PowerSchool Holdings Inc. (NYSE:PWSC) does about 433.07K shares in volume on a normal day but saw 469423 shares change hands in Friday trading. The company now has a market cap of 4.75B USD. Its current market price is $23.68, marking a decrease of -1.46% compared to the previous close of $24.03. The 52 week high reached by this stock is $26.05 whilst the lowest price level in 52 weeks is $10.60. The script in recent trading has seen the stock touch a high of $23.9681 and a low of $23.37.
PowerSchool Holdings Inc. (PWSC) has a 20-day trading average at $23.25 and the current price is -9.10% off the 52-week high compared with 123.40% distance from its 52-week low. The 50-day simple moving average of the closing price is $22.92 and its 200-day simple moving average is $17.77. If we look at the stock’s price movements over the week, volatility stands at 3.23%, which decreases to 2.97% over 1 month. It is also key to look at other market indicators of price movement for the stock, where we see that the relative strength index (RSI) is at 54.56 to suggest the stock is neutral.
The consensus objective for the share price is $24.25, suggesting that the stock has a potential upside of 2.35% over the period.
FactSet Research has provided data showing that 14 brokerages have issued ratings for the stock. 0 analysts have rated it as a sell, while 2 advise that it is a overweight. 9 analysts have rated it as a buy and 3 have advised that investors hold their positions. The consensus recommendation rating is Overweight and Wall Street’s advice is for investors to Strong Buy the stock.
The company shares received a number of brokerage firm price updates over the past month, with the latest being on January 04, 2023 when BofA Securities upgraded the stock to “Buy” and issued a price target of between $20 and $32. Credit Suisse initiated its price target at $23.
The current price level is 1.78%, 3.66%, and 33.59% away from its SMA20, SMA50, and SMA200 respectively, with the PWSC price moving above the 50-day SMA on February 17. PowerSchool Holdings Inc. (PWSC) stock is up 4.32% over the week and -1.00% over the past month. Its price is 2.60% year-to-date and 35.47% over the past year.
The company’s next earnings report is expected on 05/04/2023, with forecasts estimating quarterly EPS at $0.2 and $0.78 for whole year. PWSC’s earnings per share are forecast to grow by 23.80% this year and 11.50% over next year. Expected sales for next quarter are $164.44 million, which analysts say will come at $632.2 million for the current fiscal year and next year at $696.2 million. In addition, estimates put the company’s current quarterly revenue at an average of $162.65 million.
Its 12-month price target is $25.00. To reach the target analysts have set, the stock logically needs to grow 2.35 percent from here. Of course, the average price target is just what the average analysts believe a stock will be worth in the next 52 weeks, and is only one metric. There are analysts with lower targets than the average, including one bearish Wall Street research firm advocating investors to wait for the price to pull back to $18.00, given the recent momentum. And then, on the bullish side of things, one analyst is expecting the stock to peak at $32.00.
Outstanding shares total 158.81M with insiders holding 1.98% of the shares and institutional holders owning 80.37% of the company’s common stock. The company has a return on investment of 0.80% and return on equity of -2.50%. The forward price to earnings ratio is 27.34. Price to book ratio is 3.03 and price to sales ratio is 7.71.
Canada Pension Plan isn’t the only investment manager who changed stakes and is followed by Vanguard Total Stock Market Index, which added 22993.0 shares to end up with 2,433,706 shares worth $54.81 million. Vanguard Small Cap Index Fund raise their holdings by 0.55% in the company over the course of the most recent quarter. It now holds a 1.30% position in PowerSchool Holdings Inc. thanks to 2.07 million shares amounting to $46.54 million.
