Talen Energy Corp (NASDAQ:TLN) shares, rose in value, with the stock price down by -1.62% to the previous day’s close as strong demand from buyers drove the stock to $167.89.
Actively observing the price movement in the last trading, the stock closed the session at $170.66, falling within a range of $164.4 and $168.74. The PE ratio was 11.81 over 12-month period. Referring to stock’s 52-week performance, its high was $197.61, and the low was $51.50. On the whole, TLN has fluctuated by 10.38% over the past month.
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With the market capitalization of Talen Energy Corp currently standing at about $8.56 billion, investors are eagerly awaiting this quarter’s results, scheduled for on 2024-Aug-13.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 1.93B, with a low estimate of 359M and a high estimate of 516M. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 489M.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that TLN’s technical picture suggests that short-term indicators denote the stock is a 50% Buy on average. However, medium-term indicators have put the stock in the category of 100% Buy while long-term indicators on average have been pointing out that it is a 100% Buy.
The stock’s technical analysis shows that the price of TLN currently trading nearly -5.38% and 9.95% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 49.00, while the 7-day volatility ratio is showing 5.37% which for the 30-day chart, stands at 5.15%. Furthermore, Talen Energy Corp (TLN)’s beta value is 1.14, and its average true range (ATR) is 9.15.
A comparison of Talen Energy Corp (TLN) with its peers suggests the former has fared considerably weaker in the market. TLN showed an intraday change of -1.62% in last session, and over the past year, it grew by 223.80%%.
Data on historical trading for Talen Energy Corp (NASDAQ:TLN) indicates that the trading volumes over the past 10 days have averaged 0.94 and over the past 3 months, they’ve averaged 1.10 million. According to company’s latest data on outstanding shares, there are 59.03 million shares outstanding.
Nearly 9.01% of Talen Energy Corp’s shares belong to company insiders and institutional investors own 55.66% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 2.53 million shares as on 2024-09-30, resulting in a short ratio of 1.76. The stock has risen by 162.33% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the TLN stock heading into the next quarter.
