Atlantica Sustainable Infrastructure Plc (NASDAQ: AY) is 2.74% higher on its value in year-to-date trading and has touched a low of $16.82 and a high of $23.47 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The AY stock was last observed hovering at around $22.08 in the last trading session, with the day’s gains setting it 0.01%.
Currently trading at $22.09, the stock is 0.40% and 0.54% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.91 million and changing 0.05% at the moment leaves the stock 5.96% off its SMA200. AY registered 15.05% gain for a year compared to 6-month gain of 1.99%. The firm has a 50-day simple moving average (SMA 50) of $21.9742 and a 200-day simple moving average (SMA200) of $20.83535.
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The stock witnessed a 0.55% loss in the last 1 month and extending the period to 3 months gives it a -0.09%, and is 0.32% 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 0.23% over the week and 0.20% over the month.
Atlantica Sustainable Infrastructure Plc (AY) has around 1366 employees, a market worth around $2.57B and $1.12B in sales. Current P/E ratio is 66.34 and Fwd P/E is 35.15. Profit margin for the company is 3.59%. Distance from 52-week low is 31.33% and -5.88% from its 52-week high. The company has generated returns on investments over the last 12 months (0.63%).
The EPS is expected to grow by 6.95% this year
The shares outstanding are 116.16M, and float is at 67.05M with Short Float at 1.47%.
The top institutional shareholder in the company is LAZARD ASSET MANAGEMENT LLC with over 9.65 million shares valued at $211.73 million. The investor’s holdings represent 8.3042 of the AY Shares outstanding. As of 2024-06-30, the second largest holder is MORGAN STANLEY with 4.68 million shares valued at $102.62 million to account for 4.0247 of the shares outstanding. The other top investors are AMUNDI which holds 3.04 million shares representing 2.6131 and valued at over $66.7 million, while INVESCO LTD. holds 2.2625 of the shares totaling 2.63 million with a market value of $57.69 million.
