The Insider Activity Of Algonquin Power & Utilities Corp. (AQN) Should Not Be Ignored

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As of Wednesday close, Algonquin Power & Utilities Corp.’s (NYSE:AQN) stock was up $0.17, moving up 2.27 percent to $7.67. The average number of shares traded per day over the past five days has been 6,875,220 shares. 2 times new highs have been achieved over the past 5 days, with a -$0.01 fall in that time frame. In the last twenty days, the average volume was 6,826,180, while in the previous 50 days, it was 4,547,106.

Since last month, AQN stock retreated -28.92%. Shares of the company fell to $7.41 on 11/22/22, the lowest level in the past month. A 52-week high of $16.01 was reached on 04/08/22 after having rallying from a 52-week low of $7.41. Since the beginning of this year, AQN’s stock price has dropped by -46.92% or -$6.78, and marked a new high 20 times. However, the stock has declined by -52.09% since its 52-week high.


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Valuation Metrics

Right now, Algonquin Power & Utilities Corp. (AQN) has a P/E ratio of about 19.72. The stock’s beta is 0.29. Besides these, the trailing price-to-sales (P/S) ratio of 2.03, the price-to-book (PB) ratio of 0.72.

The latest dividend of $0.1810 per share was paid out, which is 0.11% more than last year’s $0.1808. On Friday November 11 2022, a $0.0002 dividend increase was announced.

Financial Health

In the three months ended June 29, Algonquin Power & Utilities Corp.’s quick ratio stood at 0.70, while its current ratio was 0.80, showing that the company is not able to pay off its debt. According to company report, the long-term debt-to-equity ratio for the quarter ending June 29 was 1.34, and the total debt-to-equity ratio was 1.37. On the profitability front, the trailing twelve-month gross margin is 72.50% percent. In the year ended June 29, operating margins totaled 18.40%. Based on annual data, AQN earned $419.25 million in gross profit and brought in $2.29 billion in revenue.

A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was 3.80%. Return on equity (ROE) for the past 12 months was 6.20%.

In Algonquin Power & Utilities Corp.’s quarter-end financial report for June 29, it reported total debt of $3.71 billion. According to the earnings report, the company had a higher net income in the recent quarter than it did in the previous quarter. AQN’s revenue rose 100.0% during the quarter, while net income inched up to $1.62 billion. While analysts expected Algonquin Power & Utilities Corp. to report $0.15 quarterly earnings, the actual figure was $0.16 per share, beating the consensus estimate by 6.70%. During the quarter, the company generated $244.03 million in EBITDA. The liabilities of Algonquin Power & Utilities Corp. were 10.91 billion at the end of its most recent quarter ended June 29, and its total debt was $7.56 billion.

Technical Picture

This quick technical analysis looks at Algonquin Power & Utilities Corp.’s (AQN) price momentum. With a historical volatility rate of 127.74%, the RSI 9-day stood at 26.40% on 23 November.

With respect to its five-day moving average, the current Algonquin Power & Utilities Corp. price is down by -0.13% percent or -$0.01. At present, AQN shares trade -28.85% below its 20-day simple moving average and -42.29% percent below its 100-day simple moving average. However, the stock is currently trading approximately -43.23% below its SMA50 and -45.76% below its SMA200.

Stochastic coefficient K was 4.31% and Stochastic coefficient D was 4.21%, while ATR was 0.46. Given the Stochastic reading of 6.34% for the 14-day period, the RSI (14) reading has been calculated as 27.57%. As of today, the MACD Oscillator reading stands at -0.26, while the 14-day reading stands at -1.42.

Analyst Ratings

Algonquin Power & Utilities Corp. downgraded its rating on Algonquin Power & Utilities Corp. (NYSE: AQN) to a Hold in a note to investors on November 14, 2022. The analysts firm previously had a Buy rating on the stock.Algonquin Power & Utilities Corp. (AQN) has been rated Hold by analysts. According to 1 brokerage firm, AQN is a sell, and 9 firms recommend it is a Hold. There are 1 analyst who say the stock is underweight. A total of 1 analyst rate Algonquin Power & Utilities Corp. stock as buy, with 1 recommending it as overweight.

With a median target price of $11.50, the current consensus forecast for the stock is $7.00 – $16.10. Based on these forecasts, analysts predict Algonquin Power & Utilities Corp. (AQN) will achieve an average price target of $11.01.

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