Talen Energy Corp (NASDAQ:TLN) price on Friday, February 07, fall -0.08% below its previous day’s close as a downside momentum from buyers pushed the stock’s value to $238.73.
A look at the stock’s price movement, the close in the last trading session was $238.91, moving within a range at $235.59 and $244.93. The PE ratio in trailing twelve months stood at 12.78. Turning to its 52-week performance, $258.03 and $64.51 were the 52-week high and 52-week low respectively. Overall, TLN moved 12.23% over the past month.
Talen Energy Corp’s market cap currently stands at around $12.14 billion, with investors looking forward to this quarter’s earnings report slated for in March.
Analysts have a consensus estimate of 448.54M for the company’s revenue for the quarter, with a low and high estimate of 383.68M and 507M respectively. The average forecast suggests down to a -14.89% 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 2.01B, representing a -21.45% 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 TLN is a 100% Buy. On the other hand, the stock is on average a 100% Buy as suggested by medium term indicators while long term indicators are putting the stock in 100% Buy category.
The technical evaluation for the stock shows the PEG ratio is 0.16, with TLN’s current price about 4.43% and 10.03% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 58.06, while 7-day volatility ratio is 5.51% and 5.56% in the 30-day chart. Further, Talen Energy Corp (TLN) has a beta value of 1.39, and an average true range (ATR) of 13.41. Analysts have given the company’s stock an average 52-week price target of $222, forecast between a low of $197 and high of $233. Looking at the price targets, the low is 17.48% off current price level while to achieve the yearly target high, price needs to move 2.4%. Nonetheless, investors will most likely welcome a 7.01% jump to $222 which is the analysts’ median price.
If we refocus on Talen Energy Corp (NASDAQ:TLN), historical trading data shows that trading volumes averaged 1.64 over the past 10 days and 992.52K over the past 3 months. The company’s latest data on shares outstanding shows there are 50.86 million shares.
The 2.34% of Talen Energy Corp’s shares are in the hands of company insiders while institutional holders own 90.07% of the company’s shares. Also important is the data on short interest which shows that short shares stood at 2.53 million on 2024-10-31, giving us a short ratio of 2.69. Current price change has pushed the stock 18.49% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the TLN stock continues to rise going into the next quarter.
