Atlantica Sustainable Infrastructure Plc (NASDAQ: AY) has a price-to-earnings ratio that is above its average at 51.49x. The stock has a 36-month beta value of 0.92. Opinions on the stock are mixed, with 1 analysts rating it as a “buy,” 2 as “overweight,” 3 as “hold,” and 0 as “sell.”
The public float for AY is 67.05M, and at present, short sellers hold a 4.24% of that float. On May 02, 2024, the average trading volume of AY was 1.12M shares.
AY) stock’s latest price update
The stock of Atlantica Sustainable Infrastructure Plc (NASDAQ: AY) has increased by 6.90 when compared to last closing price of 19.57. Despite this, the company has experienced a 2.50% gain in its stock price over the last five trading sessions. Zacks Investment Research reported 2024-04-29 that Investors with an interest in Alternative Energy – Other stocks have likely encountered both Atlantica Sustainable Infrastructure (AY) and Bloom Energy (BE). But which of these two companies is the best option for those looking for undervalued stocks?
AY’s Market Performance
Atlantica Sustainable Infrastructure Plc (AY) has seen a 2.50% rise in stock performance for the week, with a 13.08% gain in the past month and a 9.07% surge in the past quarter. The volatility ratio for the week is 4.29%, and the volatility levels for the past 30 days are at 4.23% for AY. The simple moving average for the last 20 days is 11.45% for AY stock, with a simple moving average of 5.22% for the last 200 days.
Analysts’ Opinion of AY
UBS, on the other hand, stated in their research note that they expect to see AY reach a price target of $25, previously predicting the price at $19. The rating they have provided for AY stocks is “Buy” according to the report published on March 22nd, 2024.
Raymond James gave a rating of “Mkt Perform” to AY, setting the target price at $25 in the report published on October 26th of the previous year.
AY Trading at 14.29% from the 50-Day Moving Average
After a stumble in the market that brought AY to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -22.37% of loss for the given period.
Volatility was left at 4.23%, however, over the last 30 days, the volatility rate increased by 4.29%, as shares surge +15.90% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +9.41% upper at present.
During the last 5 trading sessions, AY rose by +2.50%, which changed the moving average for the period of 200-days by -11.84% in comparison to the 20-day moving average, which settled at $18.91. In addition, Atlantica Sustainable Infrastructure Plc saw -2.70% in overturn over a single year, with a tendency to cut further losses.
Stock Fundamentals for AY
Current profitability levels for the company are sitting at:
- 0.24 for the present operating margin
- 0.61 for the gross margin
The net margin for Atlantica Sustainable Infrastructure Plc stands at 0.04. The total capital return value is set at 0.03. Equity return is now at value 2.87, with 0.49 for asset returns.
Based on Atlantica Sustainable Infrastructure Plc (AY), the company’s capital structure generated 0.79 points at debt to capital in total, while cash flow to debt ratio is standing at 0.07. The debt to equity ratio resting at 3.8. The interest coverage ratio of the stock is 0.78.
Currently, EBITDA for the company is 667.79 million with net debt to EBITDA at 7.07. When we switch over and look at the enterprise to sales, we see a ratio of 6.79. The receivables turnover for the company is 4.02for trailing twelve months and the total asset turnover is 0.13. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.62.
Conclusion
To sum up, Atlantica Sustainable Infrastructure Plc (AY) has seen a mixed performance recently. Analysts have differing views on the stock, with some seeing it as a “buy” and others as 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.
