Transalta Corp (NYSE: TAC) is -19.58% 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 $11.30 in the last trading session, with the day’s gains setting it 0.08%.
Currently trading at $11.38, the stock is 11.28% and 21.22% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.79 million and changing 0.71% at the moment leaves the stock 7.99% off its SMA200. TAC registered 63.74% gain for a year compared to 6-month loss of -15.01%.
The stock witnessed a 27.01% gain in the last 1 month and extending the period to 3 months gives it a 16.24%, and is 8.69% 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 2.72% over the week and 2.71% over the month.
Transalta Corp (TAC) has around 1205 employees, a market worth around $3.37B and $1.91B in sales. Fwd P/E is 81.48. Profit margin for the company is 0.01%. Distance from 52-week low is 67.85% and -22.27% 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 -16.64% this year, but quarterly earnings will post -5.47% year-over-year.
The shares outstanding are 296.60M, and float is at 294.61M with Short Float at 4.01%.
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.
