On Tuesday, Pinnacle West Capital Corp. (NYSE: PNW) opened lower -1.48% from the last session, before settling in for the closing price of $91.32. Price fluctuations for PNW have ranged from $65.20 to $91.49 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%. Company’s average yearly earnings per share was noted 7.97% at the time writing. With a float of $113.40 million, this company’s outstanding shares have now reached $113.42 million.
The extent of productivity of a business whose workforce counts for 81 workers is very important to gauge. In terms of profitability, gross margin is 34.08%, operating margin of 21.06%, and the pretax margin is 14.97%.
Pinnacle West Capital Corp. (PNW) Insider and Institutional Ownership
A key investor’s attitude towards the stock of the Utilities – Regulated Electric industry is another important factor to consider. The insider ownership of Pinnacle West Capital Corp. is 0.19%, while institutional ownership is 100.94%. The most recent insider transaction that took place on Aug 09 ’24, was worth 424,710. In this transaction EVP, GC, and CDO of this company sold 4,950 shares at a rate of $85.80, taking the stock ownership to the 6,397 shares. Before that another transaction happened on Aug 08 ’24, when Company’s VP, Finance and Treasurer sold 2,700 for $85.28, making the entire transaction worth $230,256. This insider now owns 1,508 shares in total.
Pinnacle West Capital Corp. (PNW) Latest Financial update
If we go through the results of last quarter, which was made public on 6/30/2024, the company posted 3.5 earnings per share (EPS) for the quarter, besting the agreed prediction (set at 3.41) by 0.09. Wall Street market experts anticipate that the next fiscal year will bring earnings of -0.25 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 7.97% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 7.20% 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
Check out the current performance indicators for Pinnacle West Capital Corp. (PNW). In the past quarter, the stock posted a quick ratio of 0.38. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 2.09.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 5.41, a number that is poised to hit 3.19 in the next quarter and is forecasted to reach 4.88 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 0.82 million was inferior to 1.1 million than last year’s volume. As of the previous 9 days, the stock’s Stochastic %D was 84.50%. Additionally, its Average True Range was 1.32.
During the past 100 days, Pinnacle West Capital Corp.’s (PNW) raw stochastic average was set at 91.51%, which indicates a significant increase from 70.54% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 13.72% in the past 14 days, which was lower than the 15.95% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $85.65, while its 200-day Moving Average is $76.29. Now, the first resistance to watch is $91.18. This is followed by the second major resistance level at $92.40. The third major resistance level sits at $93.23. If the price goes on to break the first support level at $89.14, it is likely to go to the next support level at $88.31. The third support level lies at $87.09 if the price breaches the second support level.
Pinnacle West Capital Corp. (NYSE: PNW) Key Stats
There are currently 113,559K shares outstanding in the company with a market cap of 10.22 billion. Presently, the company’s annual sales total 4,696 M according to its annual income of 501,560 K. Last quarter, the company’s sales amounted to 1,309 M and its income totaled 203,810 K.
