Transalta Corp. (NYSE:TAC) price on Friday, May 10, rose 0.83% above its previous day’s close as an upside momentum from buyers pushed the stock’s value to $7.28.
A look at the stock’s price movement, the level at last check in today’s session was $7.22. The PE ratio in trailing twelve months stood at 4.66. Turning to its 52-week performance, $10.40 and $5.94 were the 52-week high and 52-week low respectively. Overall, TAC moved 17.99% over the past month.
Transalta Corp.’s market cap currently stands at around $2.24 billion. The company has a Forward Dividend ratio of 0.17, with its dividend yield at 2.28%. As such, investors might be keen on an upside in the stock’s price ahead of the scheduled earnings report.
Analysts have a consensus estimate of 331.77M for the company’s revenue for the quarter, with a low and high estimate of 331.77M and 331.77M respectively. The average forecast suggests down to a -27.50% growth in sales growth compared to quarterly growth in the same period last fiscal year. Wall Street analysts have also projected the company’s year-on-year revenue to grow to 2.1B, representing a -14.10% decline on that reported in the last financial year.
Turning to the stock’s technical picture we see that short term indicators suggest on average that TAC is a Hold. On the other hand, the stock is on average a 50% Sell as suggested by medium term indicators while long term indicators are putting the stock in 50% Sell category.
The technical evaluation for the stock shows the PEG ratio is 0.37, with TAC’s current price about 9.41% and 10.89% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 68.31, while 7-day volatility ratio is 3.54% and 3.16% in the 30-day chart. Further, Transalta Corp. (TAC) has a beta value of 0.85, and an average true range (ATR) of 0.21.
If we refocus on Transalta Corp. (NYSE:TAC), historical trading data shows that trading volumes averaged 873.83K over the past 3 months. The company’s latest data on shares outstanding shows there are 306.90 million shares.
The 4.16% of Transalta Corp.’s shares are in the hands of company insiders while institutional holders own 58.41% of the company’s shares. Current price change has pushed the stock -12.39% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the TAC stock continues to rise going into the next quarter.
