Technical Outlook And Game Plan For Algonquin Power & Utilities Corp (NYSE: AQN)

Algonquin Power & Utilities Corp (AQN) concluded trading on Wednesday at a closing price of $4.32, with 6.73 million shares of worth about $29.09 million changed hands on the day. Half year performance of the stock remained negative as price took a plunge of -24.87% during that period and on December 18, 2024 the price saw a loss of about -3.14%. Currently the company’s common shares owned by public are about 767.15M shares, out of which, 766.46M shares are available for trading.

Stock saw a price change of -5.05% in past 5 days and over the past one month there was a price change of -10.37%. Year-to-date (YTD), AQN shares are showing a performance of -31.65% which decreased to -32.50% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $4.41 but also hit the highest price of $6.79 during that period. The average intraday trading volume for Algonquin Power & Utilities Corp shares is 5.40 million. The stock is currently trading -7.86% below its 20-day simple moving average (SMA20), while that difference is down -10.52% for SMA50 and it goes to -23.65% lower than SMA200.

Algonquin Power & Utilities Corp (NYSE: AQN) currently have 767.15M outstanding shares and institutions hold larger chunk of about 59.40% of that.

The stock has a current market capitalization of $3.41B and its 3Y-monthly beta is at 0.73. It has posted earnings per share of -$1.30 in the same period. It has Quick Ratio of 0.73 while making debt-to-equity ratio of 1.54. 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 2.93% while standing at 2.67% over the month.

Stock’s fiscal year EPS is expected to drop by -26.71% while it is estimated to decrease by -22.50% in next year.

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 JP Morgan on December 12, 2024 offering a Neutral rating for the stock and assigned a target price of $7 to it. Stock get a Hold rating from Desjardins on March 11, 2024.

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