Algonquin Power & Utilities Corp (NYSE:AQN) currently has a daily average trading volume of 5.44M but it saw 5421602 shares traded in last market. With a market cap of 3.74B USD, the company’s current market price of $4.73 came falling about -0.21 while comparing to the previous closing price of $4.74. 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 $4.7 while lowest mark touched by it was $4.8.
Taking a look at 20-day trading activity of Algonquin Power & Utilities Corp (AQN) gives us an average price of $4.80, 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 $4.97 while that of 200 days or SMA-200 reads an average of $5.72. A closer look into the stock’s movement over the week reveals that its volatility is standing at 2.32% during that period while stretching the period over a month that increases to 2.64%. 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 42.35 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 -3.07% down while it is -1.46% 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 -23.59%.
Currently, Algonquin Power & Utilities Corp’s total number of outstanding shares is 767.15M. Company’s return on investment (ROI) stands at -8.44% and return on equity (ROE) at 7.30%. It has a 14.54 of forward P/E ratio. Stock’s beta reads 0.73. Stock has a price to book (P/B) ratio of 0.80 while price to sale or P/S ratio amounts to 1.46. Its return on asset (ROA) is 1.99% on average.
