A new trading day began on Monday, with Transalta Corp. (NYSE: TAC) stock price down -1.91% from the previous day of trading, before settling in for the closing price of $10.48. TAC’s price has ranged from $5.94 to $10.73 over the past 52 weeks.
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Over the past five-year period, the growth rate of yearbook sales for the company of the Utilities sector was 15.00%. Meanwhile, its annual earnings per share averaged -53.83%. With a float of $296.76 million, this company’s outstanding shares have now reached $306.90 million.
Considering the fact that the conglomerate employs 1257 people, you should pay attention to its efficiency factor. In terms of profitability, gross margin is 51.64%, operating margin of 30.82%, and the pretax margin is 24.35%.
Transalta Corp. (TAC) Breakdown of a Key Holders of the stock
As we move forward, let’s examine how large-scale investors are investing in this stock of the Utilities – Independent Power Producers Industry. The insider ownership of Transalta Corp. is 0.58%, while institutional ownership is 62.60%.
Transalta Corp. (TAC) Recent Fiscal highlights
In its latest quarterly report, released on 6/30/2024, the company reported earnings of 1.05 per share, which was $0.1 higher than the consensus estimate of $0.26. In terms of return on equity, this company recorded -19.55% in contrast with 50.0% return on Investment (trailing twelve months). Wall Street market experts anticipate that the next fiscal year will bring earnings of 0.14 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around -53.83% per share during the next fiscal year.
Transalta Corp. (NYSE: TAC) Trading Performance Indicators
Here are Transalta Corp.’s current performance indicators. According to the last quarter’s results, the stock had a quick ratio of 0.75. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 1.31. Likewise, its price to free cash flow for the trailing twelve months is 5.12.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 1.52, a number that is poised to hit 0.14 in the next quarter and is forecasted to reach 0.34 in one year’s time.
Technical Analysis of Transalta Corp. (TAC)
Compared to the last year’s volume of 0.75 million, its volume of 0.62 million showed lagged in the last five days. As of the previous 9 days, the stock’s Stochastic %D was 58.09%. Additionally, its Average True Range was 0.23.
During the past 100 days, Transalta Corp.’s (TAC) raw stochastic average was set at 88.61%, which indicates a significant increase from 30.77% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 21.22% in the past 14 days, which was lower than the 30.79% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $9.49, while its 200-day Moving Average is $7.64. Nevertheless, the first resistance level for the watch stands at $10.44 in the near term. At $10.60, the stock is likely to face the second major resistance level. The third major resistance level sits at $10.71. If the price goes on to break the first support level at $10.16, it is likely to go to the next support level at $10.05. Now, if the price goes above the second support level, the third support stands at $9.89.
Transalta Corp. (NYSE: TAC) Key Stats
With a market capitalization of 3.07 billion, the company has a total of 302,557K Shares Outstanding. Currently, annual sales are 2,485 M while annual income is 514,860 K. The company’s previous quarter sales were 425,270 K while its latest quarter income was 50,420 K.
