Transalta Corp. (TAC) At $7.54 Offering A Unique Opportunity

Transalta Corp. (NYSE:TAC) currently has a daily average trading volume of 764.86K but it saw 1174579 shares traded in last market. With a market cap of 2.29B USD, the company’s current market price of $7.54 came rising about 2.45 while comparing to the previous closing price of $7.36. In past 52 weeks, the stock remained buoying in the range of price level as high as $10.40 and as low as $5.94.

Taking a look at 20-day trading activity of Transalta Corp. (TAC) gives us an average price of $7.18, while its current price level is -27.50% below from 52-week high level whereas it is 26.94% above from lowest level seen by the stock during that period. Simple moving average of 50 days or SMA-50 of the stock’s closing price is $7.13 while that of 200 days or SMA-200 reads an average of $7.27. A closer look into the stock’s movement over the week reveals that its volatility is standing at 2.49% during that period while stretching the period over a month that increases to 2.79%. It is also necessary to take a look into other indicators of a stock too, to get a better idea about its price movement. And in doing so, we find stock’s 14-day relative strength index (RSI) standing at 62.57 which implies that the stock is in neutral territory.

Over the week, TAC’s stock price is moving 4.14% up while it is 7.87% when we observe its performance for the past one month. Year-to-date it is -9.27% down and over the past year, the stock is showing a downside performance of -26.15%.

Currently, Transalta Corp.’s total number of outstanding shares is 306.90M. Company’s return on investment (ROI) stands at 12.20% and return on equity (ROE) at 39.33%. It has a price to earnings ratio (P/E ratio) of 4.82 while having a 27.18 of forward P/E ratio. Stock’s beta reads 0.87. Stock has a price to book (P/B) ratio of 3.58 while price to sale or P/S ratio amounts to 0.96. Its return on asset (ROA) is 6.75% on average.