Algonquin Power & Utilities Corp (NYSE:AQN) price on Thursday, February 06, fall -1.53% below its previous day’s close as a downside momentum from buyers pushed the stock’s value to $4.50.
A look at the stock’s price movement, the close in the last trading session was $4.57, moving within a range at $4.47 and $4.625. The beta value (5-Year monthly) was 0.523. Turning to its 52-week performance, $6.79 and $4.19 were the 52-week high and 52-week low respectively. Overall, AQN moved 0.45% over the past month.
Algonquin Power & Utilities Corp’s market cap currently stands at around $3.56 billion, with investors looking forward to this quarter’s earnings report slated for in March. The company has a Forward Dividend ratio of 0.35, with its dividend yield at 7.71%. 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 644.73M for the company’s revenue for the quarter, with a low and high estimate of 609M and 664.19M respectively. The average forecast suggests down to a -3.32% 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 50% 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 1.93% and -0.53% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 52.04, while 7-day volatility ratio is 4.24% and 3.41% in the 30-day chart. Further, Algonquin Power & Utilities Corp (AQN) has a beta value of 0.78, and an average true range (ATR) of 0.15. 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 -22.22% off current price level while to achieve the yearly target high, price needs to move -50.0%. Nonetheless, investors will most likely welcome a -25.0% 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 9.37 over the past 10 days and 6.50 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 59.23% of the company’s shares. Also important is the data on short interest which shows that short shares stood at 18.57 million on 2025-01-15, giving us a short ratio of 2.91. Current price change has pushed the stock 1.12% 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.
