Powerus (NASDAQ:PUSA) Shares Climb 3.6% – What’s Next?

Powerus Corporation (NASDAQ:PUSA) rose 3.6% during trading on Monday. The company traded as high as $2.09 and last traded at $2.03. 1,011,476 shares changed hands during mid-day trading, a decline of 22% from the average session volume of 1,295,887 shares. The stock had previously closed at $1.96.

Analyst Upgrades and Downgrades

PUSA has been the subject of several recent analyst reports. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Powerus in a research report on Monday, September 21st. Zacks Research raised shares of Powerus to a “hold” rating in a research report on Thursday, August 27th. Roth Capital assumed coverage on shares of Powerus in a research note on Wednesday, August 26th. They set a “buy” rating and a $7.50 price objective for the company. Finally, Wall Street Zen upgraded shares of Powerus from a “sell” rating to a “hold” rating in a research note on Saturday, August 15th. One research analyst has rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, Powerus currently has an average rating of “Hold” and an average target price of $7.50.

Powerus Trading Down 5.8%

The firm has a fifty day moving average of $3.13 and a 200 day moving average of $3.78. The company has a market capitalization of $294.91 million, a P/E ratio of -6.21 and a beta of 5.19.

Powerus (NASDAQ:PUSA) last posted its earnings results on Thursday, August 13th. The company reported ($0.00) earnings per share (EPS) for the quarter. The business had revenue of $0.71 million for the quarter. Powerus had a negative net margin of 154.20% and a negative return on equity of 12.81%. Sell-side analysts anticipate that Powerus Corporation will post -0.13 EPS for the current fiscal year.

Hedge Funds Weigh In On Powerus

Several hedge funds and other institutional investors have recently modified their holdings of PUSA. PEAK6 LLC bought a new stake in shares of Powerus in the second quarter worth $1,197,000. BlackRock Inc. purchased a new stake in Powerus during the second quarter valued at $394,000. Bank of America Corp DE purchased a new stake in Powerus during the second quarter valued at $384,000. Finally, Thrive Wealth Management LLC bought a new position in Powerus in the second quarter valued at about $120,000.

Powerus Company Profile

We own and operate two public golf country clubs in Florida that each features a golf-club, consisting of over 289 acres of multi-service recreational property. Our golf country clubs include two golf-courses with over 13,000 yards of combined fairways, clubhouses boasting food and beverage options, aquatic golf ranges, and pro shops to assist any level of golfer. We believe our golf country clubs are a serene combination of approachable golf and nature that are designed to appeal to local residents and tourists alike.