In last trading session, Powell Industries, Inc. (NASDAQ:POWL) saw 0.36 million shares changing hands with its beta currently measuring 0.88. Company’s recent per share price level of $150.23 trading at $0.86 or 0.58% at ring of the bell on the day assigns it a market valuation of $1.80B. That closing price of POWL’s stock is at a discount of -39.21% from its 52-week high price of $209.14 and is indicating a premium of 51.73% from its 52-week low price of $72.51. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 0.47 million shares which gives us an average trading volume of 403.16K if we extend that period to 3-months.
Powell Industries, Inc. (NASDAQ:POWL) trade information
Upright in the green during last session for gaining 0.58%, in the last five days POWL remained trading in the red while hitting it’s week-highest on Friday, 08/30/24 when the stock touched $150.23 price level, adding 10.43% to its value on the day. Powell Industries, Inc.’s shares saw a change of 69.94% in year-to-date performance and have moved -7.72% in past 5-day. Powell Industries, Inc. (NASDAQ:POWL) showed a performance of -3.54% in past 30-days. Number of shares sold short was 1.66 million shares which calculate 3.58 days to cover the short interests.
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Powell Industries, Inc. (POWL) estimates and forecasts
Statistics highlight that Powell Industries, Inc. is scoring comparatively higher than the scores of other players of the relevant industry. The company lost -2.62% of value to its shares in past 6 months, showing an annual growth rate of 191.50% while that of industry is 20.30. Apart from that, the company came raising its revenue forecast for fiscal year 2024. This year revenue growth is estimated to rise 46.40% from the last financial year’s standing.
2 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of 286.49M for the same. And 2 analysts are in estimates of company making revenue of 226.03M in the next quarter. Company posted 208.64M and 182.04M of sales in current and next quarters respectively a year earlier.
In 2024, company’s earnings growth rate is likely to be around 168.11% while estimates for its earnings growth in next 5 years are of 10.00%.
POWL Dividends
Powell Industries, Inc. is more likely to be releasing its next quarterly report on 2024-Dec-03 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. With an annual yield of 0.70%, the share has a forward dividend of 1.06 which implies that company’s dividend yield remained growing in trailing twelve months while having a 5 year average dividend yield of 2.96%.
Powell Industries, Inc. (NASDAQ:POWL)’s Major holders
Insiders are in possession of 22.92% of company’s total shares while institution are holding 97.72 percent of that, with stock having share float percentage of 126.77%. Investors also watch the number of corporate investors in a company very closely, which is 97.72% institutions for Powell Industries, Inc. that are currently holding shares of the company. TRANSFORM WEALTH, LLC is the top institutional holder at POWL for having 1.67 million shares of worth $240.07 million. And as of 2024-06-30, it was holding 13.9607 of the company’s outstanding shares.
The second largest institutional holder is BLACKROCK INC., which was holding about 1.41 million shares on 2024-06-30. The number of shares represents firm’s hold over 11.7387 of outstanding shares, having a total worth of $201.86 million.
