The AES Corporation (NYSE:AES) finished Thursday with a subtraction of -$0.98 to close at $24.05, a downside of -3.92 percent. An average of 2,744,566 shares of common stock have been traded in the last five days. There was a fall of -$1.88 in the past week, and it reached a new high 15 times over the past 12 months. The last 20 days have seen an average of 4,884,737 shares traded, while the 50-day average volume stands at 4,954,307.
AES stock has increased by 0.89% in the last month. The company shares reached their 1-month lowest point of $23.99 on 09/23/22. With the stock rallying to its 52-week high on 09/08/22, shares of the company touched a low of $18.62 and a high of $27.78 in 52 weeks. It has reached a new high 9 times so far this year and achieved 3.00% or -$0.25 in price. In spite of this, the price is down -13.44% from the 52-week high.
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114 days have passed since The AES Corporation (AES) last reported insider trading activity. MILLER JAMES H, who is Director, most recently acquired $19,280 shares at $21.68 per share on Jun 01. In this transaction, the insider spent $418,073. President and CEO, Gluski Andres, disposed of 524,511 shares at a price of $23.78 on Jan 05. The insider now owns more than $12,474,227 worth of shares.
The AES Corporation (AES) stock’s beta is 0.89. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 1.47, the price-to-book (PB) ratio at 7.75.
The quick ratio of The AES Corporation for the three months ended June 29 was 1.00, and the current ratio was 1.20, indicating that the company is able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 8.89 and a total debt to equity ratio of 9.91 for the quarter ending June 29. Its gross profit as reported stood at -$1.06 billion compared to revenue of $11.14 billion.
For the three-month period that ended June 29, The AES Corporation had $595.0 million in cash and short-term investments compared to $19.17 billion in total debt. In the quarter under review, the net income was up than the previous quarter. The company posted a net income of -$179.0 million in the quarter, while revenues were grew 115.64%. The analyst consensus anticipated The AES Corporation’s latest quarter earnings to come in at $0.31 per share, but it turned out to be $0.34, a 9.70% surprise. For the quarter, EBITDA amounted to $104.0 million. Shareholders own equity worth $667.93 million.
From a technical analysis perspective, let’s take a brief look at The AES Corporation (AES) price momentum. RSI 9-day as of the close on 22 September was 28.65%, suggesting the stock is oversold, with historical volatility in this time frame at 27.94%.
As of today, AES’s price is $25.39 -7.23% or -$1.88 from its 5-day moving average. AES is currently trading -8.47% lower than its 20-day SMA and +16.72% higher than its 100-day SMA. However, the stock’s current price level is +17.18% above the SMA50 and -3.12% below the SMA200.
The stochastic %K and %D were 3.78% and 15.59%, respectively, and the average true range (ATR) was 0.73. With the 14-day stochastic at 1.45% and the average true range at 0.71, the RSI (14) stands at 37.85%. The stock has reached -1.11 on the 9-day MACD Oscillator while the 14-day reading was at -1.54.
Credit Suisse launched coverage on The AES Corporation (NYSE: AES) in its analyst report released on April 26, 2022. The firm assigned the stock a Neutral rating. The consensus rating for The AES Corporation (AES) among analysts is Overweight. According to current brokerage recommendations, 0 brokerage firms advise that investors sell AES, while 2 suggest investors hold. There are 1 analyst who rate the stock as underweight. The stock is rated overweight by 0 analysts, while 10 others rate it as a “buy”.
What is AES’s price target for the next 12 months?
Analysts predict a range of price targets between $23.00 and $32.00, with a median target of $30.00. Taking a look at these predictions, the average price target given by analysts for The AES Corporation (AES) stock is $28.91.