Pacific Ethanol Inc. [NASDAQ: PEIX] plunged by -$0.7 during the normal trading session on Wednesday and reaching a high of $4.04 during the day while it closed the day at $3.32. The company report on August 11, 2020 that Pacific Ethanol Reports Second Quarter 2020 Results.
Pacific Ethanol, Inc. (NASDAQ: PEIX), a leading producer and marketer of high quality alcohol products and low-carbon renewable fuels in the United States, reported its financial results for the three and six months ended June 30, 2020.
“Our strong second quarter financial results, including net income of $14.6 million and Adjusted EBITDA of $28.8 million, were driven by our diversified product portfolio and expanded production of high quality alcohol,” said Mike Kandris, Pacific Ethanol’s Co-CEO. “Our Pekin campus has produced industrial, chemical and beverage grade alcohol for over 100 years, and we recently announced an expansion of our production capacity to meet the demand for our high quality alcohol used in sanitizers and disinfectants, which has increased significantly due to the ongoing coronavirus pandemic. We also continue to experience strong demand for our high value feed and food products, which our Pekin facilities have produced for over 20 years.”.
Pacific Ethanol Inc. stock has also loss -28.60% of its value over the past 7 days. However, PEIX stock has inclined by 581.03% in the 3 months of the year. Over the past six months meanwhile, it has gained 592.24% and gained 410.77% year-on date.
The market cap for PEIX stock reached $225.83 million, with 54.50 million shares outstanding and 53.45 million shares in the current float. Compared to the average trading volume of 3.91M shares, PEIX reached a trading volume of 7664902 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Here’s what leading stock market gurus have to say about Pacific Ethanol Inc. [PEIX]:
B. Riley FBR have made an estimate for Pacific Ethanol Inc. shares, keeping their opinion on the stock as Buy, with their previous recommendation back on November 07, 2018. While these analysts kept the previous recommendation, B. Riley FBR Inc. raised their target price to Buy. The new note on the price target was released on November 28, 2017, representing the official price target for Pacific Ethanol Inc. stock. Previously, the target price had yet another raise to $11, while Rodman & Renshaw analysts kept a Buy rating on PEIX stock.
The Average True Range (ATR) for Pacific Ethanol Inc. is set at 0.61, with the Price to Sales ratio for PEIX stock in the period of the last 12 months amounting to 0.18. The Price to Book ratio for the last quarter was 0.86, with the Price to Cash per share for the same quarter was set at 0.44. Price to Free Cash Flow for PEIX in the course of the last twelve months was 5.17 with Quick ratio for the last quarter at 0.60.
PEIX stock trade performance evaluation
Pacific Ethanol Inc. [PEIX] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -28.60. With this latest performance, PEIX shares gained by 137.14% in over the last four-week period, additionally plugging by 592.24% over the last 6 months – not to mention a rise of 526.42% in the past year of trading.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for PEIX stock in for the last two-week period is set at 52.55, with the RSI for the last a single of trading hit 45.67, and the three-weeks RSI is set at 56.06 for Pacific Ethanol Inc. [PEIX]. The present Moving Average for the last 50 days of trading for this stock 1.90, while it was recorded at 4.09 for the last single week of trading, and 0.86 for the last 200 days.
Pacific Ethanol Inc. [PEIX]: An insightful look at the core fundamentals
Operating Margin for any stock indicates how profitable investing would be, and Pacific Ethanol Inc. [PEIX] shares currently have an operating margin of -3.22 and a Gross Margin at -0.74. Pacific Ethanol Inc.’s Net Margin is presently recorded at -6.24.
Return on Total Capital for PEIX is now -8.70, given the latest momentum, and Return on Invested Capital for the company is -21.81. Return on Equity for this stock declined to -34.24, with Return on Assets sitting at -13.98. When it comes to the capital structure of this company, Pacific Ethanol Inc. [PEIX] has a Total Debt to Total Equity ratio set at 122.13. Additionally, PEIX Total Debt to Total Capital is recorded at 54.98, with Total Debt to Total Assets ending up at 43.82. Long-Term Debt to Equity for the company is recorded at 91.90, with the Long-Term Debt to Total Capital now at 41.37.
Reflecting on the efficiency of the workforce at the company, Pacific Ethanol Inc. [PEIX] managed to generate an average of -$177,898 per employee. Receivables Turnover for the company is 19.99 with a Total Asset Turnover recorded at a value of 2.24.Pacific Ethanol Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.60 and a Current Ratio set at 0.90.
Earnings per share (EPS) analysis for Pacific Ethanol Inc. [PEIX] stock
With the latest financial reports released by the company, Pacific Ethanol Inc. posted -0.58/share EPS, while the average EPS was predicted by analysts to be reported at -0.16/share. When compared, the two values demonstrate that the company fail the estimates by a Surprise Factor of -262.50%. The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for PEIX. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Pacific Ethanol Inc. go to 20.00%.
Pacific Ethanol Inc. [PEIX]: Insider Ownership positions
There are presently around $38 million, or 20.10% of PEIX stock, in the hands of institutional investors. The top three institutional holders of PEIX stocks are: RENAISSANCE TECHNOLOGIES LLC with ownership of 4,153,428, which is approximately 45.607% of the company’s market cap and around 4.50% of the total institutional ownership; BLACKROCK INC., holding 3,500,865 shares of the stock with an approximate value of $11.62 million in PEIX stocks shares; and VANGUARD GROUP INC, currently with $5.62 million in PEIX stock with ownership of nearly 0% of the company’s market capitalization.
Positions in Pacific Ethanol Inc. stocks held by institutional investors increased at the end of August and at the time of the August reporting period, where 18 institutional holders increased their position in Pacific Ethanol Inc. [NASDAQ:PEIX] by around 1,606,819 shares. Additionally, 19 investors decreased positions by around 2,748,231 shares, while 21 investors held positions by with 7,098,495 shares. The mentioned changes placed institutional holdings at 11,453,545 shares, according to the latest SEC report filing. PEIX stock had 10 new institutional investments in for a total of 174,414 shares, while 8 institutional investors sold positions of 742,623 shares during the same period.