Transalta Corp (NYSE: TAC) is -18.45% lower on its value in year-to-date trading and has touched a low of $5.94 and a high of $14.64 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 $10.92 in the last trading session, with the day’s gains setting it 0.62%.
Currently trading at $11.54, the stock is -12.12% and -9.49% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.22 million and changing 5.68% at the moment leaves the stock 22.77% off its SMA200. TAC registered 54.69% gain for a year compared to 6-month gain of 56.79%. The firm has a 50-day simple moving average (SMA 50) of $12.7272 and a 200-day simple moving average (SMA200) of $9.37235.
The stock witnessed a -18.96% loss in the last 1 month and extending the period to 3 months gives it a 13.03%, and is -14.01% 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 8.67% over the week and 5.11% over the month.
Transalta Corp (TAC) has around 1257 employees, a market worth around $3.44B and $2.05B in sales. Current P/E ratio is 30.36 and Fwd P/E is 40.97. Profit margin for the company is 5.72%. Distance from 52-week low is 94.28% and -21.17% from its 52-week high. The company has generated returns on investments over the last 12 months (3.38%).
The EPS is expected to shrink by -67.14% this year, but quarterly earnings will post -15.96% year-over-year.
240.0 institutions hold shares in Transalta Corp (TAC), with institutional investors hold 66.56% of the company’s shares. The shares outstanding are 298.50M, and float is at 296.19M with Short Float at 2.60%. Institutions hold 66.42% of the Float.
The top institutional shareholder in the company is ROYAL BANK OF CANADA with over 47.92 million shares valued at $339.28 million. The investor’s holdings represent 15.5585 of the TAC Shares outstanding. As of 2024-06-30, the second largest holder is BROOKFIELD CORP /ON/ with 35.51 million shares valued at $251.88 million to account for 11.5293 of the shares outstanding. The other top investors are VANGUARD GROUP INC which holds 10.25 million shares representing 3.327 and valued at over $72.55 million, while BANK OF MONTREAL /CAN/ holds 2.8778 of the shares totaling 8.86 million with a market value of $62.01 million.
