AES Corp. (NYSE: AES) on Friday, plunged -7.96% from the previous trading day, before settling in for the closing price of $19.09. Within the past 52 weeks, AES’s price has moved between $11.43 and $22.60.
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A company in the Utilities sector has jumped its sales by 3.74% annually for the last half of the decade. The company achieved an average annual earnings per share of 8.63%. With a float of $709.44 million, this company’s outstanding shares have now reached $710.67 million.
In an organization with 9600 employees, it is important to assess its efficiency.
AES Corp. (AES) Insider and Institutional Ownership
Observing investor behavior towards Utilities – Diversified industry stocks is more important than anything else. The insider ownership of AES Corp. is 0.17%, while institutional ownership is 97.95%. The most recent insider transaction that took place on Jun 06 ’24, was worth 305,250. In this transaction SVP & Chief Accounting Officer of this company sold 15,000 shares at a rate of $20.35, taking the stock ownership to the 43,334 shares. Before that another transaction happened on May 20 ’24, when Company’s EVP & Chief HR Officer sold 66,250 for $21.21, making the entire transaction worth $1,405,162. This insider now owns 199,481 shares in total.
AES Corp. (AES) Latest Financial update
According to the Wall Street analysts, stocks earnings will be around 8.63% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 6.10% during the next five years compared to -25.72% drop over the previous five years of trading.
AES Corp. (NYSE: AES) Trading Performance Indicators
AES Corp. (AES) is currently performing well based on its current performance indicators. A quick ratio of 0.71 was reported for the most recent quarter. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 1.00.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 0.72, a number that is poised to hit 0.34 in the next quarter and is forecasted to reach 2.09 in one year’s time.
Technical Analysis of AES Corp. (AES)
Let’s dig in a bit further. During the last 5-days, its volume was 10.16 million. That was better than the volume of 8.27 million it reported in year-ago period. As of the previous 9 days, the stock’s Stochastic %D was 33.71%. Additionally, its Average True Range was 0.69.
During the past 100 days, AES Corp.’s (AES) raw stochastic average was set at 38.34%, which indicates a significant increase from 6.71% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 41.04% in the past 14 days, which was higher than the 36.14% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $19.41, while its 200-day Moving Average is $17.27. However, in the short run, AES Corp.’s stock first resistance to watch stands at $18.74. Second resistance stands at $19.90. The third major resistance level sits at $20.60. If the price goes on to break the first support level at $16.88, it is likely to go to the next support level at $16.18. The third support level lies at $15.02 if the price breaches the second support level.
AES Corp. (NYSE: AES) Key Stats
Market capitalization of the company is 12.49 billion based on 710,667K outstanding shares. Right now, sales total 12,668 M and income totals 249,000 K. The company made 3,085 M in profit during its latest quarter, and 432,000 K in sales during its previous quarter.
