Algonquin Power & Utilities Corp (NYSE:AQN) currently has a daily average trading volume of 5.84M but it saw 6056572 shares traded in last market. With a market cap of 5.08B USD, the company’s current market price of $4.73 came falling about -0.63 while comparing to the previous closing price of $4.76. In past 52 weeks, the stock remained buoying in the range of price level as high as $6.79 and as low as $4.67. In the recent trading on the day, stock has struck highest price mark of $4.715 while lowest mark touched by it was $4.83.
Taking a look at 20-day trading activity of Algonquin Power & Utilities Corp (AQN) gives us an average price of $4.90, while its current price level is -30.34% below from 52-week high level whereas it is 1.28% 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 $5.16 while that of 200 days or SMA-200 reads an average of $5.80. A closer look into the stock’s movement over the week reveals that its volatility is standing at 3.66% during that period while stretching the period over a month that decreases to 2.61%. 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 35.90 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 -1.46% down while it is -7.07% when we observe its performance for the past one month. Year-to-date it is -25.16% down and over the past year, the stock is showing a downside performance of -13.84%.
Currently, Algonquin Power & Utilities Corp’s total number of outstanding shares is 789.99M. Company’s return on investment (ROI) stands at -8.44% and return on equity (ROE) at 7.30%. It has a 14.49 of forward P/E ratio. Stock’s beta reads 0.72. Stock has a price to book (P/B) ratio of 0.80 while price to sale or P/S ratio amounts to 1.98. Its return on asset (ROA) is 1.99% on average.
