Power Solutions International Inc (NASDAQ:PSIX) shares, rose in value on Friday, May 09, with the stock price up by 9.41% to the previous day’s close as strong demand from buyers drove the stock to $30.36.
Actively observing the price movement in the last trading, the stock closed the session at $27.75. The PE ratio was 10.08 over 12-month period. Referring to stock’s 52-week performance, its high was $45.74, and the low was $2.51. On the whole, PSIX has fluctuated by 35.60% over the past month.
With the market capitalization of Power Solutions International Inc currently standing at about $698.53 million, investors are eagerly awaiting this quarter’s results, scheduled for in June.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that PSIX’s technical picture suggests that short-term indicators denote the stock is a 50% Sell on average. However, medium-term indicators have put the stock in the category of Hold while long-term indicators on average have been pointing out that it is a 50% Buy.
The stock’s technical analysis shows that the price of PSIX currently trading nearly 18.64% and 12.65% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 60.89, while the 7-day volatility ratio is showing 8.40% which for the 30-day chart, stands at 8.97%. Furthermore, Power Solutions International Inc (PSIX)’s beta value is 1.05, and its average true range (ATR) is 2.68.
A comparison of Power Solutions International Inc (PSIX) with its peers suggests the former has fared considerably weaker in the market. PSIX showed an intraday change of 9.41% in last session, and over the past year, it grew by 1305.56%%.
Data on historical trading for Power Solutions International Inc (NASDAQ:PSIX) indicates that the trading volumes over the past 3 months, they’ve averaged 300.64K. According to company’s latest data on outstanding shares, there are 23.00 million shares outstanding.
Nearly 71.46% of Power Solutions International Inc’s shares belong to company insiders and institutional investors own 9.31% of the company’s shares. The stock has risen by 2.05% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the PSIX stock heading into the next quarter.
