Transalta Corp (NYSE: TAC) is -33.71% 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 $9.83 in the last trading session, with the day’s loss setting it -0.45%.
Currently trading at $9.38, the stock is -10.40% and -22.04% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.73 million and changing -4.58% at the moment leaves the stock -4.84% off its SMA200. TAC registered 37.54% gain for a year compared to 6-month gain of 8.19%.
The stock witnessed a -15.95% loss in the last 1 month and extending the period to 3 months gives it a -19.07%, and is -7.86% 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 3.90% over the week and 3.85% over the month.
Transalta Corp (TAC) has around 1205 employees, a market worth around $2.79B and $2.08B in sales. Current P/E ratio is 22.10 and Fwd P/E is 44.48. Profit margin for the company is 6.38%. Distance from 52-week low is 57.91% and -35.93% 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 295.20M with Short Float at 3.40%.
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.
