While Algonquin Power & Utilities Corp has underperformed by -0.67%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, AQN fell by -31.64%, with highs and lows ranging from $6.79 to $4.25, whereas the simple moving average fell by -19.95% in the last 200 days.
On December 12, 2024, JP Morgan started tracking Algonquin Power & Utilities Corp (NYSE: AQN) recommending Neutral. A report published by Janney on September 05, 2024, Initiated its previous ‘Neutral’ rating for AQN. Wells Fargo also Downgraded AQN shares as ‘Equal Weight’, setting a target price of $6 on the company’s shares in a report dated August 12, 2024. Desjardins March 11, 2024d its ‘Sell’ rating to ‘Hold’ for AQN, as published in its report on March 11, 2024. BMO Capital Markets’s report from January 08, 2024 suggests a price prediction of $7.50 for AQN shares, giving the stock a ‘Outperform’ rating. BofA Securities also rated the stock as ‘Neutral’.
Analysis of Algonquin Power & Utilities Corp (AQN)
A return on investment can be expected regardless of AQN’s performance over the next quarter with the dividend set at $0.35 per share. Further, the quarter-over-quarter decrease in sales is -9.11%, showing a negative trend in the upcoming months.
To gain a thorough understanding of Algonquin Power & Utilities Corp’s future performance, several well-rounded types of analysis and research techniques can be used, with equity being among the most crucial. The goal here is to ensure that your current return on equity of 7.30% is sufficient for you to turn a profit off your investment. Taking into account the quick ratio of the company, currently set at 0.73, you can see that the company can cover any debts it may have, which can easily be seen in the annual report of the company.
It is also very valuable to look at average volume as an indicator of volatility for a stock, and AQN is recording an average volume of 5.40M. On a monthly basis, the volatility of the stock is set at 2.68%, whereas on a weekly basis, it is put at 2.22%, with a loss of -0.67% over the past seven days. Furthermore, long-term investors anticipate a median target price of $5.45, showing growth from the present price of $4.45, which can serve as yet another indication of whether AQN is worth investing in or should be passed over.
How Do You Analyze Algonquin Power & Utilities Corp Shares?
The number of employees owning shares of the company should also be considered in addition to the fundamentals. This is because the values should be in line with investors’ expectations. As such, the current holdings of company stock inside the company are set at 3.01%. This can enable you to see the extent to which executives own the company’s stock. As opposed to executive stock, institutional ownership accounts for 59.37% of the company’s shares, contributing to an indication of company value, since large shareholders may signify strength within the organization.
AQN shares are owned by institutional investors to the tune of 59.37% at present.
