Transalta Corp (NYSE:TAC) shares, rose in value on Friday, February 14, with price up by 1.06% to the previous day’s close as strong demand from buyers drove the stock to $10.53.
Actively observing the price movement in the last trading, the stock closed the session at $10.42, falling within a range of $10.39 and $10.595. The value of beta (5-year monthly) was 0.755 whereas the PE ratio was 27.70 over 12-month period. Referring to stock’s 52-week performance, its high was $14.64, and the low was $5.94. On the whole, TAC has fluctuated by -20.35% over the past month.
With the market capitalization of Transalta Corp currently standing at about $3.14 billion, investors are eagerly awaiting this quarter’s results, scheduled for in March. The company’s Forward Dividend Ratio is 0.18, with its dividend yield at 1.67%.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that TAC’s technical picture suggests that short-term indicators denote the stock is a Hold on average. However, medium-term indicators have put the stock in the category of 50% Buy while long-term indicators on average have been pointing out that it is a 50% Buy.
The stock’s technical analysis shows that the price of TAC currently trading nearly -9.29% and -17.48% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 32.74, while the 7-day volatility ratio is showing 2.67% which for the 30-day chart, stands at 4.88%. Furthermore, Transalta Corp (TAC)’s beta value is 0.86, and its average true range (ATR) is 0.48.
A comparison of Transalta Corp (TAC) with its peers suggests the former has fared considerably weaker in the market. TAC showed an intraday change of 1.06% in last session, and over the past year, it grew by 53.72%%.
Data on historical trading for Transalta Corp (NYSE:TAC) indicates that the trading volumes over the past 10 days have averaged 2.1 and over the past 3 months, they’ve averaged 1.59 million. According to company’s latest data on outstanding shares, there are 298.50 million shares outstanding.
Nearly 0.79% of Transalta Corp’s shares belong to company insiders and institutional investors own 64.46% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 8.35 million shares as on 2025-01-31, resulting in a short ratio of 4.27. According to the data, the short interest in Transalta Corp (TAC) stood at 280.00 of shares outstanding as of 2025-01-31; the number of short shares registered in 2024-12-31 reached 7.71 million. The stock has fallen by -25.58% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the TAC stock heading into the next quarter.
