Transalta Corp (NYSE: TAC): Reassessing Prospects

Transalta Corp (TAC) concluded trading on Wednesday at a closing price of $10.92, with 2.76 million shares of worth about $30.16 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 47.97% during that period and on January 29, 2025 the price saw a gain of about 2.82%. Currently the company’s common shares owned by public are about 298.50M shares, out of which, 296.19M shares are available for trading.

Stock saw a price change of -20.75% in past 5 days and over the past one month there was a price change of -23.37%. Year-to-date (YTD), TAC shares are showing a performance of -22.83% which increased to 45.02% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $5.94 but also hit the highest price of $14.64 during that period. The average intraday trading volume for Transalta Corp shares is 1.36 million. The stock is currently trading -17.70% below its 20-day simple moving average (SMA20), while that difference is down -14.20% for SMA50 and it goes to 16.51% higher than SMA200.

Transalta Corp (NYSE: TAC) currently have 298.50M outstanding shares and institutions hold larger chunk of about 58.86% of that.

The stock has a current market capitalization of $3.26B and its 3Y-monthly beta is at 0.81. PE ratio of stock for trailing 12 months is 28.73, while it has posted earnings per share of $0.38 in the same period. It has Quick Ratio of 0.67 while making debt-to-equity ratio of 2.30. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for TAC, volatility over the week remained 8.68% while standing at 4.88% over the month.

Stock’s fiscal year EPS is expected to drop by -67.14% while it is estimated to decrease by -50.33% in next year.

Stock get an Outperform rating from Credit Suisse on April 12, 2023.

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