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The closing price of Pinnacle West Capital Corp. (NYSE: PNW) was $85.95 for the day, up 0.29% from the previous closing price of $85.70. In other words, the price has increased by $0.29 from its previous closing price. On the day, 0.73 million shares were traded. PNW stock price reached its highest trading level at $86.235 during the session, while it also had its lowest trading level at $84.9425.
Ratios:
Our analysis of PNW’s different ratios will help us gain a deeper understanding of the company. 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 the company, Ladenburg Thalmann on June 06, 2024, Upgraded its rating to Buy and sets its target price to $83.50 from $74 previously.
On April 29, 2024, Citigroup started tracking the stock assigning a Neutral rating and target price of $78.
BofA Securities Upgraded its Neutral to Buy on March 18, 2024, whereas the target price for the stock was revised from $71 to $80.
Insider Transactions:
Also, insider trades can serve as a great indicator of what management thinks about the future direction of a stock’s price. 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 9764951040 and an Enterprise Value of 21047758848. As of this moment, Pinnacle’s Price-to-Earnings (P/E) ratio for their current fiscal year is 15.90, and their Forward P/E ratio for the next fiscal year is 17.58. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 2.21. For the stock, the TTM Price-to-Sale (P/S) ratio is 2.00 while its Price-to-Book (P/B) ratio in mrq is 1.57. Its current Enterprise Value per Revenue stands at 4.304 whereas that against EBITDA is 10.968.
Stock Price History:
Over the past 52 weeks, PNW has reached a high of $89.39, while it has fallen to a 52-week low of $65.20. The 50-Day Moving Average of the stock is 7.27%, while the 200-Day Moving Average is calculated to be 15.31%.
Shares Statistics:
PNW traded an average of 970.26K shares per day over the past three months and 957180 shares per day over the past ten days. 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 106.37% stake in the company. Shares short for PNW as of 1722384000 were 4954549 with a Short Ratio of 5.11, compared to 1719532800 on 5176372. Therefore, it implies a Short% of Shares Outstanding of 4954549 and a Short% of Float of 5.0.
Dividends & Splits
With its trailing 12-month dividend rate of 3.505, PNW has a forward annual dividend rate of 3.52. Against a Trailing Annual Dividend Yield of 0.040898487The stock’s 5-year Average Dividend Yield is 4.3.
