A new trading day began on Monday, with AES Corp (NYSE: AES) stock price up 6.74% from the previous day of trading, before settling in for the closing price of $11.12. AES’s price has ranged from $9.57 to $22.21 over the past 52 weeks.
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A company in the Utilities sector has jumped its sales by 4.14% annually for the last half of the decade. Meanwhile, its annual earnings per share averaged 0.82%. With a float of $708.35 million, this company’s outstanding shares have now reached $711.91 million.
In an organization with 9100 employees, it is important to assess its efficiency. In terms of profitability, gross margin is 17.62%, operating margin of 15.19%, and the pretax margin is 4.91%.
AES Corp (AES) Insider and Institutional Ownership
As we move forward, let’s examine how large-scale investors are investing in this stock of the Utilities – Diversified Industry. The insider ownership of AES Corp is 0.50%, while institutional ownership is 92.08%. The most recent insider transaction that took place on Jun 06 ’24, was worth 305,250. In this transaction SVP & Chief Accounting Officer of this company sold 15,000 shares at a rate of $20.35, taking the stock ownership to the 43,334 shares. Before that another transaction happened on May 20 ’24, when Company’s EVP and President, Renewables sold 66,250 for $21.15, making the entire transaction worth $1,401,188. This insider now owns 300,672 shares in total.
AES Corp (AES) Latest Financial update
According to the Wall Street analysts, stocks earnings will be around 0.82% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 3.01% during the next five years compared to 39.18% growth over the previous five years of trading.
AES Corp (NYSE: AES) Trading Performance Indicators
Here are AES Corp’s current performance indicators. According to the last quarter’s results, the 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 0.70.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 1.83, a number that is poised to hit 0.47 in the next quarter and is forecasted to reach 2.24 in one year’s time.
Technical Analysis of AES Corp (AES)
Let’s dig in a bit further. During the last 5-days, its volume was 15.21 million. That was better than the volume of 15.18 million it reported in year-ago period. As of the previous 9 days, the stock’s Stochastic %D was 92.56%. Additionally, its Average True Range was 0.48.
During the past 100 days, AES Corp’s (AES) raw stochastic average was set at 59.43%, which indicates a significant decrease from 98.50% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 38.17% in the past 14 days, which was lower than the 48.49% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $11.25, while its 200-day Moving Average is $13.95. However, in the short run, AES Corp’s stock first resistance to watch stands at $12.06. Second resistance stands at $12.24. The third major resistance level sits at $12.59. If the price goes on to break the first support level at $11.53, it is likely to go to the next support level at $11.18. The third support level lies at $11.00 if the price breaches the second support level.
AES Corp (NYSE: AES) Key Stats
With a market capitalization of 8.45 billion, the company has a total of 711,923K Shares Outstanding. Currently, annual sales are 12,278 M while annual income is 1,679 M. The company’s previous quarter sales were 2,926 M while its latest quarter income was 46,000 K.
