Algonquin Power & Utilities Corp. [AQN] Revenue clocked in at $3.55 billion, up 15.64% YTD: What’s Next?

Algonquin Power & Utilities Corp. [NYSE: AQN] closed the trading session at $7.54 on 03/01/23. The day’s price range saw the stock hit a low of $7.42, while the highest price level was $7.62.

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The stocks have a year to date performance of 15.64 percent and weekly performance of -2.58 percent. The stock has been moved at -46.83 percent over the last six months. The stock has performed 5.01 percent around the most recent 30 days and changed 1.21 percent over the most recent 3-months.

If compared to the average trading volume of 6.50M shares, AQN reached to a volume of 3824196 in the most recent trading day, which is why market watchdogs consider the stock to be active.

Here’s what leading stock market gurus have to say about Algonquin Power & Utilities Corp. [AQN]:

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for AQN shares is $9.39 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on AQN stock is a recommendation set at 2.80. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.

BofA Securities have made an estimate for Algonquin Power & Utilities Corp. shares, keeping their opinion on the stock as Buy, with their previous recommendation back on February 16, 2023. The new note on the price target was released on January 13, 2023, representing the official price target for Algonquin Power & Utilities Corp. stock.

The Average True Range (ATR) for Algonquin Power & Utilities Corp. is set at 0.23, with the Price to Sales ratio for AQN stock in the period of the last 12 months amounting to 1.96. The Price to Book ratio for the last quarter was 0.73, with the Price to Cash per share for the same quarter was set at 0.17.

AQN stock trade performance evaluation

Algonquin Power & Utilities Corp. [AQN] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -2.58. With this latest performance, AQN shares gained by 5.01% in over the last four-week period, additionally sinking by -46.83% over the last 6 months – not to mention a drop of -47.93% in the past year of trading.

Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for AQN stock in for the last two-week period is set at 50.61, with the RSI for the last a single of trading hit 47.15, and the three-weeks RSI is set at 50.27 for Algonquin Power & Utilities Corp. [AQN]. The present Moving Average for the last 50 days of trading for this stock 7.21, while it was recorded at 7.72 for the last single week of trading, and 10.94 for the last 200 days.

Algonquin Power & Utilities Corp. [AQN]: An insightful look at the core fundamentals

Operating Margin for any stock indicates how profitable investing would be, and Algonquin Power & Utilities Corp. [AQN] shares currently have an operating margin of +15.15 and a Gross Margin at +18.14. Algonquin Power & Utilities Corp.’s Net Margin is presently recorded at +11.89.

Return on Equity for this stock inclined to 4.73, with Return on Assets sitting at 1.75.

Algonquin Power & Utilities Corp.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.60 and a Current Ratio set at 0.70.

Earnings per share (EPS) analysis for Algonquin Power & Utilities Corp. [AQN] stock

The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for AQN. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Algonquin Power & Utilities Corp. go to 3.90%.

Algonquin Power & Utilities Corp. [AQN]: Insider Ownership positions

There are presently around $2,337 million, or 50.09% of AQN stock, in the hands of institutional investors. The top three institutional holders of AQN stocks are: BANK OF MONTREAL /CAN/ with ownership of 38,142,951, which is approximately -20.628% of the company’s market cap and around 0.07% of the total institutional ownership; TORONTO DOMINION BANK, holding 28,111,556 shares of the stock with an approximate value of $211.96 million in AQN stocks shares; and VANGUARD GROUP INC, currently with $183.46 million in AQN stock with ownership of nearly 2.204% of the company’s market capitalization.

Positions in Algonquin Power & Utilities Corp. stocks held by institutional investors increased at the end of Friday and at the time of the Friday reporting period, where 153 institutional holders increased their position in Algonquin Power & Utilities Corp. [NYSE:AQN] by around 73,962,390 shares. Additionally, 143 investors decreased positions by around 52,918,012 shares, while 28 investors held positions by with 183,026,794 shares. The mentioned changes placed institutional holdings at 309,907,196 shares, according to the latest SEC report filing. AQN stock had 64 new institutional investments in for a total of 18,377,849 shares, while 55 institutional investors sold positions of 4,731,146 shares during the same period.


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