AES Corp. (NYSE: AES) on Friday, plunged -0.75% from the previous trading day, before settling in for the closing price of $17.26. Within the past 52 weeks, AES’s price has moved between $11.43 and $22.21.
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Annual sales at Utilities sector company grew by 3.74% over the past five years. The company achieved an average annual earnings per share of 8.95%. With a float of $709.35 million, this company’s outstanding shares have now reached $710.92 million.
Let’s look at the performance matrix of the company that is accounted for 9600 employees. In terms of profitability, gross margin is 24.76%, operating margin of 17.32%, and the pretax margin is 0.28%.
AES Corp. (AES) Insider Updates
Observing investor behavior towards Utilities – Diversified industry stocks is more important than anything else. The insider ownership of AES Corp. is 0.22%, while institutional ownership is 102.41%. 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 and President, Renewables sold 66,250 for $21.15, making the entire transaction worth $1,401,188. This insider now owns 300,672 shares in total.
AES Corp. (AES) Performance Highlights and Predictions
According to the Wall Street analysts, stocks earnings will be around 8.95% 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 0.91 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 0.98.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 1.05, a number that is poised to hit 0.60 in the next quarter and is forecasted to reach 2.09 in one year’s time.
Technical Analysis of AES Corp. (AES)
AES Corp. (NYSE: AES) saw its 5-day average volume 5.16 million, a negative change from its year-to-date volume of 8.0 million. As of the previous 9 days, the stock’s Stochastic %D was 14.09%. Additionally, its Average True Range was 0.46.
During the past 100 days, AES Corp.’s (AES) raw stochastic average was set at 21.60%, which indicates a significant decrease from 31.25% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 20.17% in the past 14 days, which was lower than the 37.92% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $17.54, while its 200-day Moving Average is $17.81. Nevertheless, the first resistance level for the watch stands at $17.38 in the near term. At $17.64, the stock is likely to face the second major resistance level. The third major resistance level sits at $17.83. If the price goes on to break the first support level at $16.94, it is likely to go to the next support level at $16.75. Assuming the price breaks the second support level, the third support level stands at $16.49.
AES Corp. (NYSE: AES) Key Stats
Market capitalization of the company is 12.18 billion based on 710,667K outstanding shares. Right now, sales total 12,668 M and income totals 249,000 K. The company made 2,942 M in profit during its latest quarter, and 185,000 K in sales during its previous quarter.
