Transalta Corp (NYSE: TAC) is 62.14% higher 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 continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The TAC stock was last observed hovering at around $11.71 in the last trading session, with the day’s gains setting it 0.24%.
Currently trading at $11.95, the stock is 8.38% and 17.24% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.42 million and changing 2.05% at the moment leaves the stock 11.78% off its SMA200. TAC registered -15.55% loss for a year compared to 6-month loss of -7.79%. The firm has a 50-day simple moving average (SMA 50) of $10.0858 and a 200-day simple moving average (SMA200) of $10.67545.
The stock witnessed a 7.75% gain in the last 1 month and extending the period to 3 months gives it a 36.42%, and is 13.06% 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 4.46% over the week and 2.96% over the month.
Transalta Corp (TAC) has around 1205 employees, a market worth around $3.54B and $1.91B in sales. Fwd P/E is 81.41. Profit margin for the company is 0.01%. Distance from 52-week low is 76.25% and -18.37% 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 -14.41% this year
248.0 institutions hold shares in Transalta Corp (TAC), with institutional investors hold 81.49% of the company’s shares. The shares outstanding are 296.60M, and float is at 294.61M with Short Float at 3.55%. Institutions hold 81.26% 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.
