Algonquin Power & Utilities Corp (NYSE:AQN) currently has a daily average trading volume of 6.42M but it saw 3128825 shares traded in last market. With a market cap of 4.23B USD, the company’s current market price of $5.36 came falling about -1.47 while comparing to the previous closing price of $5.44. In past 52 weeks, the stock remained buoying in the range of price level as high as $6.90 and as low as $4.90. In the recent trading on the day, stock has struck highest price mark of $5.355 while lowest mark touched by it was $5.445.
Taking a look at 20-day trading activity of Algonquin Power & Utilities Corp (AQN) gives us an average price of $5.40, while its current price level is -22.32% below from 52-week high level whereas it is 9.39% 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 $5.61 while that of 200 days or SMA-200 reads an average of $6.01. A closer look into the stock’s movement over the week reveals that its volatility is standing at 2.69% during that period while stretching the period over a month that decreases to 2.31%. 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 44.22 which implies that the stock is in neutral territory.
Wells Fargo downgraded its recommendation for the stock as a “Equal Weight” from “Overweight” on August 12, 2024 while assigning a price target range of $8.50-$6.
Over the week, AQN’s stock price is moving -2.55% down while it is -0.92% when we observe its performance for the past one month. Year-to-date it is -15.19% down and over the past year, the stock is showing a downside performance of -22.09%.
The company is expected to be releasing its next quarterly report on 2024-Nov-08, for which analysts forecasted an EPS of 0.09 while estimate for next year EPS is 0.44. In next quarter, company is expected to be making quarterly sales of $628.29M as analysts are expecting the sales for current fiscal year at $2.72B and seeing the company making $2.54B in sales next year. Moreover, analysts are in estimates of $606.42M for current-quarter revenue.
Currently, Algonquin Power & Utilities Corp’s total number of outstanding shares is 789.99M with 0.06% of that held by the insiders while 61.93% of its common stock has been owned by the institutions. Company’s return on investment (ROI) stands at 0.80% and return on equity (ROE) at 2.17%. It has a price to earnings ratio (P/E ratio) of 35.59 while having a 14.55 of forward P/E ratio. Stock’s beta reads 0.72. Stock has a price to book (P/B) ratio of 0.71 while price to sale or P/S ratio amounts to 1.62. Its return on asset (ROA) is 0.67% on average.
