Algonquin Power & Utilities Corp (NYSE:AQN) shares, rose in value on Friday, April 26, with the stock price down by -0.16% to the previous day’s close as strong demand from buyers drove the stock to $6.16.
Actively observing the price movement in the recent trading, the stock is buoying the session at $6.17. The PE ratio was 319.17 over 12-month period. Referring to stock’s 52-week performance, its high was $9.14, and the low was $4.90. On the whole, AQN has fluctuated by -1.44% over the past month.
The company’s Forward Dividend Ratio is 0.43, with its dividend yield at 7.05%.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 2.94B, with a low estimate of 807M and a high estimate of 807M. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 807M.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that AQN’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 Hold while long-term indicators on average have been pointing out that it is a Hold.
The stock’s technical analysis shows that the PEG ratio is about 74.23, with the price of AQN currently trading nearly 1.18% and 2.00% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 54.43, while the 7-day volatility ratio is showing 2.72% which for the 30-day chart, stands at 2.74%. Furthermore, Algonquin Power & Utilities Corp (AQN)’s beta value is 0.68, and its average true range (ATR) is 0.17.
A comparison of Algonquin Power & Utilities Corp (AQN) with its peers suggests the former has fared considerably weaker in the market. AQN showed an intraday change of -0.16% in today’s session so far, and over the past year, it shrunk by -26.23%%.
Data on historical trading for Algonquin Power & Utilities Corp (NYSE:AQN) indicates that the trading volumes over the past 3 months, they’ve averaged 4.88 million. According to company’s latest data on outstanding shares, there are 689.27 million shares outstanding.
Nearly 3.33% of Algonquin Power & Utilities Corp’s shares belong to company insiders and institutional investors own 60.62% of the company’s shares. The stock has fallen by -2.53% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the AQN stock heading into the next quarter.
