American Electric Power Company Inc. (NASDAQ:AEP) price closed lower on Tuesday, April 16, dropping -1.73% below its previous close.
A look at the daily price movement shows that the last close reads $80.91. The company’s P/E ratio in the trailing 12-month period read 18.72. Taking into account the 52-week price action we note that the stock hit a 52-week high of $94.73 and 52-week low of $69.38. The stock subtracted -3.17% on its value in the past month.
American Electric Power Company Inc., which has a market valuation of $41.84 billion. The company stock has a Forward Dividend ratio of 3.42, while the dividend yield is 4.30%. It is understandable that investor optimism is growing ahead of the company’s current quarter results.
Revisions to the company’s EPS highlights a short term direction of a stock’s price movement, which in the last 7 days came up with no upward and no downward reviews. On the technical perspective front, indicators give AEP a short term outlook of 50% Buy on average. Looking at the stock’s medium term indicators we note that it is averaging as a 50% Buy, while an average of long term indicators are currently assigning the stock as 50% Sell.
If we dive deeper into the stock’s performance we see the positive picture represented by the PEG ratio, currently standing at 3.27. The overview shows that AEP’s price is at present -4.85% off the SMA20 and -3.34% from the SMA50. The Relative Strength Index (RSI) metric on the 14-day timeframe is pointing at 33.92, with weekly volatility standing at 2.02%. The indicator jumps to 1.73% when calculated based on the past 30 days. American Electric Power Company Inc. (NASDAQ:AEP)’s beta value is holding at 0.52, while the average true range (ATR) indicator is currently reading 1.57.
An analysis of the American Electric Power Company Inc. (NASDAQ:AEP) stock in terms of its daily trading volume indicates that the 3-month average is 3.89 million.
Current records show that the company has 526.18M in outstanding shares. The insiders’ percentage holdings are 0.09% of outstanding shares while the percentage share held by institutions stands at 76.35%. But the -2.11% downside, the stock’s price has registered year-to-date as of last trading, will likely reignite investor interest given the prospect of it rallying even higher.
