Algonquin Power & Utilities Corp (NYSE:AQN) shares, rose in value, with the stock price up by 0.87% to the previous day’s close as strong demand from buyers drove the stock to $5.22.
Actively observing the price movement in the recent trading, the stock is buoying the session at $5.17, falling within a range of $5.165 and $5.25. The value of beta (5-year monthly) is 0.561. 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 9.56% over the past month.
With the market capitalization of Algonquin Power & Utilities Corp currently standing at about $4.12 billion, investors are eagerly awaiting this quarter’s results, scheduled for on 2025-Mar-06. The company’s Forward Dividend Ratio is 0.35, with its dividend yield at 6.65%.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 2.43B, with a low estimate of 648M and a high estimate of 751.24M. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 699.08M.
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 50% Buy on average. However, medium-term indicators have put the stock in the category of Hold 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 AQN currently trading nearly 4.55% and 9.36% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 67.52, while the 7-day volatility ratio is showing 1.70% which for the 30-day chart, stands at 3.24%. Furthermore, Algonquin Power & Utilities Corp (AQN)’s beta value is 0.73, and its average true range (ATR) is 0.13.
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 0.87% in today’s session so far, and over the past year, it shrunk by -13.37%%.
Data on historical trading for Algonquin Power & Utilities Corp (NYSE:AQN) indicates that the trading volumes over the past 10 days have averaged 9.18 and over the past 3 months, they’ve averaged 10.06 million. According to company’s latest data on outstanding shares, there are 767.34 million shares outstanding.
Nearly 2.99% of Algonquin Power & Utilities Corp’s shares belong to company insiders and institutional investors own 61.48% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 25.03 million shares as on 2025-03-14, resulting in a short ratio of 1.81. The stock has risen by 17.19% 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.
