In the past week, AQN stock has gone up by 0.18%, with a monthly gain of 4.54% and a quarterly plunge of -5.63%. The volatility ratio for the week is 2.32%, and the volatility levels for the last 30 days are 2.30% for Algonquin Power & Utilities Corp. The simple moving average for the past 20 days is 2.32% for AQN’s stock, with a -7.99% simple moving average for the past 200 days.
Is It Worth Investing in Algonquin Power & Utilities Corp (NYSE: AQN) Right Now?
Algonquin Power & Utilities Corp (NYSE: AQN) has a price-to-earnings ratio of 36.72x that is above its average ratio. Additionally, the 36-month beta value for AQN is 0.72. There are mixed opinions on the stock, with 2 analysts rating it as a “buy,” 0 rating it as “overweight,” 8 rating it as “hold,” and 0 rating it as “sell.”
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The public float for AQN is 766.24M and currently, short sellers hold a 1.82% ratio of that float. The average trading volume of AQN on September 30, 2024 was 6.35M shares.
AQN) stock’s latest price update
Algonquin Power & Utilities Corp (NYSE: AQN) has experienced a rise in its stock price by 1.65 compared to its previous closing price of 5.44. However, the company has seen a gain of 0.18% in its stock price over the last five trading days. seekingalpha.com reported 2024-09-28 that Algonquin is transitioning to a pure-play regulated utility, exiting merchant power activities to reduce debt and simplify its business, creating significant shareholder value. The utility sector is currently thriving due to rising power demand, declining rates and rising regulated revenues, making it an attractive investment. Algonquin is trading at a significant discount to peers, with the potential for its equity value to double as it adds assets to its rate base.
Analysts’ Opinion of AQN
Wells Fargo, on the other hand, stated in their research note that they expect to see AQN reach a price target of $6, previously predicting the price at $8.50. The rating they have provided for AQN stocks is “Equal Weight” according to the report published on August 12th, 2024.
AQN Trading at -1.15% 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 -18.56% of loss for the given period.
Volatility was left at 2.30%, however, over the last 30 days, the volatility rate increased by 2.32%, as shares surge +3.17% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -6.43% lower at present.
During the last 5 trading sessions, AQN rose by +0.18%, which changed the moving average for the period of 200-days by -9.05% in comparison to the 20-day moving average, which settled at $5.41. In addition, Algonquin Power & Utilities Corp saw -12.50% 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
- 0.61 for the gross margin
The net margin for Algonquin Power & Utilities Corp stands at 0.05. The total capital return value is set at 0.03. Equity return is now at value 2.17, with 0.67 for asset returns.
Based on Algonquin Power & Utilities Corp (AQN), the company’s capital structure generated 0.57 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 1.34. The interest coverage ratio of the stock is 1.06.
Currently, EBITDA for the company is 1.1 billion with net debt to EBITDA at 7.82. When we switch over and look at the enterprise to sales, we see a ratio of 4.74. The receivables turnover for the company is 6.14for trailing twelve months and the total asset turnover is 0.14. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.97.
Conclusion
In conclusion, Algonquin Power & Utilities Corp (AQN) has seen mixed 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.
