Algonquin Power & Utilities Corp (NYSE:AQN) currently has a daily average trading volume of 6.03M but it saw 3603774 shares traded in last market. With a market cap of 4.89B USD, the company’s current market price of $6.19 came falling about -0.80 while comparing to the previous closing price of $6.24. In past 52 weeks, the stock remained buoying in the range of price level as high as $8.21 and as low as $4.90.
Taking a look at 20-day trading activity of Algonquin Power & Utilities Corp (AQN) gives us an average price of $6.13, while its current price level is -24.58% below from 52-week high level whereas it is 26.32% 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 $6.09 while that of 200 days or SMA-200 reads an average of $6.05. A closer look into the stock’s movement over the week reveals that its volatility is standing at 1.77% during that period while stretching the period over a month that increases to 2.19%. 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 54.65 which implies that the stock is in neutral territory.
BMO Capital Markets upgraded its recommendation for the stock as a “Outperform” from “Market Perform” on January 08, 2024 while assigning a price target range of $7-$7.50. BofA Securities issued its recommendations for the stock as it downgraded the price target for the stock in the range of between $9 and $8.50.
Over the week, AQN’s stock price is moving 0.98% up while it is 4.74% when we observe its performance for the past one month. Year-to-date it is -2.06% down and over the past year, the stock is showing a downside performance of -22.82%.
Currently, Algonquin Power & Utilities Corp’s total number of outstanding shares is 789.69M. Company’s return on investment (ROI) stands at -2.47% and return on equity (ROE) at -6.39%. It has a 12.79 of forward P/E ratio. Stock’s beta reads 0.71. Stock has a price to book (P/B) ratio of 0.94 while price to sale or P/S ratio amounts to 1.85. Its return on asset (ROA) is -1.82% on average.
