Pioneer Power Solutions Inc (NASDAQ: PPSI) is -2.50% lower on its value in year-to-date trading and has touched a low of $3.35 and a high of $7.30 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The PPSI stock was last observed hovering at around $6.33 in the last trading session, with the day’s gains setting it 0.29%.
Currently trading at $6.62, the stock is 13.14% and 31.34% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.84 million and changing 4.58% at the moment leaves the stock 42.30% off its SMA200. PPSI registered 25.62% gain for a year compared to 6-month gain of 71.06%. The firm has a 50-day simple moving average (SMA 50) of $5.0404 and a 200-day simple moving average (SMA200) of $4.6521.
The stock witnessed a 38.49% loss in the last 1 month and extending the period to 3 months gives it a 45.49%, and is 7.64% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 5.24% over the week and 7.09% over the month.
Pioneer Power Solutions Inc (PPSI) has around 143 employees, a market worth around $72.27M and $35.79M in sales. Fwd P/E is 13.79. Profit margin for the company is -14.03%. Distance from 52-week low is 97.58% and -9.32% from its 52-week high. The company has generated returns on investments over the last 12 months (-31.16%).
Pioneer Power Solutions Inc quarterly earnings per share for the current quarter are estimated at 0.06 with sales reaching $14.34M over the same period.The EPS is expected to grow by 600.00% this year, but quarterly earnings will post 27.90% year-over-year. Quarterly sales are estimated to grow 15.20% in year-over-year returns.
28.0 institutions hold shares in Pioneer Power Solutions Inc (PPSI), with institutional investors hold 10.71% of the company’s shares. The shares outstanding are 9.93M, and float is at 8.49M with Short Float at 1.80%. Institutions hold 8.32% of the Float.
The top institutional shareholder in the company is VANGUARD GROUP INC with over 0.19 million shares valued at $0.76 million. The investor’s holdings represent 1.9131 of the PPSI Shares outstanding. As of 2024-06-30, the second largest holder is GSA CAPITAL PARTNERS LLP with 0.15 million shares valued at $0.59 million to account for 1.4744 of the shares outstanding. The other top investors are AMERIPRISE FINANCIAL INC which holds 88359.0 shares representing 0.8827 and valued at over $0.35 million, while GEODE CAPITAL MANAGEMENT, LLC holds 0.864 of the shares totaling 86487.0 with a market value of $0.34 million.
