As of Thursday close, Quanta Services Inc.’s (NYSE:PWR) stock was down -$8.78, moving down -4.50 percent to $186.47. The average number of shares traded per day over the past five days has been 889,880 shares. 1 time new highs have been achieved over the past 5 days, with a -$16.32 fall in that time frame. In the last twenty days, the average volume was 663,950, while in the previous 50 days, it was 690,796.
Since last month, PWR stock retreated -9.76%. Shares of the company fell to $186.09 on 09/21/23, the lowest level in the past month. A 52-week high of $212.82 was reached on 09/01/23 after having rallying from a 52-week low of $123.25. Since the beginning of this year, PWR’s stock price has risen by 30.86% or $43.97, and marked a new high 42 times. However, the stock has declined by -12.38% since its 52-week high.
Top 5 AI Stocks to Buy for 2023
The artificial intelligence (AI) revolution is already here. And it's about to change everything we know about everything.
According to Grand View Research, the global AI boom could grow from about $137 billion in 2022 to more than $1.81 trillion by 2030. And investors like you always want to get in on the hottest stocks of tomorrow. Here are five of the best ways to profit from the AI boom.
Click Here to Download the FREE Report.
Sponsored
PWR stock investors should be aware that Quanta Services Inc. (PWR) stock had its last reported insider trading activity 21 days ago on Sep 01. WAYNE DONALD, the EVP and General Counsel of the company, disposed of 5,000 shares for $210.92 on Sep 01. It resulted in a $1,054,600 divestment by the insider. Upperman Dorothy sold 4,074 shares at an average price of $183.87 on Jun 07. The insider now owns 13,078 shares following the transaction. On Jun 02, Director FRIED BERNARD sold 8,000 shares at $179.84 apiece. The transaction was valued at $1,438,754.
Valuation Metrics
Right now, Quanta Services Inc. (PWR) has a P/E ratio of about 47.68. The stock’s beta is 1.09. Besides these, the trailing price-to-sales (P/S) ratio of 1.50, the price-to-book (PB) ratio of 4.74, and the price-to-cash flow ratio of 38.89 may also be considered.
The latest dividend of $0.08 per share was paid out, remained unchanged from last year’s $0.08.
Financial Health
In the three months ended June 29, Quanta Services Inc.’s quick ratio stood at 1.60, while its current ratio was 1.70, showing that the company is able to pay off its debt. According to company report, the long-term debt-to-equity ratio for the quarter ending June 29 was 0.74, and the total debt-to-equity ratio was 0.74. On the profitability front, the trailing twelve-month gross margin is 14.50% percent. In the year ended June 29, EBITDA margin amounted to 9.37%, whereas operating margins totaled 5.20%. Based on annual data, PWR earned $2.53 billion in gross profit and brought in $17.07 billion in revenue.
A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was 7.50%. Return on equity (ROE) for the past 12 months was 10.60%.
In Quanta Services Inc.’s quarter-end financial report for June 29, it reported total debt of $4.22 billion. According to the earnings report, the company had a higher net income in the recent quarter than it did in the previous quarter. PWR’s revenue rose 16.17% to $4.43 billion during the quarter, while net income inched up to $5.05 billion. While analysts expected Quanta Services Inc. to report $1.63 quarterly earnings, the actual figure was $1.65 per share, beating the consensus estimate by 1.20%. During the quarter, the company generated $421.05 million in EBITDA. The liabilities of Quanta Services Inc. were 9.01 billion at the end of its most recent quarter ended June 29, and its total debt was $4.52 billion. The value of shareholders’ equity is $145.2 million.
Technical Picture
This quick technical analysis looks at Quanta Services Inc.’s (PWR) price momentum. With a historical volatility rate of 22.06%, the RSI 9-day stood at 17.09% on 21 September.
With respect to its five-day moving average, the current Quanta Services Inc. price is down by -8.05% percent or -$16.32. At present, PWR shares trade -10.46% below its 20-day simple moving average and +9.92% percent above its 100-day simple moving average. However, the stock is currently trading approximately -6.03% below its SMA50 and +21.82% above its SMA200.
Stochastic coefficient K was 6.62% and Stochastic coefficient D was 6.80%, while ATR was 4.54. Given the Stochastic reading of 1.42% for the 14-day period, the RSI (14) reading has been calculated as 25.62%. As of today, the MACD Oscillator reading stands at -5.99, while the 14-day reading stands at -9.73.
Analyst Ratings
Cowen reiterated its an Outperform rating on Quanta Services Inc. (NYSE: PWR) in a note to investors. The analysts firm has however raised their price target to $165, representing a possible -20.3% increase in the stock price.
With a median target price of $222.00, the current consensus forecast for the stock is $190.00 – $236.00. Based on these forecasts, analysts predict Quanta Services Inc. (PWR) will achieve an average price target of $221.63.
