Investigating a stock’s 52-week price history, covering the range of low and high prices, can provide significant information about its present state and future potential. Algonquin Power & Utilities Corp’s current trading price is -31.62% away from its 52-week high, while its distance from the 52-week low is 27.55%. The stock’s price range during this period has varied between $4.90 and $9.14. The company, active in the Utilities sector, saw a trading volume of around 5.89 million for the day, considerably higher average daily volume of 4.69 million observed over the last three months.
Algonquin Power & Utilities Corp had a pretty Dodgy run when it comes to the market performance. Over the past year, the company’s stock reached a high of $9.14 on 05/11/23, while the lowest price during the same period was $4.90 on 10/25/23.
How Financial Performance Impacts Market Capitalization
Algonquin Power & Utilities Corp (AQN) has experienced a quarterly decline of -4.29% in its revenues when compared to the same period in the previous year. Presently, the company has a total market capitalization of 4.45B and boasts a workforce of 3951 employees.
The Role of Moving Averages and Trading Volume in Technical Analysis
Based on Barchart.com data, the company’s moving average over the 100-day period was 6.07, with a change in price of +0.98. Similarly, Algonquin Power & Utilities Corp recorded 4,539,611 in trading volume during the last 100 days, posting a change of +18.60%.
How AQN’s Debt-to-Equity Ratio Affects Financial Health
A company’s financial condition and market reputation can be evaluated using the debt-to-equity (D/E) ratio. This ratio, calculated by dividing a company’s total liabilities by its shareholders’ equity, indicates the proportion of debt a company employs to back its assets in relation to its shareholders’ equity. At the time of writing, the total D/E ratio for AQN stands at 1.69. Similarly, the long-term debt-to-equity ratio is also 1.57.
AQN Stock Stochastic Average
As of today, the raw stochastic average of Algonquin Power & Utilities Corp over the last 50 days is at 66.67%. This shows a increasee from the raw stochastic average of the previous 20 days, which was recorded at 62.98%. Further, the company’s Stochastic %K and %D values for the last 20 days were 46.14% and 43.95%, respectively.
AQN Stock Price Performance Analysis
Investors have been left with mixed emotions regarding the stock price performance over the year, as it’s been a mixed bag. This year’s metric has recorded a Price decrease of -1.11%. However, over the past six months, we’ve seen a stronger performance of -5.45%. The price of AQN fallen by 5.57% over the last 30 days. And in the last five days, it has surged by 3.99%.
