A better buy-in window may exist right now for Algonquin Power & Utilities Corp (AQN)

With 5.49 million shares changed hands, the volume of the stock remained heavier than its average volume of 5.44 million shares. During the session, the Utilities – Renewable company that operates in wider Utilities sector, reached to the highest price of $6.735 whereas the lowest price it dropped to was $6.58. The 52-week range on AQN shows that it touched its highest point at $8.74 and its lowest point at $4.90 during that stretch. It currently has a 1-year price target of $6.95. With its current market cap of 4.75 billion, AQN has annualized dividend of $0.43 while the current yield stands at 6.51%. AQN paid its most recent dividend on 1711497600, while the ex-dividend date for that was 1719532800. Beta for the stock currently stands at 0.73.

Price Performance and Earnings:

Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of AQN was up-trending over the past week, with a rise of 0.76%, but this was up by 17.64% over a month. Three-month performance surged to 13.63% while six-month performance rose 21.49%. The stock lost -22.26% in the past year, while it has gained 5.54% so far this year. A look at the trailing 12-month EPS for AQN yields -0.50 with Next year EPS estimates of 0.51. For the next quarter, that number is 0.09. This implies an EPS growth rate of -10.97% for this year and 7.04% for next year. EPS is expected to grow by 4.30% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of -40.16%.

Float and Shares Shorts:

At present, 689.27 million AQN shares are outstanding with a float of 688.70 million shares on hand for trading. On 2024-04-30, short shares totaled 11.76 million, which was 188.0 higher than short shares on 1711584000. In addition to Mr. Darren G. Myers as the firm’s Chief Financial Officer, Mr. Anthony Johnston serves as its Chief Operating Officer.

Institutional Ownership:

Through their ownership of 0.60396 of AQN’s outstanding shares, institutional investors have minority control over the company.

An Overview of Recent Financials:

Understanding a company as a customer does not mean you will understand it as an investor. The wise investor uses quantitative research to analyze metrics such as revenue, net income, and earnings. In its fiscal quarter reported on 2024-03-31, AQN reported revenue of $737100000.0 and operating income of $140995000.0. The EBITDA in the recently reported quarter was $280330000.0 and diluted EPS was -$0.13.

Analysts Ratings:

Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for AQN since 0 analysts follow the stock currently. In the same way, a target price assigned to a stock can also reveal much about its potential.