Transalta Corp. (NYSE:TAC) shares, rose in value, with the stock price down by -2.93% to the previous day’s close as strong demand from buyers drove the stock to $6.63.
Actively observing the price movement in the last trading, the stock closed the session at $6.83. The PE ratio was 3.60 over 12-month period. Referring to stock’s 52-week performance, its high was $10.40, and the low was $5.94. On the whole, TAC has fluctuated by 2.79% over the past month.
The company’s Forward Dividend Ratio is 0.17, with its dividend yield at 2.50%.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 1.97B, with a low estimate of 380.08M and a high estimate of 380.08M. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 380.08M.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that TAC’s technical picture suggests that short-term indicators denote the stock is a 50% Sell 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 100% Sell.
The stock’s technical analysis shows that the PEG ratio is about 0.29, with the price of TAC currently trading nearly 4.40% and 0.80% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 56.51, while the 7-day volatility ratio is showing 3.40% which for the 30-day chart, stands at 2.76%. Furthermore, Transalta Corp. (TAC)’s beta value is 0.82, and its average true range (ATR) is 0.19.
A comparison of Transalta Corp. (TAC) with its peers suggests the former has fared considerably weaker in the market. TAC showed an intraday change of -2.93% in last session, and over the past year, it shrunk by -23.79%%.
Data on historical trading for Transalta Corp. (NYSE:TAC) indicates that the trading volumes over the past 3 months, they’ve averaged 809.39K. According to company’s latest data on outstanding shares, there are 306.90 million shares outstanding.
Nearly 4.16% of Transalta Corp.’s shares belong to company insiders and institutional investors own 59.16% of the company’s shares. The stock has fallen by -20.22% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the TAC stock heading into the next quarter.
