Algonquin Power & Utilities Corp (NYSE:AQN) shares, rose in value, with the stock price down by -6.37% to the previous day’s close as strong demand from buyers drove the stock to $4.49.
Actively observing the price movement in the recent trading, the stock is buoying the session at $4.79. Referring to stock’s 52-week performance, its high was $6.79, and the low was $4.19. On the whole, AQN has fluctuated by -1.86% over the past month.
With the market capitalization of Algonquin Power & Utilities Corp currently standing at about $3.54 billion, investors are eagerly awaiting this quarter’s results, scheduled for in April. The company’s Forward Dividend Ratio is 0.35, with its dividend yield at 7.74%.
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 609M and a high estimate of 664.19M. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 644.73M.
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 Hold 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 price of AQN currently trading nearly -6.22% and -2.01% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 38.47, while the 7-day volatility ratio is showing 2.48% which for the 30-day chart, stands at 2.78%. Furthermore, Algonquin Power & Utilities Corp (AQN)’s beta value is 0.77, and its average true range (ATR) is 0.16.
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 -6.37% in today’s session so far, and over the past year, it shrunk by -23.20%%.
Data on historical trading for Algonquin Power & Utilities Corp (NYSE:AQN) indicates that the trading volumes over the past 3 months, they’ve averaged 8.56 million. According to company’s latest data on outstanding shares, there are 767.15 million shares outstanding.
Nearly 2.98% of Algonquin Power & Utilities Corp’s shares belong to company insiders and institutional investors own 61.43% of the company’s shares. The stock has risen by 0.79% 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.
