Talen Energy Corp (NASDAQ:TLN) price on current trading day, rose 2.89% above its previous day’s close as an upside momentum from buyers pushed the stock’s value to $217.71.
A look at the stock’s price movement, the close in the last trading session was $211.59. The PE ratio in trailing twelve months stood at 11.65. Turning to its 52-week performance, $258.03 and $69.06 were the 52-week high and 52-week low respectively. Overall, TLN moved 13.30% over the past month.
Talen Energy Corp’s market cap currently stands at around $11.07 billion, with investors looking forward to this quarter’s earnings report slated for in March.
Analysts have a consensus estimate of 433.9M 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 -17.67% 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 50% Buy. On the other hand, the stock is on average a 50% 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 0.15, with TLN’s current price about -5.94% and -1.68% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 43.82, while 7-day volatility ratio is 7.63% and 5.63% in the 30-day chart. Further, Talen Energy Corp (TLN) has a beta value of 1.49, and an average true range (ATR) of 13.70. 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 9.51% off current price level while to achieve the yearly target high, price needs to move -7.02%. Nonetheless, investors will most likely welcome a -1.97% 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 964.63K over the past 3 months. The company’s latest data on shares outstanding shows there are 50.86 million shares.
The 2.33% of Talen Energy Corp’s shares are in the hands of company insiders while institutional holders own 89.13% of the company’s shares. Current price change has pushed the stock 8.06% 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.
