AES Corp. (NYSE:AES) price closed lower on Tuesday, May 07, dropping -0.21% below its previous close.
A look at the daily price movement shows that the last close reads $18.88. The company’s P/E ratio in the trailing 12-month period read 26.09. Taking into account the 52-week price action we note that the stock hit a 52-week high of $23.07 and 52-week low of $11.43. The stock added 2.95% on its value in the past month.
AES Corp., which has a market valuation of $13.39 billion. The company stock has a Forward Dividend ratio of 0.68, while the dividend yield is 3.59%. It is understandable that investor optimism is growing ahead of the company’s current quarter results.
Technical indicators in stocks provide crucial insights into market trends, guiding investors with precise entry and exit points based on price movements for informed decision-making.On the technical perspective front, indicators give AES a short term outlook of 100% Buy on average. Looking at the stock’s medium term indicators we note that it is averaging as a Hold, while an average of long term indicators are currently assigning the stock as 100% Buy.
If we dive deeper into the stock’s performance we see the positive picture represented by the PEG ratio, currently standing at 3.48. The overview shows that AES’s price is at present 8.44% off the SMA20 and 12.50% from the SMA50. The Relative Strength Index (RSI) metric on the 14-day timeframe is pointing at 66.98, with weekly volatility standing at 4.19%. The indicator jumps to 3.65% when calculated based on the past 30 days. AES Corp. (NYSE:AES)’s beta value is holding at 1.07, while the average true range (ATR) indicator is currently reading 0.64.
An analysis of the AES Corp. (NYSE:AES) stock in terms of its daily trading volume indicates that the 3-month average is 9.32 million.
Current records show that the company has 710.67M in outstanding shares. The insiders’ percentage holdings are 0.44% of outstanding shares while the percentage share held by institutions stands at 87.02%. But the -2.13% 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.
