Algonquin Power & Utilities Corp. (NYSE: AQN) has a higher price-to-earnings ratio of 112.79x compared to its average ratio,, and the 36-month beta value for AQN is at 0.27. Analysts have varying views on the stock, with 3 analysts rating it as a “buy,” 1 rating it as “overweight,” 7 as “hold,” and 2 as “sell.”
The average price suggested by analysts for AQN is $8.58, which is $1.59 above the current market price. The public float for AQN is 673.20M, and currently, shorts hold a 3.85% of that float. The average trading volume for AQN on March 17, 2023 was 5.67M shares.
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AQN) stock’s latest price update
Algonquin Power & Utilities Corp. (NYSE: AQN)’s stock price has increased by 0.39 compared to its previous closing price of 7.64. Despite this, the company has experienced a 1.59% gain in its stock price over the last five trading sessions.
AQN’s Market Performance
Algonquin Power & Utilities Corp. (AQN) has seen a 1.59% rise in stock performance for the week, with a 3.65% gain in the past month and a 5.79% surge in the past quarter. The volatility ratio for the week is 3.28%, and the volatility levels for the past 30 days are at 3.00% for AQN. The simple moving average for the last 20 days is -0.14% for AQN stock, with a simple moving average of -27.64% for the last 200 days.
Analysts’ Opinion of AQN
Many brokerage firms have already submitted their reports for AQN stocks, with BofA Securities repeating the rating for AQN by listing it as a “Buy.” The predicted price for AQN in the upcoming period, according to BofA Securities is $9 based on the research report published on February 16th of the current year 2023.
AQN Trading at 3.55% 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 3.00%, however, over the last 30 days, the volatility rate increased by 3.28%, as shares surge +0.66% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +13.97% upper at present.
During the last 5 trading sessions, AQN rose by +1.59%, which changed the moving average for the period of 200-days by -47.14% in comparison to the 20-day moving average, which settled at $7.68. In addition, Algonquin Power & Utilities Corp. saw 17.64% in overturn over a single year, with a tendency to cut further gains.
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 0.50, with 0.20 for asset returns.
The liquidity ratio also appears to be rather interesting for investors as it stands at 0.69.
Conclusion
In conclusion, Algonquin Power & Utilities Corp. (AQN) has had a better performance lately. Opinion on the stock among analysts is mixed, with some giving it a “buy” rating and others a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
