Algonquin Power & Utilities Corp (NYSE:AQN) shares, rose in value on Friday, January 03, with the stock price up by 1.45% to the previous day’s close as strong demand from buyers drove the stock to $4.61.
Actively observing the price movement in the recent trading, the stock is buoying the session at $4.54, falling within a range of $4.565 and $4.61. The value of beta (5-year monthly) is 0.523. Referring to stock’s 52-week performance, its high was $6.79, and the low was $4.25. On the whole, AQN has fluctuated by -4.84% over the past month.
With the market capitalization of Algonquin Power & Utilities Corp currently standing at about $3.64 billion, investors are eagerly awaiting this quarter’s results, scheduled for in February. The company’s Forward Dividend Ratio is 0.35, with its dividend yield at 7.53%.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 2.59B, with a low estimate of 605M and a high estimate of 665.11M. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 635.03M.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that AQN’s technical picture suggests that short-term indicators denote the stock is a 50% Sell on average. However, medium-term indicators have put the stock in the category of 100% Sell while long-term indicators on average have been pointing out that it is a 100% Sell.
The stock’s technical analysis shows that the PEG ratio is about N/A, with the price of AQN currently trading nearly 1.86% and -2.15% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 51.32, while the 7-day volatility ratio is showing 2.26% which for the 30-day chart, stands at 2.70%. Furthermore, Algonquin Power & Utilities Corp (AQN)’s beta value is 0.74, and its average true range (ATR) is 0.12.
A comparison of Algonquin Power & Utilities Corp (AQN) with its peers suggests the former has fared considerably weaker in the market. AQN showed an intraday change of 1.45% in today’s session so far, and over the past year, it shrunk by -27.58%%.
Data on historical trading for Algonquin Power & Utilities Corp (NYSE:AQN) indicates that the trading volumes over the past 10 days have averaged 5.59 and over the past 3 months, they’ve averaged 5.29 million. According to company’s latest data on outstanding shares, there are 767.15 million shares outstanding.
Nearly 3.01% of Algonquin Power & Utilities Corp’s shares belong to company insiders and institutional investors own 59.37% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 13.79 million shares as on 2024-12-13, resulting in a short ratio of 3.06. The stock has risen by 3.50% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the AQN stock heading into the next quarter.