The market performance of Algonquin Power & Utilities Corp’s stock has been turbulent in recent times. Over the last year, the company’s stock reached its highest point at $8.49 on 07/21/23, while the lowest value for the same duration was $4.90 on 10/25/23.
52-week price history of AQN Stock
Studying a stock’s 52-week price history, which includes both low and high prices, can help gauge its current status and potential future performance. Algonquin Power & Utilities Corp’s current trading price is -27.50% away from its 52-week high, while its distance from the 52-week low is 25.61%. The stock’s price range during the 52-week period has remained between $4.90 and $8.49. In the Utilities sector, the company’s shares saw a trading volume of around 1.74 million for the day, which was evidently lower than the average daily volume of 5.99 million over the past three months.
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Market Capitalization and Financial Performance: An In-Depth Look
Algonquin Power & Utilities Corp (AQN) has experienced a quarterly rise of 3.79% in its revenues when compared to the same period in the previous year. Presently, the company has a total market capitalization of 4.86B and boasts a workforce of 3500 employees.
Making Sense of Trading Volume and Moving Average Data
Based on Barchart.com data, the company’s moving average over the 100-day period was 6.14, with a change in price of +0.24. Similarly, Algonquin Power & Utilities Corp recorded 5,732,598 in trading volume during the last 100 days, posting a change of +4.05%.
Examining AQN’s Debt-to-Equity Ratio: What You Need to Know
The debt-to-equity (D/E) ratio is a crucial measure that sheds light on a company’s financial health and market standing. It is determined by dividing a company’s overall liabilities by its shareholders’ equity, showing the extent of a company’s debt usage in financing its assets compared to the shareholders’ equity. At the time of writing, the total D/E ratio for AQN stands at 1.87. Similarly, the long-term debt-to-equity ratio is also 1.82.
AQN Stock Stochastic Average
As of today, Algonquin Power & Utilities Corp’s raw stochastic average for the last 50 days stands at 49.19%. This is a decline compared to the raw stochastic average of the previous 20 days, which was noted at 78.71%. Furthermore, the company’s Stochastic %K and %D values for the past 20 days were 88.37% and 87.66%, respectively.
AQN Stock Price Performance Analysis
Investors’ outlook regarding the stock price performance over the year has been split, with some feeling optimistic and others feeling pessimistic, as it’s been a mixed bag. Until today this year the stock’s price performance recorded a decrease of -2.61%. However, over the last six months, the performance has been stronger by -3.83%. The price of AQN increased 4.50% over the last 30 days. And in the last five days, it has surged by 2.93%.