On Monday, Algonquin Power & Utilities Corp (NYSE: AQN) opened higher 1.01% from the last session, before settling in for the closing price of $4.96. Price fluctuations for AQN have ranged from $4.88 to $6.79 over the past 52 weeks.
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During the last 5-year period, the sales growth of Utilities Sector giant was 11.39%. Company’s average yearly earnings per share was noted -14.39% at the time writing. With a float of $766.24 million, this company’s outstanding shares have now reached $789.99 million.
Let’s determine the extent of company efficiency that accounts for 3500 employees. 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
A key investor’s attitude towards the stock of the Utilities – Renewable industry is another important factor to consider. The insider ownership of Algonquin Power & Utilities Corp is 3.01%, while institutional ownership is 58.97%.
Algonquin Power & Utilities Corp (AQN) Earnings and Forecasts
If we go through the results of last quarter, which was made public on 6/30/2024, the company posted 0.11 earnings per share (EPS) for the quarter, coming under the agreed prediction (set at 0.12) by -0.01. Wall Street market experts anticipate that the next fiscal year will bring earnings of 0.11 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around -14.39% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will plunge by -7.50% 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
Check out the current performance indicators for Algonquin Power & Utilities Corp (AQN). In the past 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 1.51.
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 0.34 in one year’s time.
Technical Analysis of Algonquin Power & Utilities Corp (AQN)
Looking closely at Algonquin Power & Utilities Corp (NYSE: AQN), its last 5-days average volume was 5.27 million, which is a drop from its year-to-date volume of 5.62 million. As of the previous 9 days, the stock’s Stochastic %D was 26.37%. Additionally, its Average True Range was 0.12.
During the past 100 days, Algonquin Power & Utilities Corp’s (AQN) raw stochastic average was set at 9.12%, which indicates a significant decrease from 40.30% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 20.42% in the past 14 days, which was lower than the 33.28% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $5.28, while its 200-day Moving Average is $5.87. However, in the short run, Algonquin Power & Utilities Corp’s stock first resistance to watch stands at $5.05. Second resistance stands at $5.08. The third major resistance level sits at $5.13. If the price goes on to break the first support level at $4.97, it is likely to go to the next support level at $4.92. Should the price break the second support level, the third support level stands at $4.89.
Algonquin Power & Utilities Corp (NYSE: AQN) Key Stats
There are currently 766,686K shares outstanding in the company with a market cap of 3.96 billion. Presently, the company’s annual sales total 2,698 M according to its annual income of 28,670 K. Last quarter, the company’s sales amounted to 598,630 K and its income totaled 200,770 K.
