POWL Stock Summary and Trading Ideas (Powell Industries | NASDAQ:POWL)

Powell Industries Inc is a United States-based company that develops, designs, manufactures, and services custom-engineered equipment and systems for electrical energy distribution, control, and monitoring. The company's principal products comprise integrated power control room substations, custom-engineered modules, electrical houses, traditional and arc-resistant distribution switchgear and control gear, and so on. These products are applied in oil and gas refining, offshore oil and gas production, petrochemical, pipeline, terminal, mining and metals, light-rail traction power, electric utility, pulp and paper, and other heavy industrial markets. The company generates the majority of its sales from the United States.

Powell Industries trades on the NASDAQ stock market under the symbol POWL.

As of April 23, 2024, POWL stock price climbed to $143.39 with 277,819 million shares trading.

POWL has a beta of 0.57, meaning it tends to be less sensitive to market movements. POWL has a correlation of 0.01 to the broad based SPY ETF.

POWL has a market cap of $1.71 billion. This is considered a Small Cap stock.

Last quarter Powell Industries reported $194 million in Revenue and $1.98 earnings per share. This beat revenue expectation by $12 million and exceeded earnings estimates by $1.14.

In the last 3 years, POWL stock traded as high as $197.87 and as low as $18.81.

The top ETF exchange traded funds that POWL belongs to (by Net Assets): CALF, IJR, VTI, AIRR, PAVE.

POWL has outperformed the market in the last year with a price return of +270.1% while the SPY ETF gained +24.3%. POWL has also outperformed the stock market ETF in the last 3 month and 2 week periods returning +77.0% and +4.3%, respectively, while the SPY returned +4.9% and -2.5%, respectively.

POWL support price is $131.97 and resistance is $140.29 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that POWL stock will trade within this expected range on the day.