Brookfield Renewable Corporation (NYSE:BEPC) finished Wednesday with a subtraction of -$1.59 to close at $25.68, a downside of -5.83 percent. An average of 976,000 shares of common stock have been traded in the last five days. There was a fall of -$2.01 in the past week, and it reached a new high 10 times over the past 12 months. The last 20 days have seen an average of 803,150 shares traded, while the 50-day average volume stands at 610,634.
BEPC stock has decreased by -10.43% in the last month. The company shares reached their 1-month lowest point of $25.39 on 09/07/23. With the stock rallying to its 52-week high on 05/15/23, shares of the company touched a low of $25.39 and a high of $36.16 in 52 weeks. It has reached a new high 17 times so far this year and lost -6.75% or -$1.86 in price. In spite of this, the price is down -28.98% from the 52-week high.
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Valuation Metrics
Brookfield Renewable Corporation (BEPC) has a trailing price-to-earnings (P/E) ratio of 14.23. The stock’s beta is 1.00. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 2.48, the price-to-book (PB) ratio at 1.76, and the price-to-cash flow ratio at 12.09.
The company has a payout ratio of 30.81%. The company’s most recent quarterly dividend payment was $0.3380 a share, without any change from last year. Its latest increase dividend $0.0180 reported on Friday February 3 2023.
Financial Health
The quick ratio of Brookfield Renewable Corporation for the three months ended June 29 was 0.39, and the current ratio was 0.39, indicating that the company is not able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 2.37 and a total debt to equity ratio of 2.56 for the quarter ending June 29. Brookfield Renewable Corporation’s EBITDA margin for the year ending June 29 is 64.45%, while its operating margin for the same period stands at 32.68%. Its gross profit as reported stood at $2.7 billion compared to revenue of $3.87 billion.
Earnings Surprise
For the three-month period that ended June 29, Brookfield Renewable Corporation had $615.0 million in total debt. In the quarter under review, the net income was down than the previous quarter. The company posted a net income of $1.5 billion in the quarter, while revenues were grew 37.06%. The analyst consensus anticipated Brookfield Renewable Corporation’s latest quarter earnings to come in at -$0.07 per share, but it turned out to be -$0.1, a -42.90% surprise. For the quarter, EBITDA amounted to $600.0 million.
Technical Picture
From a technical analysis perspective, let’s take a brief look at Brookfield Renewable Corporation (BEPC) price momentum. RSI 9-day as of the close on 27 September was 29.76%, suggesting the stock is oversold, with historical volatility in this time frame at 34.03%.
As of today, BEPC’s price is $26.94 -7.26% or -$2.01 from its 5-day moving average. BEPC is currently trading -12.47% lower than its 20-day SMA and -20.22% lower than its 100-day SMA. However, the stock’s current price level is -18.99% below the SMA50 and -16.89% below the SMA200.
The stochastic %K and %D were 48.27% and 61.21%, respectively, and the average true range (ATR) was 0.77. With the 14-day stochastic at 3.76% and the average true range at 0.74, the RSI (14) stands at 33.57%. The stock has reached -0.52 on the 9-day MACD Oscillator while the 14-day reading was at -0.40.
Analyst Ratings
JP Morgan upgraded Brookfield Renewable Corporation (NYSE: BEPC) to a an Overweight rating in its most recent analyst report. Previously, the stock was rated as a Neutral. The consensus rating for Brookfield Renewable Corporation (BEPC) among analysts is Buy. According to current brokerage recommendations, 0 brokerage firms advise that investors sell BEPC, while 0 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 1 analysts, while 3 others rate it as a “buy”.
What is BEPC’s price target for the next 12 months?
Analysts predict a range of price targets between $34.00 and $37.00, with a median target of $37.00. Taking a look at these predictions, the average price target given by analysts for Brookfield Renewable Corporation (BEPC) stock is $36.00.
