In last trading session, Powerbridge Technologies Co. Ltd. (NASDAQ:PBTS) saw 3.13 million shares changing hands with its beta currently measuring 0. Company’s recent per share price level of $1.68 trading at -$0.52 or -23.65% at ring of the bell on the day assigns it a market valuation of $187.91M. That closing price of PBTS’s stock is at a discount of -31.55% from its 52-week high price of $2.21 and is indicating a premium of 85.12% from its 52-week low price of $0.25. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 1.01 million shares which gives us an average trading volume of 1.93 million if we extend that period to 3-months.
For Powerbridge Technologies Co. Ltd. (PBTS), analysts’ consensus is at an average recommendation of a Buy while assigning it a mean rating of 2.00. Splitting up the data highlights that, out of 1 analysts covering the stock, 0 rated the stock as a Sell while 0 recommended an Overweight rating for the stock. 0 suggested the stock as a Hold whereas 1 see the stock as a Buy. 0 analyst(s) advised it as an Underweight. The company is expected to be making an EPS of $0 in the current quarter.
Powerbridge Technologies Co. Ltd. (NASDAQ:PBTS) trade information
Upright in the red during last session for losing -23.65%, in the last five days PBTS remained trading in the green while hitting it’s week-highest on Tuesday, 09/20/22 when the stock touched $1.68 price level, adding 23.98% to its value on the day. Powerbridge Technologies Co. Ltd.’s shares saw a change of 221.41% in year-to-date performance and have moved 16.67% in past 5-day. Powerbridge Technologies Co. Ltd. (NASDAQ:PBTS) showed a performance of 21.74% in past 30-days. Number of shares sold short was 2.09 million shares which calculate 0.45 days to cover the short interests.
Wall Street analysts have assigned a consensus price target of $7.00 to the stock, which implies a rise of 76.0% to its current value. Analysts have been projecting $7.00 as a low price target for the stock while placing it at a high target of $7.00. It follows that stock’s current price would drop -316.67% in reaching the projected high whereas dropping to the targeted low would mean a loss of -316.67% for stock’s current value.
Powerbridge Technologies Co. Ltd. is more likely to be releasing its next quarterly report in October and investors are confident in the company announcing better current-quarter dividends despite the fact that it has been facing issues arising out of mounting debt.
Powerbridge Technologies Co. Ltd. (NASDAQ:PBTS)’s Major holders
Insiders are in possession of 28.18% of company’s total shares while institution are holding 1.58 percent of that, with stock having share float percentage of 2.20%. Investors also watch the number of corporate investors in a company very closely, which is 1.58% institutions for Powerbridge Technologies Co. Ltd. that are currently holding shares of the company. Geode Capital Management, LLC is the top institutional holder at PBTS for having 0.78 million shares of worth $0.28 million. And as of Mar 30, 2022, it was holding 1.70% of the company’s outstanding shares.
The second largest institutional holder is Citadel Advisors Llc, which was holding about 0.23 million shares on Mar 30, 2022. The number of shares represents firm’s hold over 0.51% of outstanding shares, having a total worth of $83112.0.
On the other hand, Fidelity NASDAQ Composite Index ETF and Fidelity NASDAQ Composite Index Fund are the top two Mutual Funds which own company’s shares. As of May 30, 2022, the former fund manager was holding 0.77 million shares of worth $0.26 million or 1.68% of the total outstanding shares. The later fund manager was in possession of 22594.0 shares on May 30, 2022, making its stake of worth around $7681.0 in the company or a holder of 0.05% of company’s stock.