Algonquin Power & Utilities Corp (NYSE: AQN)’s stock price has soared by 3.53 in relation to previous closing price of 4.68. Nevertheless, the company has seen a gain of 0.31% in its stock price over the last five trading days. seekingalpha.com reported 2024-11-07 that Algonquin Power & Utilities Corp. (NYSE:AQN ) Q3 2024 Earnings Conference Call November 7, 2024 10:00 AM ET Company Participants Brian Chin – Vice President-Investor Relations Chris Huskilson – Chief Executive Officer Darren Myers – Chief Financial Officer Conference Call Participants Rupert Merer – National Bank Mark Jarvi – CIBC Sean Steuart – TD Cowen Rob Hope – Scotiabank Operator Hello, and welcome to the Algonquin Power & Utilities Corp. Third Quarter 2024 Earnings Conference Call. All lines have been placed on mute to prevent any background noise.
Is It Worth Investing in Algonquin Power & Utilities Corp (NYSE: AQN) Right Now?
The 36-month beta value for AQN is also noteworthy at 0.73. There are mixed opinions on the stock, with 0 analysts rating it as a “buy,” 1 rating it as “overweight,” 9 rating it as “hold,” and 0 rating it as “sell.”
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The public float for AQN is 766.46M, and at present, short sellers hold a 2.21% of that float. The average trading volume of AQN on December 09, 2024 was 5.41M shares.
AQN’s Market Performance
AQN’s stock has seen a 0.31% increase for the week, with a 0.73% rise in the past month and a -8.76% fall in the past quarter. The volatility ratio for the week is 2.43%, and the volatility levels for the past 30 days are at 2.61% for Algonquin Power & Utilities Corp The simple moving average for the last 20 days is 0.95% for AQN’s stock, with a simple moving average of -15.08% for the last 200 days.
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 -2.04% 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 -28.65% of loss for the given period.
Volatility was left at 2.61%, however, over the last 30 days, the volatility rate increased by 2.43%, as shares surge +1.35% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -12.03% lower at present.
During the last 5 trading sessions, AQN rose by +0.72%, which changed the moving average for the period of 200-days by -18.51% in comparison to the 20-day moving average, which settled at $4.80. In addition, Algonquin Power & Utilities Corp saw -23.34% 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:
- 0.16 for the present operating margin
- 0.76 for the gross margin
The net margin for Algonquin Power & Utilities Corp stands at -0.39. The total capital return value is set at 0.03. Equity return is now at value 7.30, with 1.99 for asset returns.
Based on Algonquin Power & Utilities Corp (AQN), the company’s capital structure generated 0.61 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 1.54. The interest coverage ratio of the stock is 1.01.
Currently, EBITDA for the company is 713.9 million with net debt to EBITDA at 9.11. When we switch over and look at the enterprise to sales, we see a ratio of 4.32. The receivables turnover for the company is 6.75for 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 0.92.
Conclusion
In summary, Algonquin Power & Utilities Corp (AQN) has had a mixed performance as of late. Analysts have mixed opinions on the stock, with some viewing it as a “buy” and others 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.
