Market Watch Highlights: Algonquin Power & Utilities Corp (AQN) Ends on an Upturn Note at 6.02

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As of close of business last night, Algonquin Power & Utilities Corp’s stock clocked out at $6.02, up 0.33% from its previous closing price of $6.00. In other words, the price has increased by $0.33 from its previous closing price. On the day, 4.2 million shares were traded. AQN stock price reached its highest trading level at $6.12 during the session, while it also had its lowest trading level at $6.0.

Ratios:

To gain a deeper understanding of AQN’s stock, we examine its different ratios. For the most recent quarter (mrq), Quick Ratio is recorded 0.79 and its Current Ratio is at 0.98. In the meantime, Its Debt-to-Equity ratio is 1.87 whereas as Long-Term Debt/Eq ratio is at 1.82.

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 4151747328 and an Enterprise Value of 14981719040. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.80 while its Price-to-Book (P/B) ratio in mrq is 0.92. Its current Enterprise Value per Revenue stands at 5.64 whereas that against EBITDA is 15.704.

Stock Price History:

Over the past 52 weeks, AQN has reached a high of $8.49, while it has fallen to a 52-week low of $4.90. The 50-Day Moving Average of the stock is -3.31%, while the 200-Day Moving Average is calculated to be -0.68%.

Shares Statistics:

It appears that AQN traded 5.98M shares on average per day over the past three months and 6304180 shares per day over the past ten days. A total of 789.69M shares are outstanding, with a floating share count of 765.85M. Insiders hold about 3.02% of the company’s shares, while institutions hold 55.92% stake in the company. Shares short for AQN as of 1718323200 were 16215603 with a Short Ratio of 2.71, compared to 1715731200 on 14501100.

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 0.07233333The stock’s 5-year Average Dividend Yield is 5.56.

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