When Will Power REIT. (PW) Be Worth Investing In?

Power REIT (AMEX:PW) has a beta value of 1.34 and has seen 11.13 million shares traded in the last trading session. The company, currently valued at $4.68M, closed the last trade at $1.38 per share which meant it gained $0.18 on the day or 15.00% during that session. The PW stock price is -99.28% off its 52-week high price of $2.75 and 71.01% above the 52-week low of $0.40. If we look at the company’s 10-day average daily trading volume, we find that it stood at 3.64 million shares traded. The 3-month trading volume is 866.85K shares.

The consensus among analysts is that Power REIT (PW) is Buy stock at the moment, with a recommendation rating of 1.00. 0 analysts rate the stock as a Sell, while 0 rate it as Overweight. 1 out of 2 have rated it as a Hold, with 1 advising it as a Buy. 0 have rated the stock as Underweight. The expected earnings per share for the stock is 0.

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Power REIT (AMEX:PW) trade information

Sporting 15.00% in the green in last session, the stock has traded in the red over the last five days, with the highest price hit on recent trading when the PW stock price touched $1.38 or saw a rise of 16.36%. Year-to-date, Power REIT shares have moved 112.41%, while the 5-day performance has seen it change -4.83%. Over the past 30 days, the shares of Power REIT (AMEX:PW) have changed 24.32%. Short interest in the company has seen 46741.0 shares shorted with days to cover at 1.12.

Power REIT (PW) estimates and forecasts

The company’s shares have gained 148.74% over the past 6 months.

PW Dividends

Power REIT is expected to release its next earnings report in November this year, and investors are excited at the prospect of better dividends despite the company’s debt issue.

Power REIT (AMEX:PW)’s Major holders

Insiders own 18.11% of the company shares, while shares held by institutions stand at 13.04% with a share float percentage of 15.93%. Investors are also buoyed by the number of investors in a company, with Power REIT having a total of 17.0 institutions that hold shares in the company. The top two institutional holders are RENAISSANCE TECHNOLOGIES LLC with over 57596.0 shares worth more than $51825.0. As of 2024-06-30, RENAISSANCE TECHNOLOGIES LLC held 1.6992% of shares outstanding.

The other major institutional holder is VANGUARD GROUP INC, with the holding of over 36007.0 shares as of 2024-06-30. The firm’s total holdings are worth over $32399.0 and represent 1.0623% of shares outstanding.