The stock of Transalta Corp. (TAC) has gone down by -5.20% for the week, with a 4.68% rise in the past month and a -5.46% drop in the past quarter. The volatility ratio for the week is 2.21%, and the volatility levels for the past 30 days are 3.01% for TAC. The simple moving average for the past 20 days is -1.30% for TAC’s stock, with a -11.18% simple moving average for the past 200 days.
Is It Worth Investing in Transalta Corp. (NYSE: TAC) Right Now?
Transalta Corp. (NYSE: TAC) has a price-to-earnings ratio of 4.43x that is above its average ratio. Additionally, the 36-month beta value for TAC is 0.85. There are mixed opinions on the stock, with 0 analysts rating it as a “buy,” 0 rating it as “overweight,” 4 rating it as “hold,” and 0 rating it as “sell.”
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The public float for TAC is 302.32M and currently, short sellers hold a 1.59% ratio of that float. The average trading volume of TAC on May 24, 2024 was 873.42K shares.
TAC) stock’s latest price update
Transalta Corp. (NYSE: TAC)’s stock price has plunge by -2.12relation to previous closing price of 7.08. Nevertheless, the company has seen a -5.20% plunge in its stock price over the last five trading sessions. globenewswire.com reported 2024-05-21 that CALGARY, Alberta, May 21, 2024 (GLOBE NEWSWIRE) — TransAlta Corporation (“TransAlta” or the “Company”) (TSX: TA) (NYSE: TAC) announced today that the 200 MW Horizon Hill Wind Project (“Horizon Hill”), located in Logan County, Oklahoma, has achieved commercial operation. The facility is fully contracted to Meta Platforms Inc. (“Meta”), which is receiving both clean electricity and environmental attributes from the new facility.
TAC Trading at 4.61% from the 50-Day Moving Average
After a stumble in the market that brought TAC to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -33.37% of loss for the given period.
Volatility was left at 3.01%, however, over the last 30 days, the volatility rate increased by 2.21%, as shares surge +1.46% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +5.16% upper at present.
During the last 5 trading sessions, TAC fell by -5.20%, which changed the moving average for the period of 200-days by -31.99% in comparison to the 20-day moving average, which settled at $7.03. In addition, Transalta Corp. saw -16.61% in overturn over a single year, with a tendency to cut further losses.
Stock Fundamentals for TAC
Current profitability levels for the company are sitting at:
- 0.3 for the present operating margin
- 0.55 for the gross margin
The net margin for Transalta Corp. stands at 0.19. The total capital return value is set at 0.15. Equity return is now at value 39.33, with 6.75 for asset returns.
Based on Transalta Corp. (TAC), the company’s capital structure generated 0.7 points at debt to capital in total, while cash flow to debt ratio is standing at 0.3. The debt to equity ratio resting at 2.33. The interest coverage ratio of the stock is 3.6.
Currently, EBITDA for the company is 2.6 billion with net debt to EBITDA at 2.49. When we switch over and look at the enterprise to sales, we see a ratio of 2.06. The receivables turnover for the company is 4.66for trailing twelve months and the total asset turnover is 0.37. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.69.
Conclusion
In conclusion, Transalta Corp. (TAC) has seen bad performance in recent times. Analysts have a mixed opinion on the stock, with some rating it as a “buy” and others rating it 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.
