The stock of AES Corp (NYSE:AES) last traded at $13.02, down -0.31% from the previous session.
AES stock price is now -9.57% away from the 50-day moving average and -24.36% away from the 200-day moving average. The market capitalization of the company currently stands at $9.23B.
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With the price target of $17, HSBC Securities recently initiated with Buy rating for AES Corp (NYSE: AES). , while ‘Jefferies’ rates the stock as ‘Buy’
In other news, Kohan Sherry, SVP & Chief Accounting Officer sold 15,000 shares of the company’s stock on Jun 06 ’24. The stock was sold for $305,250 at an average price of $20.35. Upon completion of the transaction, the SVP & Chief Accounting Officer now directly owns 43,334 shares in the company, valued at $0.56 million. An SEC document containing details of the transaction can be found on the SEC’s website. On May 20 ’24, EVP and President, Renewables Da Santos Bernerd sold 66,250 shares of the business’s stock. A total of $1,401,188 was realized by selling the stock at an average price of $21.15. This leaves the insider owning 300,672 shares of the company worth $3.91 million. A total of 0.19% of the company’s stock is owned by insiders.
During the past 12 months, AES Corp has had a low of $12.24 and a high of $22.21. As of last week, the company has a debt-to-equity ratio of 7.02, a current ratio of 0.85, and a quick ratio of 0.80. According to the stock market information, the enterprise value for the company is $42666352640, which is based on a 9.06 price-to-earnings ratio, a 0.92 price-to-earnings-growth ratio, and a beta of 1.00. The fifty day moving average price for AES is $14.488 and a two-hundred day moving average price translates $17.2302 for the stock.
The latest earnings results from AES Corp (NYSE: AES) was released for 2024-09-30. The net profit margin was 8.39% and return on equity was 24.56% for AES. The company reported revenue of $3.29 billion for the quarter, compared to $3.43 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -4.22 percent.
