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AES Corp. (AES) Stock Could Soon Reward Patient Investors

AES Corp. (NYSE: AES) is -8.16% lower on its value in year-to-date trading and has touched a low of $11.43 and a high of $22.60 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 AES stock was last observed hovering at around $17.85 in the last trading session, with the day’s loss setting it -0.17%.

Currently trading at $17.68, the stock is -5.88% and -9.35% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 4.18 million and changing -0.95% at the moment leaves the stock 2.27% off its SMA200. AES registered -16.17% loss for a year compared to 6-month gain of -5.96%.

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The stock witnessed a -13.16% loss in the last 1 month and extending the period to 3 months gives it a -3.39%, and is 1.38% up 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 2.32% over the week and 3.26% over the month.

AES Corp. (AES) has around 9600 employees, a market worth around $12.56B and $12.52B in sales. Current P/E ratio is 24.48 and Fwd P/E is 8.48. Profit margin for the company is 4.18%. Distance from 52-week low is 54.68% and -21.77% from its 52-week high. The company has generated returns on investments over the last 12 months (1.76%).

The EPS is expected to grow by 8.63% this year.

AES Corp. (AES) Top Institutional Holders

The shares outstanding are 710.67M, and float is at 709.44M with Short Float at 2.83%.

AES Corp. (AES) Insider Activity

The most recent transaction is an insider sale by Kohan Sherry,the company’sSVP & Chief Accounting Officer. SEC filings show that Kohan Sherry sold 15,000 shares of the company’s common stock on Jun 06 ’24 at a price of $20.35 per share for a total of $0.31 million. Following the sale, the insider now owns 43334.0 shares.

AES Corp. disclosed in a document filed with the SEC on May 20 ’24 that Mendoza Tish (EVP & Chief HR Officer) sold a total of 66,250 shares of the company’s common stock. The trade occurred on May 20 ’24 and was made at $21.21 per share for $1.41 million. Following the transaction, the insider now directly holds 0.2 million shares of the AES stock.

Still, SEC filings show that on May 20 ’24, Da Santos Bernerd (EVP and President, Renewables) disposed off 66,250 shares at an average price of $21.15 for $1.4 million. The insider now directly holds 300,672 shares of AES Corp. (AES).

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