Is Powerbridge Technologies Co. Ltd. (NASDAQ: PBTS) Worth Your Money In 2021?

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In the last trading session, 2.98 million shares of the Powerbridge Technologies Co. Ltd. (NASDAQ:PBTS) were traded. Most recently the company’s share price was $1.04, and it changed around -$0.04 or -3.70% from the last close, which brings the market valuation of the company to $48.82M. PBTS currently trades at a discount to its 52-week high of $9.65, offering almost -827.88% off that amount. The share price’s 52-week low was $0.95, which indicates that the current value has risen by an impressive 8.65% since then. We note from Powerbridge Technologies Co. Ltd.’s average daily trading volume that its 10-day average is 5.74 million shares, with the 3-month average coming to 8.74 million.

Powerbridge Technologies Co. Ltd. stock received a consensus recommendation rating of a Buy, based on a mean score of 2.00. If we narrow it down even further, the data shows that 0 out of 1 analysts rate the stock as a Sell; another 0 rate it as Overweight. Among the rest, 0 recommended PBTS as a Hold, whereas 1 deemed it a Buy, and 0 rated it as Underweight. Powerbridge Technologies Co. Ltd. is expected to report earnings per share of $0 for the current quarter.

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Instantly PBTS has showed a red trend with a performance of -3.70% at the end of last trading. The performance over the last five days has remained in the red territory. The rise to weekly highs of 1.1650 on Monday, 11/22/21 increased the stock’s daily price by 10.73%. The company’s shares are currently down -55.74% year-to-date, but still down -11.86% over the last five days. On the other hand, Powerbridge Technologies Co. Ltd. (NASDAQ:PBTS) is -21.21% down in the 30-day period. We can see from the shorts that 2.39 million shares have been sold at a short interest cover period of 0.15 day(s).

The consensus price target as assigned by Wall Street analysts is $7.00, which translates to bulls needing to increase their stock price by 85.14% from its current value. Analyst projections state that PBTS is forecast to be at a low of $7.00 and a high of $7.00. In order for the stock price to hit the forecast high, the stock would need to plunge -573.08% from its current level, while the stock would need to crash -573.08% from its current level to reach the projected low.

Powerbridge Technologies Co. Ltd. (PBTS) estimates and forecasts

PBTS Dividends

Powerbridge Technologies Co. Ltd.’s next quarterly earnings report is expected to be released in December.

Powerbridge Technologies Co. Ltd. (NASDAQ:PBTS)’s Major holders

Upon looking at major shareholders, it appears that insiders hold 11.11% of Powerbridge Technologies Co. Ltd. shares, and 0.48% of them are in the hands of institutional investors. The stock currently has a share float of 0.54%. Powerbridge Technologies Co. Ltd. stock is held by 8 institutions, with Geode Capital Management, LLC being the largest institutional investor. By Sep 29, 2021, it held 0.20% of the shares, which is about 93179.0 shares worth $0.1 million.

Jane Street Group, LLC, with 0.10% or 43896.0 shares worth $49163.0 as of Sep 29, 2021, holds the second largest percentage of outstanding shares.

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Fidelity NASDAQ Composite Index ETF and Fidelity NASDAQ Composite Index Fund were the top two Mutual Funds as of Sep 29, 2021. The former held 70585.0 shares worth $79055.0, making up 0.15% of all outstanding shares. On the other hand, Fidelity NASDAQ Composite Index Fund held roughly 22594.0 shares worth around $25305.0, which represents about 0.05% of the total shares outstanding.