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Here’s How Your Trade Algonquin Power & Utilities Corp. (AQN) Aggressively Right Now

Algonquin Power & Utilities Corp. (NYSE:AQN) went up by 2.27% from its latest closing price compared to the recent 1-year high of $16.01. The company’s stock price has collected -0.13% of loss in the last five trading sessions.

Is It Worth Investing in Algonquin Power & Utilities Corp. (NYSE :AQN) Right Now?

Algonquin Power & Utilities Corp. (NYSE:AQN) scored a price-to-earnings ratio above its average ratio, recording 19.72 x from its present earnings ratio. Plus, the 36-month beta value for AQN is at 0.29. Opinions of the stock are interesting as 1 analysts out of 13 who provided ratings for Algonquin Power & Utilities Corp. declared the stock was a “buy,” while 1 rated the stock as “overweight,” 9 rated it as “hold,” and 1 as “sell.”

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The average price from analysts is $11.01, which is $5.62 above the current price. AQN currently public float of 673.25M and currently shorts hold a 3.01% ratio of that float. Today, the average trading volume of AQN was 3.75M shares.

AQN’s Market Performance

AQN stocks went down by -0.13% for the week, with a monthly drop of -28.92% and a quarterly performance of -46.66%, while its annual performance rate touched -44.86%. The volatility ratio for the week stands at 3.52% while the volatility levels for the past 30 days are set at 4.30% for Algonquin Power & Utilities Corp. The simple moving average for the period of the last 20 days is -21.24% for AQN stocks with a simple moving average of -42.88% for the last 200 days.

Analysts’ Opinion of AQN

RBC Capital Mkts, on the other hand, stated in their research note that they expect to see AQN reach a price target of $12, previously predicting the price at $17. The rating they have provided for AQN stocks is “Sector Perform” according to the report published on November 14th, 2022.

AQN Trading at -28.75% from the 50-Day Moving Average

After a stumble in the market that brought AQN to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -52.09% of loss for the given period.

Volatility was left at 4.30%, however, over the last 30 days, the volatility rate increased by 3.52%, as shares sank -28.85% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -43.23% lower at present.

During the last 5 trading sessions, AQN fell by -0.13%, which changed the moving average for the period of 200-days by -45.76% in comparison to the 20-day moving average, which settled at $9.58. In addition, Algonquin Power & Utilities Corp. saw -46.92% in overturn over a single year, with a tendency to cut further losses.

Stock Fundamentals for AQN

Current profitability levels for the company are sitting at:

  • +15.15 for the present operating margin
  • +18.14 for the gross margin

The net margin for Algonquin Power & Utilities Corp. stands at +11.89. Equity return is now at value 6.20, with 1.90 for asset returns.

The liquidity ratio also appears to be rather interesting for investors as it stands at 0.69.

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