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.
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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.
Institutional Ownership:
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.
Analysts Ratings:
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.
