Atlantica Sustainable Infrastructure Plc (NASDAQ: AY) is -17.21% lower on its value in year-to-date trading and has touched a low of $16.35 and a high of $29.81 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 AY stock was last observed hovering at around $18.01 in the last trading session, with the day’s loss setting it -0.21%.
Currently trading at $17.80, the stock is -5.33% and -10.44% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.14 million and changing -1.17% at the moment leaves the stock -16.08% off its SMA200. AY registered -34.32% loss for a year compared to 6-month loss of -22.24%. The firm has a 50-day simple moving average (SMA 50) of $6.21 and a 200-day simple moving average (SMA200) of $8.71.
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The stock witnessed a -8.11% gain in the last 1 month and extending the period to 3 months gives it a -6.32%, and is -5.97% 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 2.19% over the week and 2.32% over the month.
Atlantica Sustainable Infrastructure Plc (AY) has around 978 employees, a market worth around $2.07B and $1.10B in sales. Current P/E ratio is 42.60 and Fwd P/E is 65.07. Profit margin for the company is 4.54%. Distance from 52-week low is 8.87% and -40.29% from its 52-week high. The company has generated returns on investments over the last 12 months (0.76%).
Atlantica Sustainable Infrastructure Plc quarterly earnings per share for the current quarter are estimated at -$0.23 with sales reaching $245.84M over the same period.The EPS is expected to grow by 544.91% this year, but quarterly earnings will post 1.80% year-over-year. Quarterly sales are estimated to grow 0.90% in year-over-year returns.
278 institutions hold shares in Atlantica Sustainable Infrastructure Plc (AY), with institutional investors hold 83.22% of the company’s shares. The shares outstanding are 116.06M, and float is at 66.95M with Short Float at 3.46%. Institutions hold 48.04% of the Float.
The top institutional shareholder in the company is Morgan Stanley with over 5.8 million shares valued at $136.06 million. The investor’s holdings represent 5.16% of the AY Shares outstanding. As of Jun 29, 2023, the second largest holder is Wellington Management Group, LLP with 4.85 million shares valued at $113.6 million to account for 4.31% of the shares outstanding. The other top investors are Kayne Anderson Capital Advisors, L.P. which holds 4.79 million shares representing 4.26% and valued at over $112.18 million, while Amundi holds 2.59% of the shares totaling 2.91 million with a market value of $68.23 million.
Atlantica Sustainable Infrastructure Plc (AY): Who are the competitors?
One of the company’s main competitors (and peers) include Companhia Paranaense de Energia-COPEL ADR (ELP) that is trading 54.00% up over the past 12 months.Empresa Distribuidora y Comercializadora Norte S.A. Cl B ADR (EDN) lies in the list of competitors of the Atlantica Sustainable Infrastructure Plc and is 87.04% higher over the same period from AYCompanhia Energetica de Minas Gerais-Cemig ADR (CIG) is 19.29% up on the 1-year trading charts.
