Transalta Corp (NYSE: TAC) is -28.06% 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 $10.74 in the last trading session, with the day’s loss setting it -0.56%.
Currently trading at $10.18, the stock is -5.82% and -18.14% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.96 million and changing -5.21% at the moment leaves the stock 4.01% off its SMA200. TAC registered 45.22% gain for a year compared to 6-month gain of 14.13%.
The stock witnessed a -4.14% loss in the last 1 month and extending the period to 3 months gives it a -5.30%, and is -9.75% 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 4.95% over the week and 3.99% over the month.
Transalta Corp (TAC) has around 1205 employees, a market worth around $3.03B and $2.08B in sales. Current P/E ratio is 23.99 and Fwd P/E is 48.28. Profit margin for the company is 6.38%. Distance from 52-week low is 71.38% and -30.46% from its 52-week high. The company has generated returns on investments over the last 12 months (3.83%).
The EPS is expected to shrink by -21.66% this year, but quarterly earnings will post -13.08% year-over-year.
The shares outstanding are 297.50M, and float is at 295.40M with Short Float at 2.83%.
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 11.7196 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.
