AES Corp. (NYSE:AES) shares, rose in value, with the stock price down by -0.33% to the previous day’s close as strong demand from buyers drove the stock to $18.08.
Actively observing the price movement in the last trading, the stock closed the session at $18.14. The value of beta (5-year monthly) was 1.09 whereas the PE ratio was 55.21 over 12-month period. Referring to stock’s 52-week performance, its high was $25.74, and the low was $11.43. On the whole, AES has fluctuated by 11.47% over the past month.
With the market capitalization of AES Corp. currently standing at about $12.84 billion, investors are eagerly awaiting this quarter’s results, scheduled for May 02, 2024. The company’s Forward Dividend Ratio is 0.67, with its dividend yield at 3.71%. As a result, investors might want to see an improvement in the stock’s price before the company announces its earnings report. Analysts are projecting the company’s earnings per share (EPS) to be $0.3, which is expected to increase to $0.44 for fiscal year $1.9 and then to about $2.08 by fiscal year 2025. Data indicates that the EPS growth is expected to be 8.00% in 2025, while the next year’s EPS growth is forecast to be 9.50%.
Analysts have estimated the company’s revenue for the quarter at $3.15 billion, with a low estimate of $3.01 billion and a high estimate of $3.22 billion. According to the average forecast, sales growth in current quarter could jump down -2.80%, compared to the corresponding quarter of last year. Wall Street analysts also predicted that in 2025, the company’s y-o-y revenues would reach $12.96 billion, representing an increase of 2.30% from the revenues reported in the last year’s results.
Revisions could be a useful indicator to get insight on short-term price movement; so for the company, there were no upward and no downward review(s) in last seven days. We see that AES’s technical picture suggests that short-term indicators denote the stock is a Hold on average. However, medium term indicators have put the stock in the category of 50% Sell while long term indicators on average have been pointing out that it is a 50% Buy.
The stock’s technical analysis shows that the PEG ratio is about 7.36, with the price of AES currently trading nearly 10.01% and 10.39% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 68.77, while the 7-day volatility ratio is showing 2.66% which for the 30-day chart, stands at 3.07%. Furthermore, AES Corp. (AES)’s beta value is 1.08, and its average true range (ATR) is 0.55.
A comparison of AES Corp. (AES) with its peers suggests the former has fared considerably weaker in the market. AES showed an intraday change of -0.33% in last session, and over the past year, it shrunk by -24.10%%.
Data on historical trading for AES Corp. (NYSE:AES) indicates that the trading volumes over the past 10 days have averaged 12.68 million and over the past 3 months, they’ve averaged 8.64 million. According to company’s latest data on outstanding shares, there are 710.29 million shares outstanding.
Nearly 0.43% of AES Corp.’s shares belong to company insiders and institutional investors own 93.12% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 11.22 million shares as on Mar 15, 2024, resulting in a short ratio of 1.12. According to the data, the short interest in AES Corp. (AES) stood at 1.58% of shares outstanding as of Mar 15, 2024; the number of short shares registered in Feb 15, 2024 reached 15.48 million. The stock has fallen by -6.08% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the AES stock heading into the next quarter.
