PW Stock Summary and Trading Ideas (Power REIT (Md) | AMEX:PW)

Power REIT is a real estate investment trust (REIT) that owns real estate related to properties for Controlled Environment Agriculture, Renewable Energy and Transportation. The company is actively seeking to expand its real estate portfolio related to Controlled Environment Agriculture for the cultivation of food and cannabis. The company is focused on CEA in the form of a greenhouse which uses dramatically less energy than indoor growing, 95% less water usage than outdoor growing, and does not have any agricultural runoff of fertilizers or pesticides. To date, its greenhouse properties are operated for the cultivation of cannabis by state-licensed operators.

Power REIT (Md) trades on the AMEX stock market under the symbol PW.

As of April 19, 2024, PW stock price was flat at $0.51 with 1,123 million shares trading.

PW has a beta of 0.46, meaning it tends to be less sensitive to market movements. PW has a correlation of 0.00 to the broad based SPY ETF.

PW has a market cap of $1.73 million. This is considered a Sub-Micro Cap stock.

In the last 3 years, PW stock traded as high as $81.99 and as low as $.50.

The top ETF exchange traded funds that PW belongs to (by Net Assets): VXF, YOLO.

PW has underperformed the market in the last year with a return of -84.5%, while the SPY ETF gained +21.2%. In the last 3 month period, PW fell short of the market, returning -8.2%, while SPY returned +4.3%. However, in the most recent 2 weeks PW has outperformed the stock market by returning -2.0%, while SPY returned -3.5%.

PW support price is $.46 and resistance is $.56 (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 PW stock will trade within this expected range on the day.