TransAlta Corporation (NYSE: TAC) is -15.65% lower on its value in year-to-date trading and has touched a low of $7.55 and a high of $12.13 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The TAC stock was last observed hovering at around $9.45 in the last trading session, with the day’s loss setting it -0.07%.
Currently trading at $9.38, the stock is 3.41% and 5.47% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.26 million and changing -0.74% at the moment leaves the stock -7.95% off its SMA200. TAC registered -10.84% loss for a year compared to 6-month loss of -15.87%.
The stock witnessed a 7.08% gain in the last 1 month and extending the period to 3 months gives it a -7.31%, and is 0.00% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 2.17% over the week and 2.76% over the month.
TransAlta Corporation (TAC) has around 1282 employees, a market worth around $2.53B and $2.05B in sales. Current P/E ratio is 38.13 and Fwd P/E is 19.03. Profit margin for the company is 3.30%. Distance from 52-week low is 24.24% and -22.67% from its 52-week high. The company has generated returns on investments over the last 12 months (-6.10%).
TransAlta Corporation (TAC) Analyst Forecasts
The EPS is expected to shrink by -74.00% this year
TransAlta Corporation (TAC) Top Institutional Holders
The shares outstanding are 271.00M, and float is at 270.23M with Short Float at 0.71%.
TransAlta Corporation (TAC) Insider Activity
A total of 44 insider transactions have happened at TransAlta Corporation (TAC) in the last six months, with sales accounting for 3 and purchases happening 41 times.
TransAlta Corporation (TAC): Who are the competitors?
The company’s main competitors (and peers) include Suncor Energy Inc. (SU) that is 37.30% higher over the past 12 months. Enbridge Inc. (ENB) is 4.12% up on the 1-year trading charts.