Algonquin Power & Utilities Corp (NYSE: AQN) kicked off on Monday, down -0.42% from the previous trading day, before settling in for the closing price of $4.76. Over the past 52 weeks, AQN has traded in a range of $4.72-$6.79.
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Annual sales at Utilities sector company grew by 11.39% over the past five years. While this was happening, its average annual earnings per share was recorded -15.14%. With a float of $766.24 million, this company’s outstanding shares have now reached $789.99 million.
Let’s look at the performance matrix of the company that is accounted 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 and Institutional Ownership
Our next focus will be how large-scale investors are participating in this stock of the Utilities – Renewable Industry. The insider ownership of Algonquin Power & Utilities Corp is 3.01%, while institutional ownership is 59.28%.
Algonquin Power & Utilities Corp (AQN) Latest Financial update
In the latest quarterly report, which was put into the public domain on 6/30/2024, the organization reported 0.11 earnings per share (EPS), lower than consensus estimate (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 -15.14% 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
Take a look at Algonquin Power & Utilities Corp’s (AQN) current performance indicators. Last quarter, stock had a quick ratio of 0.78. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 1.91.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 0.15, a number that is poised to hit 0.09 in the next quarter and is forecasted to reach 0.34 in one year’s time.
Technical Analysis of Algonquin Power & Utilities Corp (AQN)
Algonquin Power & Utilities Corp (NYSE: AQN) saw its 5-day average volume 5.49 million, a negative change from its year-to-date volume of 5.61 million. As of the previous 9 days, the stock’s Stochastic %D was 9.50%. 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 1.22%, which indicates a significant decrease from 4.08% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 21.68% in the past 14 days, which was lower than the 33.04% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $5.24, while its 200-day Moving Average is $5.84. Nevertheless, the first resistance level for the watch stands at $4.78 in the near term. At $4.83, the stock is likely to face the second major resistance level. The third major resistance level sits at $4.86. If the price goes on to break the first support level at $4.71, it is likely to go to the next support level at $4.68. The third support level lies at $4.64 if the price breaches the second support level.
Algonquin Power & Utilities Corp (NYSE: AQN) Key Stats
The company with the Market Capitalisation of 4.99 billion has total of 767,150K Shares Outstanding. Its annual sales at the moment are 2,698 M in contrast with the sum of 28,670 K annual income. Company’s last quarter sales were recorded 598,630 K and last quarter income was 200,770 K.
