Transalta Corp (NYSE: TAC) is -27.28% lower on its value in year-to-date trading and has touched a low of $6.78 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 $10.13 in the last trading session, with the day’s gains setting it 0.16%.
Currently trading at $10.29, the stock is 10.18% and 13.41% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.7 million and changing 1.58% at the moment leaves the stock -1.42% off its SMA200. TAC registered 43.31% gain for a year compared to 6-month loss of -11.22%. The firm has a 50-day simple moving average (SMA 50) of $9.0734 and a 200-day simple moving average (SMA200) of $10.438.
The stock witnessed a 13.58% gain in the last 1 month and extending the period to 3 months gives it a 9.70%, and is 5.97% 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 3.05% over the week and 2.02% over the month.
Transalta Corp (TAC) has around 1205 employees, a market worth around $3.05B and $1.91B in sales. Fwd P/E is 78.48. Profit margin for the company is 0.01%. Distance from 52-week low is 51.77% and -29.71% from its 52-week high. The company has generated returns on investments over the last 12 months (0.00%).
The EPS is expected to shrink by -17.84% this year
252.0 institutions hold shares in Transalta Corp (TAC), with institutional investors hold 81.38% of the company’s shares. The shares outstanding are 296.60M, and float is at 294.61M with Short Float at 3.72%. Institutions hold 81.16% of the Float.
The top institutional shareholder in the company is ROYAL BANK OF CANADA with over 47.92 million shares valued at $$339.28 million. The investor’s holdings represent 15.8153 of the TAC Shares outstanding. As of 2024-06-30, the second largest holder is BROOKFIELD CORP /ON/ with 35.51 million shares valued at $$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 3.3819 and valued at over $$72.55 million, while BANK OF MONTREAL /CAN/ holds 2.9253 of the shares totaling 8.86 million with a market value of $$62.01 million.
