Pacific Ethanol Inc. [NASDAQ: PEIX] gained 1.96% on the last trading session, reaching $5.73 price per share at the time. The company report on November 10, 2020 that Pacific Ethanol Reports Third Quarter 2020 Results.
Net income of $14.9 million and Adjusted EBITDA of $34.1 million.
Adjusted EBITDA for the second half of 2020 expected to be in the range of $50 to $70 million.
Pacific Ethanol Inc. represents 54.50 million in outstanding shares, while the company has a total market value of $384.88 million with the latest information. PEIX stock price has been found in the range of $5.51 to $5.89.
If compared to the average trading volume of 7.31M shares, PEIX reached a trading volume of 3741135 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Here is what top equities market gurus are saying about Pacific Ethanol Inc. [PEIX]:
BWS Financial have made an estimate for Pacific Ethanol Inc. shares, keeping their opinion on the stock as Buy, with their previous recommendation back on September 22, 2020. While these analysts kept the previous recommendation, B. Riley FBR dropped their target price from $7 to $5. The new note on the price target was released on November 07, 2018, representing the official price target for Pacific Ethanol Inc. stock. Previously, the target price had yet another raise to $7, while B. Riley FBR Inc. analysts kept a Buy rating on PEIX stock.
The Average True Range (ATR) for Pacific Ethanol Inc. is set at 0.82, with the Price to Sales ratio for PEIX stock in the period of the last 12 months amounting to 0.35. The Price to Book ratio for the last quarter was 1.48, 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 25.32 with Quick ratio for the last quarter at 0.60.
Trading performance analysis for PEIX stock
Pacific Ethanol Inc. [PEIX] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -14.99. With this latest performance, PEIX shares dropped by -40.93% in over the last four-week period, additionally plugging by 1264.61% over the last 6 months – not to mention a rise of 1119.15% 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 40.12, with the RSI for the last a single of trading hit 36.26, and the three-weeks RSI is set at 43.32 for Pacific Ethanol Inc. [PEIX]. The present Moving Average for the last 50 days of trading for this stock 7.18, while it was recorded at 5.76 for the last single week of trading, and 2.61 for the last 200 days.
Pacific Ethanol Inc. [PEIX]: A deeper dive into fundamental analysis
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.
Pacific Ethanol Inc. [PEIX]: An earnings per share (EPS) analysis
With the latest financial reports released by the company, Pacific Ethanol Inc. posted -0.25/share EPS, while the average EPS was predicted by analysts to be reported at -0.27/share. When compared, the two values demonstrate that the company surpassed the estimates by a Surprise Factor of 7.40%. 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%.
An analysis of insider ownership at Pacific Ethanol Inc. [PEIX]
There are presently around $83 million, or 14.80% of PEIX stock, in the hands of institutional investors. The top three institutional holders of PEIX stocks are: RENAISSANCE TECHNOLOGIES LLC with ownership of 4,836,486, which is approximately 16.446% of the company’s market cap and around 3.70% of the total institutional ownership; BLACKROCK INC., holding 2,143,504 shares of the stock with an approximate value of $12.28 million in PEIX stocks shares; and VANGUARD GROUP INC, currently with $9.71 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 October and at the time of the October reporting period, where 36 institutional holders increased their position in Pacific Ethanol Inc. [NASDAQ:PEIX] by around 4,905,078 shares. Additionally, 26 investors decreased positions by around 1,987,891 shares, while 13 investors held positions by with 7,548,257 shares. The mentioned changes placed institutional holdings at 14,441,226 shares, according to the latest SEC report filing. PEIX stock had 27 new institutional investments in for a total of 3,623,483 shares, while 11 institutional investors sold positions of 312,634 shares during the same period.