Algonquin Power & Utilities Corp (NYSE:AQN) price on current trading day, fall -0.87% below its previous day’s close as a downside momentum from buyers pushed the stock’s value to $4.48.
A look at the stock’s price movement, the level at last check in today’s session was $4.52, moving within a range at $4.47 and $4.5301. The beta value (5-Year monthly) was 0.523. Turning to its 52-week performance, $6.79 and $4.25 were the 52-week high and 52-week low respectively. Overall, AQN moved -5.87% over the past month.
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Algonquin Power & Utilities Corp’s market cap currently stands at around $3.54 billion, with investors looking forward to this quarter’s earnings report slated for in January. The company has a Forward Dividend ratio of 0.39, with its dividend yield at 8.72%. As such, investors might be keen on an upside in the stock’s price ahead of the scheduled earnings report.
Analysts have a consensus estimate of 635.03M for the company’s revenue for the quarter, with a low and high estimate of 605M and 665.11M respectively. The average forecast suggests down to a -4.78% growth in sales growth compared to quarterly growth in the same period last fiscal year. Wall Street analysts have also projected the company’s year-on-year revenue to grow to 2.59B, representing a -4.12% decline on that reported in the last financial year.
Turning to the stock’s technical picture we see that short term indicators suggest on average that AQN is a 100% Sell. On the other hand, the stock is on average a 100% Sell as suggested by medium term indicators while long term indicators are putting the stock in 100% Sell category.
7 analyst(s) have given their forecast ratings for the stock on a scale of 1.00-5.00 for a strong buy to strong sell recommendation. A total of 2 analyst(s) rate the stock as a Hold, 5 recommend AQN as a Buy and 0 give it an Overweight rating. Meanwhile, 0 analyst(s) rate the stock as Underweight and 0 say it is a Sell. As such, the average rating for the stock is Buy which could provide an opportunity for investors keen on increasing their holdings of the company’s stock.
AQN’s current price about -2.30% and -5.77% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 41.86, while 7-day volatility ratio is 2.55% and 2.79% in the 30-day chart. Further, Algonquin Power & Utilities Corp (AQN) has a beta value of 0.73, and an average true range (ATR) of 0.12. Analysts have given the company’s stock an average 52-week price target of $5.625, forecast between a low of $5.5 and high of $6.75. Looking at the price targets, the low is -22.77% off recent price level in today’s trading while to achieve the yearly target high, it has to move -50.67%. Nonetheless, investors will most likely welcome a -25.56% jump to $5.625 which is the analysts’ median price.
If we refocus on Algonquin Power & Utilities Corp (NYSE:AQN), historical trading data shows that trading volumes averaged 5.63 over the past 10 days and 5.20 million over the past 3 months. The company’s latest data on shares outstanding shows there are 767.15 million shares.
The 3.01% of Algonquin Power & Utilities Corp’s shares are in the hands of company insiders while institutional holders own 59.37% of the company’s shares. Also important is the data on short interest which shows that short shares stood at 13.79 million on 2024-11-29, giving us a short ratio of 2.84. Current price change has pushed the stock -29.11% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the AQN stock continues to rise going into the next quarter.
