Currently, there are 46.35M common shares owned by the public and among those 44.66M shares have been available to trade.
The company’s stock has a 5-day price change of 7.56% and -13.53% over the past three months. SPXC shares are trading 2.05% year to date (YTD), with the 12-month market performance up to 51.69% higher. It has a 12-month low price of $97.55 and touched a high of $183.83 over the same period. SPXC has an average intraday trading volume of 269.80K shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by 2.14%, -6.13%, and 0.16% respectively.
Institutional ownership of SPX Technologies Inc (NYSE: SPXC) shares accounts for 93.97% of the company’s 46.35M shares outstanding.
It has a market capitalization of $6.88B and a beta (3y monthly) value of 1.29. The stock’s trailing 12-month PE ratio is 39.46, while the earnings-per-share (ttm) stands at $3.76. The company has a PEG of 2.63 and a Quick Ratio of 1.19 with the debt-to-equity ratio at 0.58. Price movements for the stock have been influenced by the stock’s volatility, which stands at 2.50% over the week and 3.18% over the month.
Earnings per share for the fiscal year are expected to increase by 29.34%, and 9.68% over the next financial year. EPS should grow at an annualized rate of 15.00% over the next five years, compared to 12.13% over the past 5-year period.
Looking at the support for the SPXC, a number of firms have released research notes about the stock. Sidoti stated their Neutral rating for the stock in a research note on December 06, 2024, with the firm’s price target at $187-$175. Wolfe Research coverage for the SPX Technologies Inc (SPXC) stock in a research note released on November 25, 2024 offered a Outperform rating with a price target of $199. Oppenheimer was of a view on July 18, 2024 that the stock is Perform, while UBS gave the stock Neutral rating on July 05, 2023, issuing a price target of $80- $90. William Blair on their part issued Outperform rating on April 17, 2023.
