On Tuesday, Transalta Corp (NYSE: TAC) opened higher 7.58% from the last session, before settling in for the closing price of $10.29. Price fluctuations for TAC have ranged from $5.94 to $10.73 over the past 52 weeks.
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Annual sales at Utilities sector company grew by 15.00% over the past five years. Company’s average yearly earnings per share was noted -53.88% at the time writing. With a float of $296.76 million, this company’s outstanding shares have now reached $306.90 million.
Let’s look at the performance matrix of the company that is accounted for 1257 employees. In terms of profitability, gross margin is 51.64%, operating margin of 30.82%, and the pretax margin is 24.35%.
Transalta Corp (TAC) Insider Updates
A key investor’s attitude towards the stock of the Utilities – Independent Power Producers industry is another important factor to consider. The insider ownership of Transalta Corp is 0.58%, while institutional ownership is 62.54%.
Transalta Corp (TAC) Performance Highlights and Predictions
If we go through the results of last quarter, which was made public on 6/30/2024, the company posted 1.05 earnings per share (EPS) for the quarter, besting the agreed prediction (set at 0.35) by 0.7. 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 -53.88% per share during the next fiscal year.
Transalta Corp (NYSE: TAC) Trading Performance Indicators
Check out the current performance indicators for Transalta Corp (TAC). In the past quarter, the stock posted a quick ratio of 0.75. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 1.96. Likewise, its price to free cash flow for the trailing twelve months is 7.66.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 1.52, a number that is poised to hit 0.05 in the next quarter and is forecasted to reach 0.41 in one year’s time.
Technical Analysis of Transalta Corp (TAC)
Transalta Corp (NYSE: TAC) saw its 5-day average volume 1.03 million, a positive change from its year-to-date volume of 0.75 million. As of the previous 9 days, the stock’s Stochastic %D was 66.06%. Additionally, its Average True Range was 0.35.
During the past 100 days, Transalta Corp’s (TAC) raw stochastic average was set at 99.19%, which indicates a significant increase from 98.18% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 37.43% in the past 14 days, which was higher than the 32.53% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $9.90, while its 200-day Moving Average is $7.78. Nevertheless, the first resistance level for the watch stands at $11.72 in the near term. At $12.38, the stock is likely to face the second major resistance level. The third major resistance level sits at $13.65. If the price goes on to break the first support level at $9.80, it is likely to go to the next support level at $8.53. Assuming the price breaks the second support level, the third support level stands at $7.87.
Transalta Corp (NYSE: TAC) Key Stats
There are currently 298,398K shares outstanding in the company with a market cap of 4.60 billion. Presently, the company’s annual sales total 2,485 M according to its annual income of 514,860 K. Last quarter, the company’s sales amounted to 425,270 K and its income totaled 50,420 K.
