The price-to-earnings ratio for Algonquin Power & Utilities Corp (NYSE: AQN) is above average at 338.86x, Company’s 36-month beta value is 0.72.Analysts have differing opinions on the stock, with 0 analysts rating it as a “buy,” 0 as “overweight,” 0 as “hold,” and 0 as “sell.”
The public float for AQN is 688.70M, and currently, short sellers hold a 1.71% ratio of that floaft. The average trading volume of AQN on May 06, 2024 was 5.14M shares.
AQN) stock’s latest price update
The stock of Algonquin Power & Utilities Corp (NYSE: AQN) has increased by 0.62 when compared to last closing price of 6.50. Despite this, the company has experienced a 6.86% gain in its stock price over the last five trading sessions. Zacks Investment Research reported 2024-05-03 that Algonquin Power & Utilities (AQN) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
AQN’s Market Performance
Algonquin Power & Utilities Corp (AQN) has experienced a 6.86% rise in stock performance for the past week, with a 5.48% rise in the past month, and a 9.36% rise in the past quarter. The volatility ratio for the week is 3.34%, and the volatility levels for the past 30 days are at 2.90% for AQN. The simple moving average for the last 20 days is 7.42% for AQN stock, with a simple moving average of 2.99% for the last 200 days.
Analysts’ Opinion of AQN
BMO Capital Markets, on the other hand, stated in their research note that they expect to see AQN reach a price target of $7.50, previously predicting the price at $7. The rating they have provided for AQN stocks is “Outperform” according to the report published on January 08th, 2024.
BofA Securities gave a rating of “Neutral” to AQN, setting the target price at $8.50 in the report published on April 18th of the previous year.
AQN Trading at 7.76% 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 -28.45% of loss for the given period.
Volatility was left at 2.90%, however, over the last 30 days, the volatility rate increased by 3.34%, as shares surge +5.65% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +11.79% upper at present.
During the last 5 trading sessions, AQN rose by +6.86%, which changed the moving average for the period of 200-days by -21.01% in comparison to the 20-day moving average, which settled at $6.11. In addition, Algonquin Power & Utilities Corp saw 3.48% 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:
- 0.18 for the present operating margin
- 0.59 for the gross margin
The net margin for Algonquin Power & Utilities Corp stands at 0.01. The total capital return value is set at 0.03. Equity return is now at value 0.56, with 0.16 for asset returns.
Based on Algonquin Power & Utilities Corp (AQN), the company’s capital structure generated 0.63 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 1.69. The interest coverage ratio of the stock is 1.35.
Currently, EBITDA for the company is 972.27 million with net debt to EBITDA at 8.2. When we switch over and look at the enterprise to sales, we see a ratio of 4.78. The receivables turnover for the company is 5.2for trailing twelve months and the total asset turnover is 0.15. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.63.
Conclusion
In a nutshell, Algonquin Power & Utilities Corp (AQN) has experienced a better performance in recent times. The stock has received mixed “buy” and “hold” ratings from analysts. 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.
