$8.52M in average volume shows that AES Corp. (AES) is heading in the right direction

AES Corp. (NYSE: AES) kicked off on November 20, 2023, at the price of $16.93, up 1.18% from the previous trading day. During the day, the shares moved up to $17.26 and dropped to $16.67 before settling in for the closing price of $17.01. Over the past 52 weeks, AES has traded in a range of $11.43-$29.89.

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Utilities Sector giant saw their annual sales surged by 4.10% over the last five years. While this was happening, its average annual earnings per share was recorded 2.59%. With a float of $666.09 million, this company’s outstanding shares have now reached $668.74 million.

The firm has a total of 9100 workers. Let’s measure their productivity. In terms of profitability, gross margin is +20.19, operating margin of +18.55, and the pretax margin is -1.34.

AES Corp. (AES) Insider Activity

Our next focus will be how large-scale investors are participating in this stock of the Utilities – Diversified Industry. The insider ownership of AES Corp. is 0.53%, while institutional ownership is 95.31%. The most recent insider transaction that took place on Nov 09, was worth 39,935. In this transaction SVP, COO, Pres. New Enrgy Tech of this company bought 2,450 shares at a rate of $16.30, taking the stock ownership to the 61,981 shares. Before that another transaction happened on Nov 08, when Company’s EVP and Pres., Energy Infrast. bought 2,450 for $16.37, making the entire transaction worth $40,106. This insider now owns 121,123 shares in total.

AES Corp. (AES) Earnings and Forecasts

In the latest quarterly report, which was put into the public domain on 9/29/2023, the organization reported $0.6 earnings per share (EPS), higher than consensus estimate (set at $0.54) by $0.06. This company achieved a net margin of -4.33 while generating a return on equity of -13.98. Wall Street market experts anticipate that the next fiscal year will bring earnings of 0.35 per share during the current fiscal year.

According to the Wall Street analysts, stocks earnings will be around 2.59% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 7.30% during the next five years compared to 0.38% growth over the previous five years of trading.

AES Corp. (NYSE: AES) Trading Performance Indicators

Take a look at AES Corp.’s (AES) current performance indicators. Last quarter, stock had a quick ratio of 0.74. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 0.90.

For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -0.87, a number that is poised to hit 0.69 in the next quarter and is forecasted to reach 1.90 in one year’s time.

Technical Analysis of AES Corp. (AES)

Analysing the last 5-days average volume posted by the [AES Corp., AES], we can find that recorded value of 5.8 million was lower than the volume posted last year of 6.21 million. As of the previous 9 days, the stock’s Stochastic %D was 87.37%. Additionally, its Average True Range was 0.55.

During the past 100 days, AES Corp.’s (AES) raw stochastic average was set at 51.75%, which indicates a significant decrease from 97.86% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 54.65% in the past 14 days, which was higher than the 39.26% volatility it showed in the past 100 days.

At the time of writing, stock’s 50-day Moving Average is $15.21, while its 200-day Moving Average is $20.25. Now, the first resistance to watch is $17.42. This is followed by the second major resistance level at $17.64. The third major resistance level sits at $18.01. If the price goes on to break the first support level at $16.83, it is likely to go to the next support level at $16.46. Should the price break the second support level, the third support level stands at $16.24.

AES Corp. (NYSE: AES) Key Stats

The company with the Market Capitalisation of 11.52 billion has total of 669,629K Shares Outstanding. Its annual sales at the moment are 12,617 M in contrast with the sum of -546,000 K annual income. Company’s last quarter sales were recorded 3,434 M and last quarter income was 231,000 K.


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