Algonquin Power & Utilities Corp (NYSE: AQN) on Monday, soared 3.40% from the previous trading day, before settling in for the closing price of $4.41. Within the past 52 weeks, AQN’s price has moved between $4.19 and $6.79.
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Annual sales at Utilities sector company grew by 14.69% over the past five years. The company achieved an average annual earnings per share of -26.34%. With a float of $766.41 million, this company’s outstanding shares have now reached $767.15 million.
Let’s look at the performance matrix of the company that is accounted for 3500 employees. In terms of profitability, gross margin is 60.86%, operating margin of 16.43%, and the pretax margin is 8.86%.
Algonquin Power & Utilities Corp (AQN) Insider and Institutional Ownership
Observing investor behavior towards Utilities – Renewable industry stocks is more important than anything else. The insider ownership of Algonquin Power & Utilities Corp is 3.01%, while institutional ownership is 58.93%.
Algonquin Power & Utilities Corp (AQN) Latest Financial update
Wall Street market experts anticipate that the next fiscal year will bring earnings of 0.1 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around -26.34% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will plunge by -12.35% 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
Algonquin Power & Utilities Corp (AQN) is currently performing well based on its current performance indicators. A quick ratio of 0.73 was reported for the most recent quarter. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 1.41.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -1.30, a number that is poised to hit 0.09 in the next quarter and is forecasted to reach 0.31 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 7.87 million, a positive change from its year-to-date volume of 7.74 million. As of the previous 9 days, the stock’s Stochastic %D was 75.18%. Additionally, its Average True Range was 0.13.
During the past 100 days, Algonquin Power & Utilities Corp’s (AQN) raw stochastic average was set at 25.69%, which indicates a significant decrease from 94.87% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 30.37% in the past 14 days, which was higher than the 24.48% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $4.58, while its 200-day Moving Average is $5.45. Nevertheless, the first resistance level for the watch stands at $4.64 in the near term. At $4.72, the stock is likely to face the second major resistance level. The third major resistance level sits at $4.85. If the price goes on to break the first support level at $4.42, it is likely to go to the next support level at $4.29. The third support level lies at $4.21 if the price breaches the second support level.
Algonquin Power & Utilities Corp (NYSE: AQN) Key Stats
Market capitalization of the company is 3.60 billion based on 767,344K outstanding shares. Right now, sales total 2,698 M and income totals 28,670 K. The company made 573,200 K in profit during its latest quarter, and -1,306 M in sales during its previous quarter.
