Pinnacle West Capital Corp. (NYSE:PNW) price on Friday, April 19, rose 1.96% above its previous day’s close as an upside momentum from buyers pushed the stock’s value to $74.40.
A look at the stock’s price movement, the close in the last trading session was $72.97. The PE ratio in trailing twelve months stood at 16.88. Turning to its 52-week performance, $86.03 and $65.20 were the 52-week high and 52-week low respectively. Overall, PNW moved 2.23% over the past month.
Pinnacle West Capital Corp.’s market cap currently stands at around $9.17 billion. The company has a Forward Dividend ratio of 3.49, with its dividend yield at 4.69%. As such, investors might be keen on an upside in the stock’s price ahead of the scheduled earnings report.
Revisions could be used as tool to get short term price movement insight, and for the company that in the past seven days was no upward and no downward review(s). Turning to the stock’s technical picture we see that short term indicators suggest on average that PNW is a 50% Buy. On the other hand, the stock is on average a 50% Sell as suggested by medium term indicators while long term indicators are putting the stock in 50% Buy category.
The technical evaluation for the stock shows the PEG ratio is 2.45, with PNW’s current price about 1.93% and 4.97% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 60.15, while 7-day volatility ratio is 1.76% and 1.52% in the 30-day chart. Further, Pinnacle West Capital Corp. (PNW) has a beta value of 0.48, and an average true range (ATR) of 1.30.
If we refocus on Pinnacle West Capital Corp. (NYSE:PNW), historical trading data shows that trading volumes averaged 1.42 million over the past 3 months. The company’s latest data on shares outstanding shows there are 123.20 million shares.
The 0.22% of Pinnacle West Capital Corp.’s shares are in the hands of company insiders while institutional holders own 85.24% of the company’s shares. Current price change has pushed the stock 3.56% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the PNW stock continues to rise going into the next quarter.
