Algonquin Power & Utilities Corp [NYSE: AQN] stock went on a downward path that fall over -1.12% on Wednesday, amounting to a one-week price increase of more than 0.19%.
Over the last 12 months, AQN stock dropped by -28.51%. The one-year Algonquin Power & Utilities Corp stock forecast points to a potential upside of 14.54. The average equity rating for AQN stock is currently 2.56, trading closer to a bullish pattern in the stock market.
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The market cap for the stock reached $4.18 billion, with 789.99 million shares outstanding and 766.24 million shares in the current float. Compared to the average trading volume of 6.83M shares, AQN stock reached a trading volume of 3183836 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Guru’s Opinion on 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 $6.19 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 2.56. 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.
Wells Fargo have made an estimate for Algonquin Power & Utilities Corp shares, keeping their opinion on the stock as Equal Weight, with their previous recommendation back on August 12, 2024. The new note on the price target was released on August 12, 2024, representing the official price target for Algonquin Power & Utilities Corp stock. On January 08, 2024, analysts increased their price target for AQN shares from 7 to 7.50.
The Average True Range (ATR) for Algonquin Power & Utilities Corp is set at 0.18, with the Price to Sales ratio for AQN stock in the period of the last 12 months amounting to 1.60. The Price to Book ratio for the last quarter was 0.70, with the Price to Cash per share for the same quarter was set at 0.17.
AQN Stock Performance Analysis:
Algonquin Power & Utilities Corp [AQN] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 0.19. With this latest performance, AQN shares dropped by -15.09% in over the last four-week period, additionally sinking by -8.48% over the last 6 months – not to mention a drop of -28.51% 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 38.88, with the RSI for the last a single of trading hit 39.25, and the three-weeks RSI is set at 39.50 for Algonquin Power & Utilities Corp [AQN]. The present Moving Average for the last 50 days of trading for this stock 5.83, while it was recorded at 5.33 for the last single week of trading, and 6.07 for the last 200 days.
Insight into Algonquin Power & Utilities Corp Fundamentals:
Algonquin Power & Utilities Corp’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.78 and a Current Ratio set at 0.97.
AQN Stock EPS
With the latest financial reports released by the company, Algonquin Power & Utilities Corp posted 0.11/share EPS, while the average EPS was predicted by analysts to be reported at 0.12/share. When compared, the two values demonstrate that the company fail the estimates by a Surprise Factor of -0.01. 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 1.70%.
Algonquin Power & Utilities Corp [AQN] Institutonal Ownership Details
There are presently around $61.81%, or 61.85%% of AQN stock, in the hands of institutional investors. The top three institutional holders of AQN stocks are: STARBOARD VALUE LP with ownership of 62.14 million shares, which is approximately 9.0116%. ROYAL BANK OF CANADA, holding 28.91 million shares of the stock with an approximate value of $$169.43 million in AQN stocks shares; and ROYAL BANK OF CANADA, currently with $$158.48 million in AQN stock with ownership which is approximately 3.922%.
