Transalta Corp. (NYSE: TAC) is -20.70% lower on its value in year-to-date trading and has touched a low of $6.45 and a high of $10.40 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 $6.47 in the last trading session, with the day’s gains setting it 0.12%.
Currently trading at $6.59, the stock is -4.55% and -9.51% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.85 million and changing 1.85% at the moment leaves the stock -23.23% off its SMA200. TAC registered -18.64% loss for a year compared to 6-month loss of -31.28%. The firm has a 50-day simple moving average (SMA 50) of $1.66 and a 200-day simple moving average (SMA200) of $3.17.
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The stock witnessed a -6.26% gain in the last 1 month and extending the period to 3 months gives it a -14.53%, and is -3.80% 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 3.07% over the week and 2.82% over the month.
Transalta Corp. (TAC) has around 1257 employees, a market worth around $2.02B and $2.49B in sales. Current P/E ratio is 3.58 and Fwd P/E is 20.82. Profit margin for the company is 19.27%. Distance from 52-week low is 2.17% and -36.63% from its 52-week high. The company has generated returns on investments over the last 12 months (12.12%).
Transalta Corp. quarterly earnings per share for the current quarter are estimated at $0.09 with sales reaching $380.08M over the same period.The EPS is expected to shrink by -74.79% this year, but quarterly earnings will post -19.60% year-over-year. Quarterly sales are estimated to shrink -10.00% in year-over-year returns.
218 institutions hold shares in Transalta Corp. (TAC), with institutional investors hold 68.29% of the company’s shares. The shares outstanding are 306.90M, and float is at 294.15M with Short Float at 1.32%. Institutions hold 68.18% of the Float.
The top institutional shareholder in the company is Royal Bank of Canada with over 38.74 million shares valued at $362.62 million. The investor’s holdings represent 12.50% of the TAC Shares outstanding. As of Jun 29, 2023, the second largest holder is Brookfield Corp /ON/ with 35.47 million shares valued at $332.02 million to account for 11.45% of the shares outstanding. The other top investors are Marquard & Bahls Ag which holds 15.03 million shares representing 4.85% and valued at over $140.71 million, while Bank of Montreal/Can/ holds 3.81% of the shares totaling 11.82 million with a market value of $110.6 million.
