 41,954 shares in total.

Quanta Services, Inc. (PWR) Earnings and Forecasts

According to the Wall Street analysts, stocks earnings will be around 17.96% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 17.22% during the next five years compared to 21.34% growth over the previous five years of trading.

Quanta Services, Inc. (NYSE: PWR) Trading Performance Indicators

Take a look at Quanta Services, Inc.’s (PWR) current performance indicators. Last quarter, stock had a quick ratio of 1.32. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 1.73. Likewise, its price to free cash flow for the trailing twelve months is 27.80.

For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 5.16, a number that is poised to hit 1.89 in the next quarter and is forecasted to reach 9.73 in one year’s time.

Technical Analysis of Quanta Services, Inc. (PWR)

Compared to the last year’s volume of 0.94 million, its volume of 1.06 million showed improvement in the last five days. As of the previous 9 days, the stock’s Stochastic %D was 10.07%. Additionally, its Average True Range was 7.76.

During the past 100 days, Quanta Services, Inc.’s (PWR) raw stochastic average was set at 62.17%, which indicates a significant increase from 8.03% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 28.36% in the past 14 days, which was lower than the 28.59% volatility it showed in the past 100 days.

At the time of writing, stock’s 50-day Moving Average is $267.29, while its 200-day Moving Average is $221.67. Nevertheless, the first resistance level for the watch stands at $263.96 in the near term. At $273.82, the stock is likely to face the second major resistance level. The third major resistance level sits at $280.02. If the price goes on to break the first support level at $247.90, it is likely to go to the next support level at $241.70. Should the price break the second support level, the third support level stands at $231.84.

Quanta Services, Inc. (NYSE: PWR) Key Stats

The company with the Market Capitalisation of 37.20 billion has total of 146,388K Shares Outstanding. Its annual sales at the moment are 20,882 M in contrast with the sum of 744,690 K annual income. Company’s last quarter sales were recorded 5,032 M and last quarter income was 118,360 K.