In today’s recent session, 0.62 million shares of the Power Solutions International Inc (NASDAQ:PSIX) have been traded, and its beta is 0.72. Most recently the company’s share price was $29.00, and it changed around -$0.83 or -2.78% from the last close, which brings the market valuation of the company to $666.99M. PSIX at last check was trading at a discount to its 52-week high of $45.74, offering almost -57.72% off that amount. The share price’s 52-week low was $2.00, which indicates that the recent value has risen by an impressive 93.1% since then. We note from Power Solutions International Inc’s average daily trading volume that its 10-day average is 0.27 million shares, with the 3-month average coming to 316.93K.
Power Solutions International Inc 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 PSIX as a Hold, whereas 1 deemed it a Buy, and 0 rated it as Underweight. Power Solutions International Inc is expected to report earnings per share of 0.52 for the current quarter.
Power Solutions International Inc (NASDAQ:PSIX) trade information
Instantly PSIX has been showing red trend so far today with a performance of -2.78% on intraday trading today. The performance over the last five days has remained in the red territory. The rise to weekly highs of 37.31 on recent trading dayincreased the stock’s daily price by 22.27%. The company’s shares are currently down -2.52% year-to-date, but still down -9.54% over the last five days. On the other hand, Power Solutions International Inc (NASDAQ:PSIX) is -11.85% down in the 30-day period. We can see from the shorts that 0.17 million shares have been sold at a short interest cover period of 0.55 day(s).
The consensus price target as assigned by Wall Street analysts is $37, which translates to bulls needing to increase their stock price by 21.62% from its current value. Analyst projections state that PSIX is forecast to be at a low of $37 and a high of $37.
Power Solutions International Inc (PSIX) estimates and forecasts
The year-over-year growth rate is expected to be 7.09%, up from the previous year.
Consensus estimates provided by 1 financial analysts predict the company will bring in an average of 114.6M in revenue for the current quarter. 1 analysts expect Power Solutions International Inc to make 122.1M in revenue for the current ending quarter. The company’s sales for the same quarters a year ago were 95.24M and 110.59M respectively. Analysts predict that the company’s current quarter sales will jump, forecast at 20.33%. Forecasts for the next quarter put sales growth at 10.41%.
Looking at the company’s year-over-year earnings, the past five years showed a positive earnings growth rate of 51.02%.
Power Solutions International Inc (NASDAQ:PSIX)’s Major holders
Upon looking at major shareholders, it appears that insiders hold 75.18% of Power Solutions International Inc shares, and 9.27% of them are in the hands of institutional investors. The stock currently has a share float of 37.35%. Power Solutions International Inc stock is held by 35.0 institutions, with GAGNON SECURITIES LLC being the largest institutional investor. By 2024-06-30, it held 5.5833% of the shares, which is about 1.28 million shares worth $8.16 million.
GAGNON ADVISORS, LLC, with 3.2984% or 0.76 million shares worth $4.82 million as of 2024-06-30, holds the second largest percentage of outstanding shares.
Strategic Advisers U.S. Total Stock Fund and Perritt MicroCap Opportunities Fund were the top two Mutual Funds as of Jan 31, 2025. The former held 213.73 shares worth $6.12 million, making up 0.93% of all outstanding shares. On the other hand, Perritt MicroCap Opportunities Fund held roughly 15.0 shares worth around $0.43 million, which represents about 0.07% of the total shares outstanding.
