Pentair plc (NYSE: PNR) Recovers 48.34% From 52-Week Low, Is PNR Still A High-Risk, High-Reward Play?

Pentair plc (NYSE:PNR) currently has a daily average trading volume of 1.66M but it saw 1110941 shares traded in last market. With a market cap of 14.04B USD, the company’s current market price of $84.82 came rising about 0.78 while comparing to the previous closing price of $84.16. In past 52 weeks, the stock remained buoying in the range of price level as high as $89.63 and as low as $57.18. In the recent trading on the day, stock has struck highest price mark of $83.9214 while lowest mark touched by it was $85.21.

Taking a look at 20-day trading activity of Pentair plc (PNR) gives us an average price of $84.75, while its current price level is -5.37% below from 52-week high level whereas it is 48.34% above from lowest level seen by the stock during that period. Simple moving average of 50 days or SMA-50 of the stock’s closing price is $80.89 while that of 200 days or SMA-200 reads an average of $76.55. A closer look into the stock’s movement over the week reveals that its volatility is standing at 1.53% during that period while stretching the period over a month that increases to 2.74%. It is also necessary to take a look into other indicators of a stock too, to get a better idea about its price movement. And in doing so, we find stock’s 14-day relative strength index (RSI) standing at 54.29 which implies that the stock is in neutral territory.

Northcoast upgraded its recommendation for the stock as a “Buy” from “Neutral” on April 15, 2024 while assigning a price target of $100. Goldman also issued its recommendations for the stock as it downgraded the price target for the stock is $91.

Over the week, PNR’s stock price is moving 2.03% up while it is -2.72% when we observe its performance for the past one month. Year-to-date it is 16.66% up and over the past year, the stock is showing an upside performance of 27.63%.

Currently, Pentair plc’s total number of outstanding shares is 165.30M with 0.62% of that held by the insiders while 97.49% of its common stock has been owned by the institutions. Company’s return on investment (ROI) stands at 12.47% and return on equity (ROE) at 20.72%. It has a price to earnings ratio (P/E ratio) of 21.47 while having a 17.72 of forward P/E ratio. Stock’s beta reads 1.19. Stock has a price to book (P/B) ratio of 4.09 while price to sale or P/S ratio amounts to 3.42. Its return on asset (ROA) is 10.11% on average.