Talen Energy Corp (NASDAQ:TLN) shares, rose in value on Wednesday, November 20, with price down by -4.01% to the previous day’s close as strong demand from buyers drove the stock to $206.09.
Actively observing the price movement in the last trading, the stock closed the session at $214.70, falling within a range of $204.4 and $221.14. The PE ratio was 11.03 over 12-month period. Referring to stock’s 52-week performance, its high was $217.79, and the low was $53.36. On the whole, TLN has fluctuated by 13.86% over the past month.
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With the market capitalization of Talen Energy Corp currently standing at about $1.82 billion, investors are eagerly awaiting this quarter’s results, scheduled for in December.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 1.94B, with a low estimate of 454.94M and a high estimate of 507M. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 480.97M.
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 100% 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 6.32% and 12.87% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 59.70, while the 7-day volatility ratio is showing 6.90% which for the 30-day chart, stands at 6.02%. Furthermore, Talen Energy Corp (TLN)’s beta value is 1.19, and its average true range (ATR) is 11.83.
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 -4.01% in last session, and over the past year, it grew by 278.91%%.
Data on historical trading for Talen Energy Corp (NASDAQ:TLN) indicates that the trading volumes over the past 10 days have averaged 1.16 and over the past 3 months, they’ve averaged 1.17 million. According to company’s latest data on outstanding shares, there are 59.03 million shares outstanding.
Nearly 2.11% of Talen Energy Corp’s shares belong to company insiders and institutional investors own 99.90% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 2.53 million shares as on 2024-10-31, resulting in a short ratio of 2.69. The stock has risen by 222.02% 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.
