Why Powell Industries, Inc. (POWL) Stock Is Up 37.81%

Avoid the stress of overpaying for stocks or missing out on opportunities by using the right tools and insights to evaluate Powell Industries, Inc. before you invest.

In this article, we will discuss several key elements to understanding the Powell Industries, Inc. stock price, including:

• Current stock price and volume for Powell Industries, Inc.
• Why has the stock price of Powell Industries, Inc. changed recently?
• POWL Ratings Upgrades and Downgrades from Analysts
• The dynamics of the POWL company’s share prices measured by its relative strength

About Powell Industries, Inc. (POWL)

Before we discuss the Powell Industries, Inc. stock price, its history, target price, and reasons for its recent increase, let’s review some facts.

Powell Industries, Inc. designs, manufactures and services custom-engineered equipment and systems. The company distributes, controls and monitors the flow of electrical power and provides protection for motors, transformers and other electrically powered equipment. Its principal products include integrated power control room (PCR) substations, custom-engineered modules, electrical enclosures (E-House), traditional and arc-resistant switchgear and control equipment, medium-voltage circuit breakers, monitoring and control communications systems, motor control centers, switches and trunking systems. Its products are designed for application voltages ranging from approximately 480 V to 38,000 V and are used in oil and gas refining, onshore and offshore oil and gas production, petrochemicals, liquefied natural gas (LNG) terminals, pipelines, terminals, mining and metals, light rail, utilities, pulp and paper and other industrial markets.

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Powell Industries, Inc. stock price at market close

As of July 31, 2024, 4:00 PM Central Time, the share price of Powell Industries, Inc. was $183.63.

Powell Industries, Inc. shares are up 37.81% from the previous closing price of $133.25.

During the last trading session, shares of Powell Industries, Inc. traded in a price range of $132.41 to $141.50. There are currently 11.99 Million shares of Powell Industries, Inc. available for sale.

Powell Industries, Inc.’s current price-to-earnings (P/E) ratio is 15.8, which is low compared to the Electrical Components and Equipment industry median of 21.9. The price-to-earnings ratio measures market expectations about future earnings by relating the current stock price to the earnings per share.

Powell Industries, Inc. stock price history

Powell Industries, Inc. (POWL) The price has increased by 28.05% this month.

In July, the stock price of Powell Industries, Inc. reached a high of $188.45 and a low of $127.01.

Over the past year, Powell Industries, Inc. stock prices have been as high as $209.14 and as low as $60.44. Year to date, Powell Industries, Inc. stock is up 421.97%.

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What caused the increase in the price of Powell Industries, Inc. stock?

Stock prices are primarily based on seller supply and buyer demand. But have you ever wondered what other factors affect the price of a stock?

When an analyst changes their opinion on a stock, either upgrading or downgrading their rating, it often leads to a sudden correction in the stock price. As of July 30, 2024, there were 0 analysts who have downgraded the Powell Industries, Inc. stock and 2 analysts who have upgraded it over the past month.

Additionally, you will want to assess the financial health and valuation of Powell Industries, Inc. Investors can use the AAII Value Grade, which combines six key valuation metrics such as the P/E and P/S ratios, to conduct a comprehensive analysis of the valuation and financial health of Powell Industries, Inc. This approach mitigates the limitations of one-dimensional ratings.

The current valuation of Powell Industries, Inc. based on the AAII Value Grade classification is C, which means it is considered to be an average value stock.

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Finally, news and media coverage, as well as recent press reports about the company or its industry, can cause stock prices to fluctuate. You can check out the latest news articles about Powell Industries, Inc. (POWL) visiting the AAII Stock Evaluator.

Relative Pricing Power of Powell Industries, Inc.

Relative price strength measures a stock’s performance against the market, helping investors identify stocks that are outperforming benchmark indices.

For Momentum Grade AAII, weighted relative price strength is calculated. Click this link to learn more about Momentum Grade.

As of July 30, 2024, Powell Industries, Inc. had a four-quarter weighted relative price strength of 14.41%, which translates into a momentum score of 91 and is considered very strong.

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Powell Industries, Inc. Stock Price: Summary

As of July 31, 2024, the Powell Industries, Inc. share price was $183.63, an increase of 37.81% from the previous closing price.

AAII advises against making stock decisions based solely on price or past returns. Instead, you should consider a variety of metrics, fundamentals, and analysis to evaluate stocks like Powell Industries, Inc. Stock prices are influenced by market supply and demand and only offer a snapshot of the overall health of a company.

An AAII A+ Investor subscription gives you access to comprehensive analysis and insights that help you invest with confidence.