Those aiming for above-average market returns often engage in the meticulous process of stock picking. Choosing the right stocks can make a substantial difference in your wealth.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
After finishing at $87.11 in the prior trading day, Pinnacle West Capital Corp. (NYSE: PNW) closed at $86.69, down -0.48%. In other words, the price has decreased by -$0.48 from its previous closing price. On the day, 0.78 million shares were traded. PNW stock price reached its highest trading level at $87.41 during the session, while it also had its lowest trading level at $86.63.
Ratios:
Our goal is to gain a better understanding of PNW by taking a closer look at its different ratios. For the most recent quarter (mrq), Quick Ratio is recorded 0.38 and its Current Ratio is at 0.55. In the meantime, Its Debt-to-Equity ratio is 1.80 whereas as Long-Term Debt/Eq ratio is at 1.54.
Upgrades & Downgrades
In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for this company, Jefferies on September 20, 2024, initiated with a Buy rating and assigned the stock a target price of $104.
On June 06, 2024, Ladenburg Thalmann Upgraded its rating to Buy which previously was Neutral and also upped its target price recommendation from $74 to $83.50.
On April 29, 2024, Citigroup started tracking the stock assigning a Neutral rating and target price of $78.Citigroup initiated its Neutral rating on April 29, 2024, with a $78 target price.
Insider Transactions:
The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. A recent insider transaction in this stock occurred on Aug 09 ’24 when Smith Robert Edgar sold 4,950 shares for $85.80 per share. The transaction valued at 424,710 led to the insider holds 6,397 shares of the business.
Mountain Paul J sold 2,700 shares of PNW for $230,256 on Aug 08 ’24. The VP, Finance and Treasurer now owns 1,508 shares after completing the transaction at $85.28 per share. On Aug 09 ’24, another insider, Robert E. Smith, who serves as the Officer of the company, bought 4,950 shares for $85.32 each.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, PNW now has a Market Capitalization of 9849024512 and an Enterprise Value of 21160232960. As of this moment, Pinnacle’s Price-to-Earnings (P/E) ratio for their current fiscal year is 16.04, and their Forward P/E ratio for the next fiscal year is 17.95. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 2.53. For the stock, the TTM Price-to-Sale (P/S) ratio is 2.01 while its Price-to-Book (P/B) ratio in mrq is 1.59. Its current Enterprise Value per Revenue stands at 4.327 whereas that against EBITDA is 11.027.
Stock Price History:
Over the past 52 weeks, PNW has reached a high of $91.57, while it has fallen to a 52-week low of $65.20. The 50-Day Moving Average of the stock is -1.31%, while the 200-Day Moving Average is calculated to be 12.05%.
Shares Statistics:
The stock has traded on average 957.90K shares per day over the past 3-months and 1250940 shares per day over the last 10 days, according to various share statistics. A total of 113.42M shares are outstanding, with a floating share count of 113.40M. Insiders hold about 0.19% of the company’s shares, while institutions hold 101.07% stake in the company. Shares short for PNW as of 1726185600 were 4788431 with a Short Ratio of 5.00, compared to 1723680000 on 4730263. Therefore, it implies a Short% of Shares Outstanding of 4788431 and a Short% of Float of 4.8299997999999995.
Dividends & Splits
In the trailing 12 months, PNW’s forward annual dividend rate was 3.505, compared to 3.52 this year. Against a Trailing Annual Dividend Yield of 0.040236484The stock’s 5-year Average Dividend Yield is 4.33.
