Analysts Set PowerBank Corporation (NASDAQ:PBK) Price Target at $4.00

Shares of PowerBank Corporation (NASDAQ:PBK) have been given a consensus rating of “Hold” by the six analysts that are currently covering the stock, MarketBeat.com reports. Two investment analysts have rated the stock with a sell recommendation, one has issued a hold recommendation, two have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1 year price target among brokers that have covered the stock in the last year is $4.00.

Several research analysts recently commented on the company. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of PowerBank in a research report on Wednesday, April 8th. Wall Street Zen cut shares of PowerBank from a “hold” rating to a “sell” rating in a research note on Sunday, May 10th. Zacks Research upgraded shares of PowerBank to a “hold” rating in a research note on Thursday, June 4th. Citigroup reaffirmed a “buy” rating on shares of PowerBank in a report on Wednesday, May 20th. Finally, HC Wainwright reiterated a “buy” rating on shares of PowerBank in a research report on Wednesday, June 3rd.

Institutional Investors Weigh In On PowerBank

A number of institutional investors have recently added to or reduced their stakes in PBK. Jane Street Group LLC bought a new stake in shares of PowerBank in the 4th quarter valued at approximately $191,000. Goldman Sachs Group Inc. lifted its position in shares of PowerBank by 416.1% during the 4th quarter. Goldman Sachs Group Inc. now owns 98,359 shares of the company’s stock worth $178,000 after buying an additional 79,302 shares during the period. Virtu Financial LLC acquired a new stake in PowerBank in the 4th quarter valued at $63,000. Citadel Advisors LLC acquired a new stake in PowerBank in the 3rd quarter valued at $52,000. Finally, HRT Financial LP bought a new stake in PowerBank in the fourth quarter valued at $55,000.

PowerBank Price Performance

Shares of PBK stock opened at $0.66 on Friday. The stock has a 50 day moving average of $0.80 and a two-hundred day moving average of $1.03. The company has a current ratio of 1.41, a quick ratio of 0.79 and a debt-to-equity ratio of 2.24. PowerBank has a 12 month low of $0.45 and a 12 month high of $2.55. The company has a market capitalization of $31.48 million, a P/E ratio of -3.47 and a beta of 2.32.

PowerBank (NASDAQ:PBK) last announced its quarterly earnings data on Thursday, May 14th. The company reported ($0.09) earnings per share for the quarter, missing the consensus estimate of ($0.02) by ($0.07). The firm had revenue of ($0.02) million for the quarter, compared to analyst estimates of $5.43 million. PowerBank had a negative return on equity of 32.68% and a negative net margin of 21.31%. As a group, equities analysts expect that PowerBank will post -0.23 EPS for the current year.

PowerBank Company Profile

PowerBank Corporation, formerly known as SolarBank Corporation, operates as an independent renewable and clean energy project developer and asset operator in Canada and the United States. The company engages in the site origination, development, financing, engineering, procurement, construction, operation, maintenance, and asset management of solar photovoltaic power generation projects. It offers solar energy solutions in the areas of behind-the-meter solar power plants, electricity grid connected community solar gardens, and utility scale solar farms.