Powerbridge Technologies Co. Ltd. (NASDAQ: PBTS) stock jumped 4.46% on Monday to $0.22 against a previous-day closing price of $0.21. With 0.34 million shares changed hands, the volume of the stock remained lighter than its average volume of 3.16 million shares. During the session, the Software – Application company that operates in wider Technology sector, reached to the highest price of $0.2192 whereas the lowest price it dropped to was $0.2089. The 52-week range on PBTS shows that it touched its highest point at $66.30 and its lowest point at $0.16 during that stretch. Beta for the stock currently stands at 0.77.
Price Performance and Earnings:
Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of PBTS was up-trending over the past week, with a rise of 1.49%, but this was up by 21.11% over a month. Three-month performance dropped to -85.94% while six-month performance fell -92.34%. The stock lost -99.50% in the past year, while it has lost -92.76% so far this year.
Float and Shares Shorts:
At present, 31.18 million PBTS shares are outstanding with a float of 28.36 million shares on hand for trading. On Aug 30, 2023, short shares totaled 0.68 million, which was 2.17% higher than short shares on Jul 30, 2023. In addition to Mr. Shiang Lor as the firm’s Chairman, CEO & Pres, Ms. Yuxia Xu serves as its CFO, COO & Exec. Director.
Through their ownership of 0.07% of PBTS’s outstanding shares, institutional investors have minority control over the company. Other institutions hold 0.15% of PBTS, in contrast to 0.02% held by mutual funds. Shares owned by individuals account for –. As the largest shareholder in PBTS with 0.08% of the stake, Virtu Financial BD LLC holds 28,109 shares worth 28,109. A second-largest stockholder of PBTS, UBS Securities LLC, holds 20,935 shares, controlling over 0.06% of the firm’s shares. G1 Execution Services LLC is the third largest shareholder in PBTS, holding 15,744 shares or 0.04% stake. With a 0.02% stake in PBTS, the Fidelity Nasdaq Composite Index F is the largest stakeholder. A total of 7,320 shares are owned by the mutual fund manager.
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for PBTS since 0 analysts follow the stock currently. In the same way, a target price assigned to a stock can also reveal much about its potential. With PBTS analysts setting a high price target of $210.00 and a low target of $210.00, the average target price over the next 12 months is $210.00. Based on these targets, PBTS could surge 95354.55% to reach the target high and rise by 95354.55% to reach the target low. Reaching the average price target will result in a growth of 95354.55% from current levels.
EPS: Estimates vs Actual
It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy.