Algonquin Power & Utilities Corp (NYSE: AQN) is -17.72% lower on its value in year-to-date trading and has touched a low of $4.90 and a high of $7.67 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 AQN stock was last observed hovering at around $5.12 in the last trading session, with the day’s gains setting it 0.08%.
Currently trading at $5.20, the stock is -12.26% and -12.77% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 14.16 million and changing 1.56% at the moment leaves the stock -14.43% off its SMA200. AQN registered -27.27% loss for a year compared to 6-month gain of -11.41%.
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The stock witnessed a -15.86% loss in the last 1 month and extending the period to 3 months gives it a -22.04%, and is -15.99% 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 5.38% over the week and 3.30% over the month.
Algonquin Power & Utilities Corp (AQN) has around 3500 employees, a market worth around $4.11B and $2.62B in sales. Current P/E ratio is 34.53 and Fwd P/E is 13.16. Profit margin for the company is 4.36%. Distance from 52-week low is 6.12% and -32.20% from its 52-week high. The company has generated returns on investments over the last 12 months (0.80%).
Algonquin Power & Utilities Corp quarterly earnings per share for the current quarter are estimated at 0.09 with sales reaching $573M over the same period.The EPS is expected to shrink by -8.07% this year, but quarterly earnings will post 4.20% year-over-year. Quarterly sales are estimated to shrink -8.30% in year-over-year returns.
394.0 institutions hold shares in Algonquin Power & Utilities Corp (AQN), with institutional investors hold 62.02% of the company’s shares. The shares outstanding are 789.99M, and float is at 766.24M with Short Float at 1.43%. Institutions hold 61.99% of the Float.
The top institutional shareholder in the company is STARBOARD VALUE LP with over 62.14 million shares valued at $$392.73 million. The investor’s holdings represent 9.0224 of the AQN Shares outstanding. As of 2024-03-31, the second largest holder is VANGUARD GROUP INC with 26.25 million shares valued at $$165.89 million to account for 3.8112 of the shares outstanding. The other top investors are FIL LTD which holds 22.18 million shares representing 3.2202 and valued at over $$140.16 million, while BANK OF MONTREAL /CAN/ holds 2.8903 of the shares totaling 19.91 million with a market value of $$124.68 million.
