Algonquin Power & Utilities Corp (NYSE: AQN) is -1.12% lower on its value in year-to-date trading and has touched a low of $4.19 and a high of $6.79 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 $4.47 in the last trading session, with the day’s loss setting it -0.07%.
Currently trading at $4.40, the stock is -0.74% and -4.35% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 8.35 million and changing -1.57% at the moment leaves the stock -19.68% off its SMA200. AQN registered -26.17% loss for a year compared to 6-month loss of -27.75%. The firm has a 50-day simple moving average (SMA 50) of $4.6 and a 200-day simple moving average (SMA200) of $5.478.
The stock witnessed a 1.85% gain in the last 1 month and extending the period to 3 months gives it a -15.06%, and is 1.15% 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 3.34% over the week and 2.73% over the month.
Algonquin Power & Utilities Corp (AQN) has around 3500 employees, a market worth around $3.48B and $2.56B in sales. Fwd P/E is 14.40. Profit margin for the company is -39.77%. Distance from 52-week low is 5.01% and -35.20% from its 52-week high. The company has generated returns on investments over the last 12 months (-8.44%).
with sales reaching $644.73M over the same period.The EPS is expected to shrink by -26.39% this year, but quarterly earnings will post -4.12% year-over-year. Quarterly sales are estimated to shrink -3.32% in year-over-year returns.
354.0 institutions hold shares in Algonquin Power & Utilities Corp (AQN), with institutional investors hold 62.88% of the company’s shares. The shares outstanding are 767.15M, and float is at 766.41M with Short Float at 2.42%. Institutions hold 62.83% of the Float.
The top institutional shareholder in the company is STARBOARD VALUE LP with over 62.14 million shares valued at $364.15 million. The investor’s holdings represent 9.0116 of the AQN Shares outstanding. As of 2024-06-30, the second largest holder is ROYAL BANK OF CANADA with 28.91 million shares valued at $169.43 million to account for 4.1929 of the shares outstanding. The other top investors are VANGUARD GROUP INC which holds 27.04 million shares representing 3.922 and valued at over $158.48 million, while GOLDMAN SACHS GROUP INC holds 3.0195 of the shares totaling 20.82 million with a market value of $122.01 million.
