Power REIT (AMEX: PW) Stock: Can It Surge Further?

In the last trading session, 1.09 million shares of the Power REIT (AMEX:PW) were traded, and its beta was 1.29. Most recently the company’s share price was $1.48, and it changed around $0.03 or 2.07% from the last close, which brings the market valuation of the company to $5.02M. PW currently trades at a discount to its 52-week high of $2.75, offering almost -85.81% off that amount. The share price’s 52-week low was $0.40, which indicates that the current value has risen by an impressive 72.97% since then. We note from Power REIT’s average daily trading volume that its 10-day average is 2.48 million shares, with the 3-month average coming to 840.21K.

Power REIT stock received a consensus recommendation rating of Buy, based on a mean score of 1.00. If we narrow it down even further, the data shows that 0 out of 1 analysts rate the stock as a Sell; another 0 rate it as Overweight. Among the rest, 0 recommended PW as a Hold, whereas 1 deemed it a Buy, and 0 rated it as Underweight. Power REIT is expected to report earnings per share of 0 for the current quarter.

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Power REIT (AMEX:PW) trade information

Instantly PW has showed a green trend with a performance of 2.07% at the end of last trading. The performance over the last five days has remained in the green territory. The rise to weekly highs of 2.7500 on recent trading dayincreased the stock’s daily price by 46.18%. The company’s shares are currently up 127.80% year-to-date, but still up 96.36% over the last five days. On the other hand, Power REIT (AMEX:PW) is 26.50% up in the 30-day period. We can see from the shorts that 61962.0 shares have been sold at a short interest cover period of 0.93 day(s).

PW Dividends

Power REIT’s next quarterly earnings report is expected to be released in November. The average dividend yield for the past five years averaged 4.08 per year.

Power REIT (AMEX:PW)’s Major holders

Upon looking at major shareholders, it appears that insiders hold 18.11% of Power REIT shares, and 13.04% of them are in the hands of institutional investors. The stock currently has a share float of 15.93%. Power REIT stock is held by 17.0 institutions, with RENAISSANCE TECHNOLOGIES LLC being the largest institutional investor. By 2024-06-30, it held 1.6992% of the shares, which is about 57596.0 shares worth $51825.0.

VANGUARD GROUP INC, with 1.0623% or 36007.0 shares worth $32399.0 as of 2024-06-30, holds the second largest percentage of outstanding shares.