Transalta Corp [NYSE: TAC] traded at a high on Wednesday, posting a 2.82 gain after which it closed the day’ session at $10.92.
The results of the trading session contributed to over 2761761 shares changing hands. Over the past one week, the price volatility of Transalta Corp stands at 8.68% while the volatility over the past one month is 4.88%.
The market cap for TAC stock reached $3.26 billion, with 298.50 million shares outstanding and 296.19 million shares in the current float. Compared to the average trading volume of 1.36M shares, TAC reached a trading volume of 2761761 in the most recent trading day, which is why market watchdogs consider the stock to be active.
What do top market gurus say about Transalta Corp [TAC]?
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for TAC shares is $13.45 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on TAC stock is a recommendation set at 2.10. 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.
Scotiabank have made an estimate for Transalta Corp shares, keeping their opinion on the stock as Sector Perform, with their previous recommendation back on January 23, 2025. The new note on the price target was released on January 08, 2025, representing the official price target for Transalta Corp stock.
The Average True Range (ATR) for Transalta Corp is set at 0.66, with the Price to Sales ratio for TAC stock in the period of the last 12 months amounting to 1.59. The Price to Book ratio for the last quarter was 5.05, with the Price to Cash per share for the same quarter was set at 1.16. Price to Free Cash Flow for TAC in the course of the last twelve months was 9.90 with Quick ratio for the last quarter at 0.67.
How has TAC stock performed recently?
Transalta Corp [TAC] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -20.75. With this latest performance, TAC shares dropped by -23.37% in over the last four-week period, additionally plugging by 47.97% over the last 6 months – not to mention a rise of 45.02% 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 TAC stock in for the last two-week period is set at 30.85, with the RSI for the last a single of trading hit 25.50, and the three-weeks RSI is set at 35.96 for Transalta Corp [TAC]. The present Moving Average for the last 50 days of trading for this stock 12.73, while it was recorded at 11.83 for the last single week of trading, and 9.37 for the last 200 days.
Transalta Corp [TAC]: Deeper insight into the fundamentals
Transalta Corp’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.67 and a Current Ratio set at 0.74.
Insider trade positions for Transalta Corp [TAC]
There are presently around $66.34%, or 66.48%% of TAC stock, in the hands of institutional investors. The top three institutional holders of TAC stocks are: ROYAL BANK OF CANADA with ownership of 47.92 million shares, which is approximately 15.5585%. BROOKFIELD CORP /ON/, holding 35.51 million shares of the stock with an approximate value of $$251.88 million in TAC stocks shares; and BROOKFIELD CORP /ON/, currently with $$72.55 million in TAC stock with ownership which is approximately 3.327%.
