On Friday, Algonquin Power & Utilities Corp (NYSE: AQN) was 2.88% up from the session before settling in for the closing price of $5.20. A 52-week range for AQN has been $4.90 – $7.67.
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Over the past five-year period, the growth rate of yearbook sales for the company of the Utilities sector was 11.39%. When this article was written, the company’s average yearly earnings per share was at -8.07%. With a float of $765.07 million, this company’s outstanding shares have now reached $789.99 million.
Considering the fact that the conglomerate employs 3500 people, you should pay attention to its efficiency factor. In terms of profitability, gross margin is 60.85%, operating margin of 16.85%, and the pretax margin is -2.04%.
Algonquin Power & Utilities Corp (AQN) Insider Activity
Also, it is sometimes useful to examine the sentiment of large-scale investors toward Algonquin Power & Utilities Corp stocks. The insider ownership of Algonquin Power & Utilities Corp is 3.01%, while institutional ownership is 58.32%.
Algonquin Power & Utilities Corp (AQN) Earnings and Forecasts
Going through the last 3-months fiscal report unveiled on the 6/30/2024, it has been observed that the corporation posted 0.11 earnings per share (EPS) during the time that was less than consensus figure (set at 0.12) by -0.01. Wall Street market experts anticipate that the next fiscal year will bring earnings of 0.12 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around -8.07% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 1.70% during the next five years compared to -40.16% drop over the previous five years of trading.
Algonquin Power & Utilities Corp (NYSE: AQN) Trading Performance Indicators
You can see what Algonquin Power & Utilities Corp (AQN) is doing with its current performance indicators. In the most recent quarter, the stock posted a quick ratio of 0.78. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 1.62.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 0.15, a number that is poised to hit 0.10 in the next quarter and is forecasted to reach 0.40 in one year’s time.
Technical Analysis of Algonquin Power & Utilities Corp (AQN)
Compared to the last year’s volume of 5.71 million, its volume of 13.27 million showed improvement in the last five days. As of the previous 9 days, the stock’s Stochastic%D was 18.37%. Additionally, its Average True Range was 0.22.
During the past 100 days, Algonquin Power & Utilities Corp’s (AQN) raw stochastic average was set at 20.00%, which indicates a significant decrease from 26.37% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 64.56% in the past 14 days, which was higher than the 35.52% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $5.92, while its 200-day Moving Average is $6.08. Nevertheless, the first resistance level for the watch stands at $5.42 in the near term. At $5.49, the stock is likely to face the second major resistance level. The third major resistance level sits at $5.60. If the price goes on to break the first support level at $5.24, it is likely to go to the next support level at $5.13. Should the price break the second support level, the third support level stands at $5.06.
Algonquin Power & Utilities Corp (NYSE: AQN) Key Stats
There are 766,686K outstanding shares of the company, which has a market capitalization of 4.23 billion. As of now, sales total 2,698 M while income totals 28,670 K. Its latest quarter income was 598,630 K while its last quarter net income were 200,770 K.
