Brookfield Renewable Corporation (BEPC) Reports -13.19% Fall From For 52 Week High, It’s Always Darkest Before The Dawn

Brookfield Renewable Corporation (NYSE:BEPC) does about 1.16M shares in volume on a normal day but saw 1634305 shares change hands in Friday’s trading. The company now has a market cap of 11.74B USD. Its current market price is $31.39, marking an increase of 2.08% compared to the previous close of $30.75. The 52 week high reached by this stock is $36.16 whilst the lowest price level in 52 weeks is $21.35.

Brookfield Renewable Corporation (BEPC) has a 20-day trading average at $25.29 and the current price is -13.19% off the 52-week high compared with 47.03% distance from its 52-week low. The 50-day simple moving average of the closing price is $24.61 and its 200-day simple moving average is $26.19. If we look at the stock’s price movements over the week, volatility stands at 3.12%, which increases to 3.44% over 1 month. It is also key to look at other market indicators of price movement for the stock, where we see that the relative strength index (RSI) is at 84.11 to suggest the stock is overbought.

The consensus objective for the share price is $29.56, suggesting that the stock has a potential downside of -6.19% over the period.

JP Morgan upgraded the stock to “Overweight” from Neutral on December 09, 2021 at a price target of $52. Wells Fargo upgraded its price target at $47-$53.

Brookfield Renewable Corporation (BEPC) stock is up 10.65% over the week and 35.42% over the past month. Its price is 9.03% year-to-date and -10.93% over the past year.

To reach the target analysts have set, the stock logically needs to shrink -6.19 percent from here.

The company has a return on investment of 7.17% and return on equity of 24.97%. The price to earnings ratio (P/E ratio) amounts to 8.41. The beta has a value of 1.14. Price to book ratio is 1.93 and price to sales ratio is 2.92.