Pinnacle West Capital Corp (NYSE: PNW) on Tuesday, soared 1.51% from the previous trading day, before settling in for the closing price of $87.83. Within the past 52 weeks, PNW’s price has moved between $66.26 and $95.42.
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A company in the Utilities sector has jumped its sales by 7.91% annually for the last half of the decade. The company achieved an average annual earnings per share of 16.35%. With a float of $113.42 million, this company’s outstanding shares have now reached $113.63 million.
In an organization with 81 employees, it is important to assess its efficiency. In terms of profitability, gross margin is 34.31%, operating margin of 21.12%, and the pretax margin is 14.86%.
Pinnacle West Capital Corp (PNW) Insider Updates
Observing investor behavior towards Utilities – Regulated Electric industry stocks is more important than anything else. The insider ownership of Pinnacle West Capital Corp is 0.25%, while institutional ownership is 103.32%. The most recent insider transaction that took place on Nov 13 ’24, was worth 860,239. In this transaction EVP, COO, APS of this company sold 9,474 shares at a rate of $90.80, taking the stock ownership to the 56 shares. Before that another transaction happened on Nov 12 ’24, when Company’s EVP, COO, APS proposed sale 9,474 for $91.91, making the entire transaction worth $870,755.
Pinnacle West Capital Corp (PNW) Performance Highlights and Predictions
According to the Wall Street analysts, stocks earnings will be around 16.35% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 5.50% 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
Pinnacle West Capital Corp (PNW) is currently performing well based on its current performance indicators. A quick ratio of 0.43 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 2.02.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 5.28, a number that is poised to hit -0.14 in the next quarter and is forecasted to reach 4.58 in one year’s time.
Technical Analysis of Pinnacle West Capital Corp (PNW)
Let’s dig in a bit further. During the last 5-days, its volume was 0.85 million. That was inferior than the volume of 1.03 million it reported in year-ago period. As of the previous 9 days, the stock’s Stochastic %D was 76.68%. Additionally, its Average True Range was 1.58.
During the past 100 days, Pinnacle West Capital Corp’s (PNW) raw stochastic average was set at 55.11%, which indicates a significant decrease from 98.79% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 15.73% in the past 14 days, which was lower than the 17.91% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $86.93, while its 200-day Moving Average is $84.50. However, in the short run, Pinnacle West Capital Corp’s stock first resistance to watch stands at $89.87. Second resistance stands at $90.57. The third major resistance level sits at $91.93. If the price goes on to break the first support level at $87.81, it is likely to go to the next support level at $86.45. Assuming the price breaks the second support level, the third support level stands at $85.75.
Pinnacle West Capital Corp (NYSE: PNW) Key Stats
Market capitalization of the company is 10.14 billion based on 113,700K outstanding shares. Right now, sales total 4,696 M and income totals 501,560 K. The company made 1,769 M in profit during its latest quarter, and 394,970 K in sales during its previous quarter.
