Algonquin Power & Utilities Corp (NYSE:AQN) shares, rose in value, with the stock price down by -3.39% to the previous day’s close as strong demand from buyers drove the stock to $5.42.
Actively observing the price movement in the last trading, the stock closed the session at $5.61. Referring to stock’s 52-week performance, its high was $6.59, and the low was $4.19. On the whole, AQN has fluctuated by 1.31% over the past month.
With the market capitalization of Algonquin Power & Utilities Corp currently standing at about $4.29 billion, investors are eagerly awaiting this quarter’s results, scheduled for in June. The company’s Forward Dividend Ratio is 0.30, with its dividend yield at 5.60%.
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 100% 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 AQN currently trading nearly -1.86% and 2.43% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 48.93, while the 7-day volatility ratio is showing 2.16% which for the 30-day chart, stands at 2.90%. Furthermore, Algonquin Power & Utilities Corp (AQN)’s beta value is 0.74, 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 -3.39% in last session, and over the past year, it shrunk by -16.62%%.
Data on historical trading for Algonquin Power & Utilities Corp (NYSE:AQN) indicates that the trading volumes over the past 3 months, they’ve averaged 12.68 million. According to company’s latest data on outstanding shares, there are 767.75 million shares outstanding.
Nearly 2.99% of Algonquin Power & Utilities Corp’s shares belong to company insiders and institutional investors own 66.70% of the company’s shares. The stock has risen by 21.80% 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.
