The stock of Algonquin Power & Utilities Corp (AQN) has gone down by -2.86% for the week, with a -13.49% drop in the past month and a -4.47% drop in the past quarter. The volatility ratio for the week is 3.07%, and the volatility levels for the past 30 days are 2.36% for AQN. The simple moving average for the last 20 days is -8.23% for AQN stock, with a simple moving average of -6.26% for the last 200 days.
Is It Worth Investing in Algonquin Power & Utilities Corp (NYSE: AQN) Right Now?
The 36-month beta value for AQN is at 0.71. Analysts have varying views on the stock, with 0 analysts rating it as a “buy,” 0 rating it as “overweight,” 0 as “hold,” and 0 as “sell.”
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The public float for AQN is 688.93M, and currently, shorts hold a 2.10% of that float. The average trading volume for AQN on June 17, 2024 was 5.44M shares.
AQN) stock’s latest price update
Algonquin Power & Utilities Corp (NYSE: AQN) has seen a rise in its stock price by 0.70 in relation to its previous close of 5.73. However, the company has experienced a -2.86% decline in its stock price over the last five trading sessions. prnewswire.com reported 2024-06-13 that OAKVILLE, ON, June 13, 2024 /PRNewswire/ – Algonquin Power & Utilities Corp. (TSX: AQN) (NYSE: AQN) (“AQN” or the “Company”) today announced the settlement rate for the share purchase contracts that are components of its outstanding corporate units (the “Corporate Units”) issued in June 2021. Holders of Corporate Units will receive 3.3439 common shares of AQN (“Common Shares”) for each share purchase contract they hold, which results in an effective issuance price of $14.9526 per Common Share, with cash to be paid in lieu of any fractional shares.
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 -7.88% 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 -32.44% of loss for the given period.
Volatility was left at 2.36%, however, over the last 30 days, the volatility rate increased by 3.07%, as shares sank -14.26% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -6.94% lower at present.
During the last 5 trading sessions, AQN fell by -2.86%, which changed the moving average for the period of 200-days by -23.78% in comparison to the 20-day moving average, which settled at $6.24. In addition, Algonquin Power & Utilities Corp saw -8.70% 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:
- 0.17 for the present operating margin
- 0.75 for the gross margin
The net margin for Algonquin Power & Utilities Corp stands at -0.13. The total capital return value is set at 0.03. Equity return is now at value -6.39, with -1.82 for asset returns.
Based on Algonquin Power & Utilities Corp (AQN), the company’s capital structure generated 0.65 points at debt to capital in total, while cash flow to debt ratio is standing at 0.08. The debt to equity ratio resting at 1.87. The interest coverage ratio of the stock is 1.16.
Currently, EBITDA for the company is 1.1 billion with net debt to EBITDA at 8.44. When we switch over and look at the enterprise to sales, we see a ratio of 4.89. The receivables turnover for the company is 4.97for 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 0.98.
Conclusion
In conclusion, Algonquin Power & Utilities Corp (AQN) has had a bad 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.
