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As of close of business last night, Pinnacle West Capital Corp’s stock clocked out at $88.71, down -0.20% from its previous closing price of $88.89. In other words, the price has decreased by -$0.20 from its previous closing price. On the day, 0.97 million shares were traded. PNW stock price reached its highest trading level at $90.33 during the session, while it also had its lowest trading level at $88.64.
Ratios:
To gain a deeper understanding of PNW’s stock, we examine its different ratios. For the most recent quarter (mrq), Quick Ratio is recorded 0.43 and its Current Ratio is at 0.59. In the meantime, Its Debt-to-Equity ratio is 1.71 whereas as Long-Term Debt/Eq ratio is at 1.45.
On November 18, 2024, Barclays Downgraded its rating to Equal Weight which previously was Overweight and also lowered its target price recommendation from $93 to $91.
On September 20, 2024, Jefferies started tracking the stock assigning a Buy rating and target price of $104.Jefferies initiated its Buy rating on September 20, 2024, with a $104 target price.
Insider Transactions:
Investing in insider trades can also provide an investor with insight into how management views future stock prices. A recent insider transaction in this stock occurred on Nov 13 ’24 when Tetlow Jacob sold 9,474 shares for $90.80 per share. The transaction valued at 860,239 led to the insider holds 56 shares of the business.
Jacob Tetlow bought 9,474 shares of PNW for $870,755 on Nov 12 ’24. On Aug 05 ’24, another insider, Flanagan Susan T., who serves as the Director of the company, bought 500 shares for $86.54 each. As a result, the insider paid 43,270 and bolstered with 750 shares of the company.
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 10106818560 and an Enterprise Value of 21462585344. As of this moment, Pinnacle’s Price-to-Earnings (P/E) ratio for their current fiscal year is 16.80, and their Forward P/E ratio for the next fiscal year is 19.39. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 2.44. 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 1.52. Its current Enterprise Value per Revenue stands at 4.274 whereas that against EBITDA is 10.85.
Stock Price History:
Over the past 52 weeks, PNW has reached a high of $95.42, while it has fallen to a 52-week low of $65.20. The 50-Day Moving Average of the stock is -0.97%, while the 200-Day Moving Average is calculated to be 8.33%.
Shares Statistics:
It appears that PNW traded 1.30M shares on average per day over the past three months and 965630 shares per day over the past ten days. A total of 113.63M shares are outstanding, with a floating share count of 113.47M. Insiders hold about 0.20% of the company’s shares, while institutions hold 101.35% stake in the company. Shares short for PNW as of 1732838400 were 4082061 with a Short Ratio of 3.15, compared to 1730332800 on 3307193. Therefore, it implies a Short% of Shares Outstanding of 4082061 and a Short% of Float of 4.1100003.
Dividends & Splits
With its trailing 12-month dividend rate of 3.52, PNW has a forward annual dividend rate of 3.53. Against a Trailing Annual Dividend Yield of 0.039599504The stock’s 5-year Average Dividend Yield is 4.35.
