Algonquin Power & Utilities Corp. (NYSE:AQN) finished Thursday with a subtraction of -$0.02 to close at $6.57, a downside of -0.30 percent. An average of 5,473,780 shares of common stock have been traded in the last five days. There was a fall of -$0.16 in the past week, and it reached a new high 21 times over the past 12 months. The last 20 days have seen an average of 7,819,795 shares traded, while the 50-day average volume stands at 6,755,788.
AQN stock has decreased by -10.00% in the last month. The company shares reached their 1-month lowest point of $6.41 on 12/29/22. With the stock rallying to its 52-week high on 04/08/22, shares of the company touched a low of $6.46 and a high of $16.01 in 52 weeks. It has reached a new high 20 times so far this year and lost -54.53% or -$7.88 in price. In spite of this, the price is down -58.96% from the 52-week high.
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Algonquin Power & Utilities Corp. (AQN) has a trailing price-to-earnings (P/E) ratio of 98.06. The stock’s beta is 0.26. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 1.64, the price-to-book (PB) ratio at 0.63.
The company has a payout ratio of 954.40%. The company’s most recent quarterly dividend payment was $0.1810 a share, representing a up of 0.11% from $0.1808 last year. Its latest increase dividend $0.0002 reported on Friday November 11 2022.
The quick ratio of Algonquin Power & Utilities Corp. for the three months ended June 29 was 0.60, and the current ratio was 0.70, indicating that the company is not able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 1.40 and a total debt to equity ratio of 1.49 for the quarter ending June 29. Its gross profit as reported stood at $419.25 million compared to revenue of $2.29 billion.
For investors, determining the potential profitability of the investment also depends on the performance of the company’s management. In the past 12 months, Algonquin Power & Utilities Corp.’s return on assets was 0.20%.
For the three-month period that ended June 29, Algonquin Power & Utilities Corp. had $3.71 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 $530.88 million in the quarter, while revenues were grew 100.0%. The analyst consensus anticipated Algonquin Power & Utilities Corp.’s latest quarter earnings to come in at $0.15 per share, but it turned out to be $0.16, a 6.70% surprise. For the quarter, EBITDA amounted to $244.03 million.
From a technical analysis perspective, let’s take a brief look at Algonquin Power & Utilities Corp. (AQN) price momentum. RSI 9-day as of the close on 29 December was 30.02%, suggesting the stock is Neutral, with historical volatility in this time frame at 39.89%.
As of today, AQN’s price is $6.61 -2.38% or -$0.16 from its 5-day moving average. AQN is currently trading -12.98% lower than its 20-day SMA and -54.02% lower than its 100-day SMA. However, the stock’s current price level is -38.94% below the SMA50 and -55.58% below the SMA200.
The stochastic %K and %D were 11.94% and 16.64%, respectively, and the average true range (ATR) was 0.27. With the 14-day stochastic at 14.54% and the average true range at 0.29, the RSI (14) stands at 29.60%. The stock has reached -0.10 on the 9-day MACD Oscillator while the 14-day reading was at -0.30.
TD Securities downgraded Algonquin Power & Utilities Corp. (NYSE: AQN) to a a Hold rating in its most recent analyst report. Previously, the stock was rated as a Buy. The consensus rating for Algonquin Power & Utilities Corp. (AQN) among analysts is Hold. According to current brokerage recommendations, 1 brokerage firm advise that investors sell AQN, while 8 suggest investors hold. There are 1 analyst who rate the stock as underweight. The stock is rated overweight by 1 analysts, while 1 others rate it as a “buy”.
What is AQN’s price target for the next 12 months?
Analysts predict a range of price targets between $7.00 and $12.00, with a median target of $9.50. Taking a look at these predictions, the average price target given by analysts for Algonquin Power & Utilities Corp. (AQN) stock is $9.30.