The AES Corporation (NYSE:AES) saw a downside of -0.56% to close Monday at $17.91 after subtracting -$0.1 on the day. The 5-day average trading volume is 7,253,920 shares of the company’s common stock. It has gained $18.79 in the past week and touched a new high 1 time within the past 5 days. An average of 5,641,575 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 5,531,840.
AES’s 1-month performance is -20.36% or -$4.58 on its low of $17.77 reached on 08/21/23. The company’s shares have touched a 52-week low of $17.90 and high of $29.89, with the stock’s rally to the 52-week high happening on 01/03/23. YTD, AES has lost -37.73% or -$10.85 and has reached a new high 1 time. However, the current price is down -40.08% from the 52-week high price.
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Insider Transactions
AES stock investors last saw insider trading activity on Aug 16.Gluski Andres (President and CEO) most recently sold 748,625 shares at $28.43 per share on Dec 28. This transaction cost the insider $21,283,409.
Valuation Metrics
AES stock has a beta of 0.98. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 0.93 while the price-to-book (PB) in the most recent quarter is 7.25.
The AES Corporation’s quick ratio for the period ended June 29 was 0.80, with the current ratio over the same period at 0.90. As well, the company’s long term debt to equity for the quarter ending June 29 was 14.27, while the total debt to equity was 16.05. In terms of profitability, the gross margin trailing 12 months is 19.70%. The trailing 12-month EBITDA margin is 26.90% while for the period ending June 29, The AES Corporation’s operating margin was 8.00%. The firm’s gross profit as reported stood at $6.0 million against revenue of $12.62 billion.
Earnings Surprise
For the quarterly period ending June 29 this year, Net income and sales went down compared to those figures reported in the previous quarter. Net income shrunk -358.97% to -$39.0 million, while revenue of $151.0 million was 487.18% off the previous quarter. Analysts expected AES to announce $0.22 per share in earnings in its latest quarter, but it posted $0.21, representing a -4.50% surprise. EBITDA for the quarter stood at more than $281.0 million. AES stock balance sheet for the quarter ending June 29 shows that total liabilities totaled 36.75 billion, with total debt at $26.54 billion. Shareholders hold equity totaling $669.63 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 21 August was 20.73% to suggest the stock is trending oversold, with historical volatility in this time period at 30.78%.
The stock’s 5-day moving average is $18.08, reflecting a -5.84% or -$1.11 change from its current price. AES is currently trading -17.16% above its 20-day SMA, -21.89% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by -12.25% and SMA200 by-32.00%.
Stochastic %K and %D was 3.45% and 5.10% and the average true range (ATR) pointed at 0.53. The RSI (14) points at 26.02%, while the 14-day stochastic is at 4.18% with the period’s ATR at 0.55. The stock’s 9-day MACD Oscillator is pointing at -0.69 and -1.20 on the 14-day charts.
Analyst Ratings
In the most recent analyst report for The AES Corporation (NYSE: AES), BofA Securities downgraded it to a Neutral rating. They previously had a Buy rating on the stock. Analysts offering their rating for AES stock have a consensus rating for the stock as Overweight. Currently, 0 brokerage advisors rate AES as a “sell,”, while 3 advise that investors “Hold.” 0 analysts have rated the stock as underweight. 1 rates the stock as overweight while 8 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 $23.00 and a high of $30.00, with their median price target at $29.00. Looking at these predictions, the average price target given by analysts is for The AES Corporation (AES) stock is $27.50.
