Algonquin Power & Utilities Corp (AQN) concluded trading on Wednesday at a closing price of $6.25, with 6.09 million shares of worth about $38.08 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 21.36% during that period and on May 01, 2024 the price saw a gain of about 2.29%. Currently the company’s common shares owned by public are about 689.27M shares, out of which, 688.70M shares are available for trading.
Stock saw a price change of 0.97% in past 5 days and over the past one month there was a price change of 0.32%. Year-to-date (YTD), AQN shares are showing a performance of -1.11% which decreased to -26.04% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $4.90 but also hit the highest price of $9.14 during that period. The average intraday trading volume for Algonquin Power & Utilities Corp shares is 4.90 million. The stock is currently trading 2.93% above its 20-day simple moving average (SMA20), while that difference is up 3.31% for SMA50 and it goes to -1.84% lower than SMA200.
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Algonquin Power & Utilities Corp (NYSE: AQN) currently have 689.27M outstanding shares and institutions hold larger chunk of about 61.31% of that.
The stock has a current market capitalization of $4.45B and its 3Y-monthly beta is at 0.68. PE ratio of stock for trailing 12 months is 323.83, while it has posted earnings per share of $0.02 in the same period. Its PEG reads 75.31 and has Quick Ratio of 0.50 while making debt-to-equity ratio of 1.69. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for AQN, volatility over the week remained 2.50% while standing at 2.68% over the month.
Analysts are in expectations that Algonquin Power & Utilities Corp (AQN) stock would likely to be making an EPS of $0.15 in the current quarter, while forecast for next quarter EPS is $0.1 and it is $0.52 for next year. For the current quarter EPS, analysts have given the company a lowest target $0.14 which is $0.18 at the higher side of the target for the same. When we compare those targets with actual EPS, we find that company posted an EPS of $0.17 in the same quarter a year ago. Stock’s fiscal year EPS is expected to drop by -4.47% while it is estimated to increase by 3.88% in next year. EPS is likely to grow at an annualized rate of 4.30% for next 5-years, compared to annual growth of -40.16% made by the stock over the past 5-years.
Coverage by BMO Capital Markets stated Algonquin Power & Utilities Corp (AQN) stock as an Outperform in their note to investors on January 08, 2024, suggesting a price target of $7.50 for the stock. On April 18, 2023, BofA Securities Downgrade their recommendations, while on April 17, 2023, CIBC Downgrade their ratings for the stock with a price target of $10. Stock get a Buy rating from BofA Securities on February 16, 2023.
