Assessing Whether Atlantica Sustainable Infrastructure Plc (NASDAQ: AY) Is Over- Or Undervalued

Atlantica Sustainable Infrastructure Plc (AY) concluded trading on Wednesday at a closing price of $22.15, with 4.08 million shares of worth about $90.31 million changed hands on the day. Half year performance of the stock remained negative as price took a plunge of -4.32% during that period and on November 20, 2024 the price saw a gain of about 0.09%. Currently the company’s common shares owned by public are about 116.16M shares, out of which, 67.05M shares are available for trading.

Stock saw a price change of 0.23% in past 5 days and over the past one month there was a price change of 0.82%. Year-to-date (YTD), AY shares are showing a performance of 3.02% which increased to 17.20% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $16.82 but also hit the highest price of $23.47 during that period. The average intraday trading volume for Atlantica Sustainable Infrastructure Plc shares is 968.37K. The stock is currently trading 0.38% above its 20-day simple moving average (SMA20), while that difference is up 0.66% for SMA50 and it goes to 5.50% higher than SMA200.

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Atlantica Sustainable Infrastructure Plc (NASDAQ: AY) currently have 116.16M outstanding shares and institutions hold larger chunk of about 48.75% of that.

The stock has a current market capitalization of $2.57B and its 3Y-monthly beta is at 0.99. PE ratio of stock for trailing 12 months is 75.60, while it has posted earnings per share of $0.29 in the same period. Its PEG reads 2.06 and has Quick Ratio of 1.20 while making debt-to-equity ratio of 4.28. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for AY, volatility over the week remained 0.17% while standing at 0.19% over the month.

Stock’s fiscal year EPS is expected to rise by 32.43% while it is estimated to increase by 64.53% in next year. EPS is likely to grow at an annualized rate of 36.70% for next 5-years, compared to annual growth of -2.09% made by the stock over the past 5-years.

Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by UBS on May 30, 2024 offering a Neutral rating for the stock and assigned a target price range of between $25 and $22 to it. On April 03, 2024, National Bank Financial Downgrade their recommendations, while on March 22, 2024, UBS Upgrade their ratings for the stock with a price target of $25. Stock get a Mkt perform rating from Raymond James on October 26, 2023.

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