Stock Market Recap: Algonquin Power & Utilities Corp (AQN) Concludes at 6.49, a -0.61 Surge/Decline

In the journey to outperform the market, investors delve into the art of stock selection. Choosing the right stocks can be a powerful driver for wealth accumulation.

After finishing at $6.53 in the prior trading day, Algonquin Power & Utilities Corp (NYSE: AQN) closed at $6.49, down -0.61%. In other words, the price has decreased by -$0.61 from its previous closing price. On the day, 2.48 million shares were traded. AQN stock price reached its highest trading level at $6.62 during the session, while it also had its lowest trading level at $6.48.

Ratios:

Our goal is to gain a better understanding of AQN by taking a closer look at 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 4496304128 and an Enterprise Value of 15293890560. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.75 while its Price-to-Book (P/B) ratio in mrq is 0.99. Its current Enterprise Value per Revenue stands at 5.757 whereas that against EBITDA is 16.019.

Stock Price History:

Over the past 52 weeks, AQN has reached a high of $8.74, while it has fallen to a 52-week low of $4.90. The 50-Day Moving Average of the stock is 5.10%, while the 200-Day Moving Average is calculated to be 3.15%.

Shares Statistics:

The stock has traded on average 5.46M shares per day over the past 3-months and 7323120 shares per day over the last 10 days, according to various share statistics. 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 60.90% stake in the company. Shares short for AQN as of 1714435200 were 11761474 with a Short Ratio of 2.15, compared to 1711584000 on 12695185.

Dividends & Splits

In the trailing 12 months, AQN’s forward annual dividend rate was 0.434, compared to 0.43 this year. Against a Trailing Annual Dividend Yield of 0.06646248The stock’s 5-year Average Dividend Yield is 5.47.

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