Stock on Demand This Week: The AES Corporation (AES)

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The AES Corporation (NYSE:AES) saw a downside of -1.21% to $28.47 after subtracting -$0.35 on Wednesday. The 5-day average trading volume is 1,644,988 shares of the company’s common stock. It has gained $28.99 in the past week and touched a new high 3 times within the past 5 days. An average of 3,247,022 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 3,699,677.

AES’s 1-month performance is 0.73% or $0.44 on its low of $27.83 reached on 12/22/22. The company’s shares have touched a 52-week low of $18.62 and high of $29.89, with the stock’s rally to the 52-week high happening on 12/13/22. YTD, AES has achieved 18.60% or $4.18 and has reached a new high 14 times. However, the current price is down -4.75% from the 52-week high price.


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Insider Transactions

AES stock investors last saw insider trading activity on Jun 01.MILLER JAMES H (Director) most recently sold 19,280 shares at $21.68 per share on Jun 01. This transaction cost the insider $418,073. President and CEO, Gluski Andres, sold 524,511 shares at a price of $23.78 on Jan 05.

Valuation Metrics

AES stock has a beta of 0.96. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 1.54 while the price-to-book (PB) in the most recent quarter is 7.96.

The AES Corporation’s quick ratio for the period ended September 29 was 1.10, with the current ratio over the same period at 1.30. As well, the company’s long term debt to equity for the quarter ending September 29 was 7.86, while the total debt to equity was 8.64. In terms of profitability, the gross margin trailing 12 months is 20.60%. The firm’s gross profit as reported stood at -$1.06 billion against revenue of $11.14 billion.

Earnings Surprise

For the quarterly period ending September 29 this year, The AES Corporation’s cash and short-term investments amounted to $671.0 million against total debt of $22.2 billion. Net income and sales went up compared to those figures reported in the previous quarter. Net income grew 18.53% to $421.0 million, while revenue of -$179.0 million was 142.52% off the previous quarter. Analysts expected AES to announce $0.53 per share in earnings in its latest quarter, but it posted $0.63, representing a 18.90% surprise. EBITDA for the quarter stood at more than $883.0 million. AES stock balance sheet for the quarter ending September 29 shows that total liabilities totaled 32.31 billion, with total debt at $22.2 billion. Shareholders hold equity totaling $667.95 million.

Let’s look briefly at The AES Corporation (AES) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 27 December was 49.64% to suggest the stock is trending Neutral, with historical volatility in this time period at 18.33%.

The stock’s 5-day moving average is $28.61, reflecting a +0.42% or $0.12 change from its current price. AES is currently trading +0.78% above its 20-day SMA, +17.59% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by +19.26% and SMA200 by+31.12%.

Stochastic %K and %D was 40.44% and 39.84% and the average true range (ATR) pointed at 0.62. The RSI (14) points at 52.83%, while the 14-day stochastic is at 31.72% with the period’s ATR at 0.65. The stock’s 9-day MACD Oscillator is pointing at 0.14 and 0.01 on the 14-day charts.

Analyst Ratings

In the most recent analyst report for The AES Corporation (NYSE: AES), Credit Suisse launched coverage with a Neutral rating. Analysts offering their rating for AES stock have a consensus rating for the stock as Buy. Currently, 0 brokerage advisors rate AES as a “sell,”, while 2 advise that investors “Hold.” 0 analysts have rated the stock as underweight. 0 rates the stock as overweight while 11 have offered a “buy” rating.

What is AES’s price target for the next 12 months?

Analysts have a consensus price target ranging from a low of $26.00 and a high of $33.00, with their median price target at $31.00. Looking at these predictions, the average price target given by analysts is for The AES Corporation (AES) stock is $30.64.

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