The trading price of Talen Energy Corp (NASDAQ:TLN) closed lower on current market day and closing at $178.62, -6.16% lower than its previous close.
Traders who pay close attention to intraday price movement should know that it fluctuated between $174.61 and $192.56. The company’s P/E ratio in the trailing 12-month period was 12.56. In examining the 52-week price action we see that the stock hit a 52-week high of $197.61 and a 52-week low of $51.50. Over the past month, the stock has gained 24.85% in value.
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Talen Energy Corp, whose market valuation is $9.11 billion at the time of this writing, is expected to release its quarterly earnings report in November. Investors’ optimism about the company’s current quarter earnings report is understandable. Analysts have predicted the quarterly earnings per share to grow by 0 per share this quarter, however they have predicted annual earnings per share of 13.63 for current year and 6.97 for next year.
Analysts have forecast the company to bring in revenue of 489M for the current quarter, with the likely lows of 359M and highs of 516M. From the analysts’ viewpoint, the consensus estimate for the company’s annual revenue is 1.93B.
On the technical side, indicators suggest TLN has a 100% Buy on average for the short term. According to the data of the stock’s medium term indicators, the stock is currently averaging as a 100% Buy, while an average of long term indicators suggests that the stock is currently 100% Buy.
A quick review shows that TLN’s price is currently 3.38% off the SMA20 and 20.70% off the SMA50. The RSI metric on the 14-day chart is currently showing 57.42, and weekly volatility stands at 5.34%. When measured over the past 30 days, the indicator reaches 5.12%. Talen Energy Corp (NASDAQ:TLN)’s beta value is currently sitting at 1.07, while the Average True Range indicator is currently displaying 9.58. With analysts defining $197-$233 as the low and high price targets, we arrive at a consensus price target of $214.5 for the trailing 12-month period. The current price is about -10.29% off the estimated low and -30.44% off the forecast high, based on this estimate. Investors will be thrilled if TLN’s share price rises to $214.5, which is the median consensus price. At that level, TLN’s share price would be -20.09% below current price.
To see how Talen Energy Corp stock has been performing in comparison to its peers in the industry, here are the numbers: TLN stock’s performance was -6.16% in the latest trading, and 238.42% in the past year. Talen Energy Corp has a P/E ratio of 12.56.
An evaluation of the daily trading volume of Talen Energy Corp (NASDAQ:TLN) indicates that the 3-month average is 1.08 million. However, this figure has increased over the past 10 days to an average of 1.27.
Currently, records show that 59.03 million of the company’s shares remain outstanding. The insiders hold 9.01% of outstanding shares, whereas institutions hold 55.66%. The stats also highlight that short interest as of 2024-09-13, stood at 0.75 million shares, resulting in a short ratio of 1.1 at that time. It is noteworthy that short shares in September were up slightly from the previous month’s figure, which was 0.68 million. However, since the stock’s price has seen 179.09% year-to-date, investors’ interest is likely to be reignited due to its potential to move even higher.
