AES Corp. (AES) average volume reaches $8.03M: Is Wall Street expecting a rally?

AES Corp. (NYSE: AES) kicked off on Monday, down -1.27% from the previous trading day, before settling in for the closing price of $18.91. Over the past 52 weeks, AES has traded in a range of $11.43-$22.21.

Over the past five-year period, the growth rate of yearbook sales for the company of the Utilities sector was 3.74%. While this was happening, its average annual earnings per share was recorded 8.95%. With a float of $709.35 million, this company’s outstanding shares have now reached $710.92 million.

Considering the fact that the conglomerate employs 9600 people, you should pay attention to its efficiency factor. 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 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 0.22%, while institutional ownership is 97.54%. 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) Earnings and Forecasts

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 10.50% during the next five years compared to -25.72% drop 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 0.91. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 1.07.

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 2.08 in one year’s time.

Technical Analysis of AES Corp. (AES)

Compared to the last year’s volume of 8.17 million, its volume of 8.01 million showed lagged in the last five days. As of the previous 9 days, the stock’s Stochastic %D was 11.58%. Additionally, its Average True Range was 0.56.

During the past 100 days, AES Corp.’s (AES) raw stochastic average was set at 43.04%, which indicates a significant increase from 10.37% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 27.02% in the past 14 days, which was lower than the 38.45% volatility it showed in the past 100 days.

At the time of writing, stock’s 50-day Moving Average is $17.89, while its 200-day Moving Average is $17.90. Nevertheless, the first resistance level for the watch stands at $18.95 in the near term. At $19.24, the stock is likely to face the second major resistance level. The third major resistance level sits at $19.47. If the price goes on to break the first support level at $18.43, it is likely to go to the next support level at $18.20. Should the price break the second support level, the third support level stands at $17.92.

AES Corp. (NYSE: AES) Key Stats

The company with the Market Capitalisation of 13.27 billion has total of 710,667K Shares Outstanding. Its annual sales at the moment are 12,668 M in contrast with the sum of 249,000 K annual income. Company’s last quarter sales were recorded 2,942 M and last quarter income was 185,000 K.