Transalta Corp (NYSE: TAC) is -39.79% 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 $8.83 in the last trading session, with the day’s loss setting it -0.31%.
Currently trading at $8.52, the stock is -8.28% and -14.42% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.24 million and changing -3.51% at the moment leaves the stock -15.87% off its SMA200. TAC registered 34.81% gain for a year compared to 6-month loss of -17.68%. The firm has a 50-day simple moving average (SMA 50) of $9.9558 and a 200-day simple moving average (SMA200) of $10.1276.
The stock witnessed a -11.80% gain in the last 1 month and extending the period to 3 months gives it a -35.75%, and is -7.29% 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 10.17% over the week and 4.60% over the month.
Transalta Corp (TAC) has around 1205 employees, a market worth around $2.54B and $2.08B in sales. Current P/E ratio is 20.08 and Fwd P/E is 40.31. Profit margin for the company is 6.38%. Distance from 52-week low is 43.43% and -41.80% 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 -18.13% this year, but quarterly earnings will post -10.32% year-over-year.
275.0 institutions hold shares in Transalta Corp (TAC), with institutional investors hold 73.92% of the company’s shares. The shares outstanding are 297.50M, and float is at 295.42M with Short Float at 4.33%. Institutions hold 73.72% 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 11.7196 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.
