On Monday, AES Corp. (NYSE: AES) opened lower -1.49% from the last session, before settling in for the closing price of $17.47. Price fluctuations for AES have ranged from $13.55 to $22.21 over the past 52 weeks.
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During the last 5-year period, the sales growth of Utilities Sector giant was 3.74%. Company’s average yearly earnings per share was noted 9.12% at the time writing. With a float of $709.35 million, this company’s outstanding shares have now reached $710.92 million.
Let’s determine the extent of company efficiency that accounts for 9600 employees. In terms of profitability, gross margin is 20.79%, operating margin of 18.59%, and the pretax margin is 0.16%.
AES Corp. (AES) Insider Activity
A key investor’s attitude towards the stock of the Utilities – Diversified industry is another important factor to consider. The insider ownership of AES Corp. is 0.22%, while institutional ownership is 97.44%. 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
If we go through the results of last quarter, which was made public on 6/30/2024, the company posted 0.6 earnings per share (EPS) for the quarter, besting the agreed prediction (set at 0.54) by 0.06. Wall Street market experts anticipate that the next fiscal year will bring earnings of 0.53 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 9.12% 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
Check out the current performance indicators for AES Corp. (AES). In the past quarter, the stock posted a quick ratio of 0.91. 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 0.61 in the next quarter and is forecasted to reach 2.08 in one year’s time.
Technical Analysis of AES Corp. (AES)
Looking closely at AES Corp. (NYSE: AES), its last 5-days average volume was 8.15 million, which is a jump from its year-to-date volume of 8.13 million. As of the previous 9 days, the stock’s Stochastic %D was 15.14%. Additionally, its Average True Range was 0.54.
During the past 100 days, AES Corp.’s (AES) raw stochastic average was set at 19.55%, which indicates a significant increase from 4.11% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 27.97% in the past 14 days, which was lower than the 38.98% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $17.98, while its 200-day Moving Average is $17.82. However, in the short run, AES Corp.’s stock first resistance to watch stands at $17.56. Second resistance stands at $17.90. The third major resistance level sits at $18.14. If the price goes on to break the first support level at $16.97, it is likely to go to the next support level at $16.74. Should the price break the second support level, the third support level stands at $16.39.
AES Corp. (NYSE: AES) Key Stats
There are currently 710,667K shares outstanding in the company with a market cap of 12.23 billion. Presently, the company’s annual sales total 12,668 M according to its annual income of 249,000 K. Last quarter, the company’s sales amounted to 2,942 M and its income totaled 185,000 K.
