The stock of Transalta Corp. (TAC) has seen a 2.54% increase in the past week, with a 13.01% gain in the past month, and a 49.29% flourish in the past quarter. The volatility ratio for the week is 2.21%, and the volatility levels for the past 30 days are at 2.57% for TAC. The simple moving average for the last 20 days is 1.51% for TAC stock, with a simple moving average of 37.94% for the last 200 days.
Is It Worth Investing in Transalta Corp. (NYSE: TAC) Right Now?
The price-to-earnings ratio for Transalta Corp. (NYSE: TAC) is 6.90x, which is above its average ratio. Moreover, the 36-month beta value for TAC is 0.91. Analysts have varying opinions on the stock, with 0 analysts rating it as a “buy,” 0 as “overweight,” 4 as “hold,” and 0 as “sell.”
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The public float for TAC is 296.76M and currently, short sellers hold a 1.41% of that float. On October 18, 2024, TAC’s average trading volume was 786.52K shares.
TAC) stock’s latest price update
Transalta Corp. (NYSE: TAC)’s stock price has decreased by -0.47 compared to its previous closing price of 10.56. However, the company has seen a 2.54% increase in its stock price over the last five trading sessions. globenewswire.com reported 2024-10-04 that CALGARY, Alberta, Oct. 04, 2024 (GLOBE NEWSWIRE) — TransAlta Corporation (“TransAlta”) (TSX: TA) (NYSE: TAC) will release its third quarter 2024 results before markets open on Tuesday, November 5, 2024. A conference call and webcast to discuss the results will be held for investors, analysts, members of the media and other interested parties the same day beginning at 9:00 a.m. Mountain Time (11:00 a.m. ET). The media will be invited to ask questions following analysts.
TAC Trading at 11.81% 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 -2.05% of loss for the given period.
Volatility was left at 2.57%, however, over the last 30 days, the volatility rate increased by 2.21%, as shares surge +13.01% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +29.43% upper at present.
During the last 5 trading sessions, TAC rose by +2.54%, which changed the moving average for the period of 200-days by +27.09% in comparison to the 20-day moving average, which settled at $10.35. In addition, Transalta Corp. saw 26.47% in overturn over a single year, with a tendency to cut further gains.
Stock Fundamentals for TAC
Current profitability levels for the company are sitting at:
- 0.31 for the present operating margin
- 0.52 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 37.92, with 6.81 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 0.32. The debt to equity ratio resting at 2.34. The interest coverage ratio of the stock is 3.71.
Currently, EBITDA for the company is 2.6 billion with net debt to EBITDA at 2.55. When we switch over and look at the enterprise to sales, we see a ratio of 2.56. The receivables turnover for the company is 4.81for 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 0.84.
Conclusion
To wrap up, the performance of Transalta Corp. (TAC) has been better in recent times. The stock has received a mixed of “buy” and “hold” ratings from analysts. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
