Views On The AES Corporation (AES) From A Technical Perspective

The stock of The AES Corporation (NYSE:AES) decreased by -$0.44 on Monday to finish at $19.02, down -2.26 percent. The last five days have seen an average of 4,965,220 shares of common stock traded. 1 time new highs were reached in the current year, with a fall of -$9.74. The average number of shares traded over the last 20 days was 5,011,195, while the average volume over the last 50 days totaled 5,922,722.

AES stock dropped -11.94% since last month. On 08/14/23, the company’s shares reached a one-month low of $18.82. The stock touched a high of $29.89 on 01/03/23, after rallying from a low of $19.19 in 52 weeks. The price of AES stock has declined by -33.87% or -$9.74 this year, reaching a new high 1 time. Still, the stock price is down -36.37% from the 52-week high.

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Insider Transactions

AES stock investors should be aware that The AES Corporation (AES) stock had its last reported insider trading activity 5 days ago on Aug 10. On Aug 10, Director Laulis Julia M. acquired 1,500 shares at $19.51 each. This transaction resulted in the insider spending $29,265. On Aug 08, Shaughnessy Maura added 24,000 shares at a price of US$19.45. After the transaction, the insider now owns 24,500 shares. Director Shaughnessy Maura had earlier bought 12,500 shares on Aug 08 for $19.49 a share. The transaction was completed for $243,625.

Valuation Metrics

Beta for the stock is 0.96. There are also a few other valuation ratios worth considering, including the trailing price-to-sales (P/S) ratio of 0.99, the price-to-book (PB) ratio of 7.70.

Company paid $0.1659 per share in dividends, remained unchanged from $0.1659 last year. A $0.0079 dividend increase was reported on Friday December 2 2022.

Financial Health

For the three months ended June 29, The AES Corporation’s quick ratio was 0.80, while its current ratio was 0.90, indicating its inability to pay off its debt. The company’s long-term debt to equity ratio for the quarter ending June 29 is 14.27, and the total debt to equity ratio is 16.05. As far as profitability goes, gross margin for the trailing twelve months is 19.70% percent. The AES Corporation’s EBITDA margin for the year ended June 29 was 26.90%, whereas its operating margin stood at 8.00% for the same period. Based on annual data, it had gross profit of $6.0 million and revenue of $12.62 billion.

Investors will also look at the performance of the company’s management in order to determine the potential profitability of their investment. AES’s return on assets (ROA) during the last 12 months has been -0.90%. There was a 2.20% return on investment (ROI) in the past year. In the meantime, the return on equity (ROE) for the last 12 months was -20.10%.

Earnings Surprise

According to The AES Corporation’s quarterly financial report for the quarter that ended June 29, it had $18.62 billion in total debt versus $713.0 million in cash and short-term investments. A lower net income was reported in the quarter under review than the previous quarter. Net income for the quarter came in at $3.03 billion, while revenues fell by -1.68% to $3.24 billion. It was predicted that The AES Corporation’s quarterly earnings would be $0.21, but it ended up being $0.24, beating the consensus by -12.50%. EBITDA was $281.0 million for the quarter. At the end of The AES Corporation’s most recent quarter ended June 29, its liabilities totaled 36.75 billion, while its total debt was $26.54 billion. Equity owned by shareholders amounts to $669.63 million.

Technical Picture

Here’s a quick look at The AES Corporation’s (AES) price momentum from a technical perspective. As of 14 August, the RSI 9-day stood at 20.06%, suggesting the stock is oversold, with a 24.15% historical volatility rate.

The stochastic %K and %D were 9.25% and 10.99% respectively, while the average true range (ATR) was 0.56. Based on the 14-day stochastic reading of 6.12%, the RSI (14) reading is 28.59%. On the 9-day MACD Oscillator, the stock is at -0.45, and the 14-day reading is at -1.06.

Analyst Ratings

The AES Corporation (NYSE: AES) was downgraded by BofA Securities to a a Neutral rating in its latest research report. The stock was previously rated as a a Buy. Analysts have assigned The AES Corporation (AES) an Overweight rating. AES is a stock that is recommended for selling by 0 brokerage firms, while 3 companies recommend holding. The stock is underweighted by 0 analysts. Among the analysts who rate the stock, 0 rates it overweight and 8 others recommend it as a buy.

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

The current consensus forecast for the stock is between $23.00 and $32.00, with a median target price of $29.00. In analyzing these forecasts, the average price target given by analysts for The AES Corporation (AES) is $28.38.

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