During the last session, Power Solutions International Inc (NASDAQ:PSIX)’s traded shares were 0.67 million, with the beta value of the company hitting 1.04. At the end of the trading day, the stock’s price was $43.00, reflecting an intraday gain of 10.26% or $4.0. The 52-week high for the PSIX share is $41.95, that puts it up 2.44 from that peak though still a striking 95.93% gain since the share price plummeted to a 52-week low of $1.75. The company’s market capitalization is $988.98M, and the average intraday trading volume over the past 10 days was 0.28 million shares, and the average trade volume was 231.50K shares over the past three months.
Power Solutions International Inc (NASDAQ:PSIX) trade information
Power Solutions International Inc (PSIX) registered a 10.26% upside in the last session and has traded in the green over the past 5 sessions. The stock spiked 10.26% in intraday trading to $43.00, hitting a weekly high. The stock’s 5-day price performance is 19.54%, and it has moved by 87.45% in 30 days. Based on these gigs, the overall price performance for the year is 2050.00%. The short interest in Power Solutions International Inc (NASDAQ:PSIX) is 83389.0 shares and it means that shorts have 0.35 day(s) to cover.
The consensus price target of analysts on Wall Street is $37, which implies a decrease of -16.22% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $37 and $37 respectively. As a result, PSIX is trading at a premium of 13.95% off the target high and 13.95% off the low.
Power Solutions International Inc (PSIX) estimates and forecasts
In the rating firms’ projections, revenue will increase 2.93% compared to the previous financial year.
As companies strive to predict their financial trajectories, we turn our attention to the forthcoming financial quarter. Here are the insights gathered from industry analysts. Revenue for the current quarter is expected to be 140.7M as predicted by 1 analyst(s). Meanwhile, a consensus of 1 analyst(s) estimates revenue growth to 114.6M by the end of current fiscal year. As per earnings report from last fiscal year’s results, sales for the corresponding quarters totaled 104.75M and 95.24M respectively. In this case, analysts expect current quarter sales to grow by 34.31% and then jump by 20.33% in the coming quarter.
While earnings are projected to return 121.37% in 2025.
PSIX Dividends
Power Solutions International Inc is due to release its next quarterly earnings in February. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance.
Power Solutions International Inc (NASDAQ:PSIX)’s Major holders
Power Solutions International Inc insiders own 76.37% of total outstanding shares while institutional holders control 10.04%, with the float percentage being 42.51%. GAGNON SECURITIES LLC is the largest shareholder of the company, while 8.0 institutions own stock in it. As of 2024-06-30, the company held over 1.28 million shares (or 5.5843% of all shares), a total value of $8.16 million in shares.
The next largest institutional holding, with 0.76 million shares, is of GAGNON ADVISORS, LLC’s that is approximately 3.299% of outstanding shares. At the market price on 2024-06-30, these shares were valued at $4.82 million.
Also, the Mutual Funds coming in first place with the largest holdings of Power Solutions International Inc (PSIX) shares are Fidelity Strategic Advisers Fidelity U.S. Total Stock Fund and Perritt Microcap Opportunities Fund . Data provided on Nov 30, 2024 indicates that Fidelity Strategic Advisers Fidelity U.S. Total Stock Fund owns about 170.05 shares. This amounts to just over 0.74 percent of the company’s overall shares, with a $7.31 million market value. The same data shows that the other fund manager holds slightly less at 15.0, or about 0.07% of the stock, which is worth about $0.65 million.
