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The closing price of Algonquin Power & Utilities Corp (NYSE: AQN) was $6.17 for the day, down -0.32% from the previous closing price of $6.19. In other words, the price has decreased by -$0.32 from its previous closing price. On the day, 3.29 million shares were traded. AQN stock price reached its highest trading level at $6.18 during the session, while it also had its lowest trading level at $6.0399.
Ratios:
Our analysis of AQN’s different ratios will help us gain a deeper understanding of the company. For the most recent quarter (mrq), Quick Ratio is recorded 0.50 and its Current Ratio is at 0.63. In the meantime, Its Debt-to-Equity ratio is 1.69 whereas as Long-Term Debt/Eq ratio is at 1.57.
On January 08, 2024, BMO Capital Markets Upgraded its rating to Outperform which previously was Market Perform and also upped its target price recommendation from $7 to $7.50.
BofA Securities Downgraded its Buy to Neutral on April 18, 2023, whereas the target price for the stock was revised from $9 to $8.50.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, AQN now has a Market Capitalization of 4270516224 and an Enterprise Value of 14835918848. As of this moment, Algonquin’s Price-to-Earnings (P/E) ratio for their current fiscal year is 319.69, and their Forward P/E ratio for the next fiscal year is 11.72. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 74.35. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.64 while its Price-to-Book (P/B) ratio in mrq is 0.91. Its current Enterprise Value per Revenue stands at 5.499 whereas that against EBITDA is 15.703.
Stock Price History:
Over the past 52 weeks, AQN has reached a high of $9.14, while it has fallen to a 52-week low of $4.90. The 50-Day Moving Average of the stock is 2.33%, while the 200-Day Moving Average is calculated to be -3.65%.
Shares Statistics:
AQN traded an average of 4.90M shares per day over the past three months and 4573550 shares per day over the past ten days. A total of 689.27M shares are outstanding, with a floating share count of 688.70M. Insiders hold about 3.33% of the company’s shares, while institutions hold 60.62% stake in the company. Shares short for AQN as of 1713139200 were 11761474 with a Short Ratio of 3.30, compared to 1710460800 on 16178597.
Dividends & Splits
With its trailing 12-month dividend rate of 0.434, AQN has a forward annual dividend rate of 0.43. Against a Trailing Annual Dividend Yield of 0.070113085The stock’s 5-year Average Dividend Yield is 5.43.
