Reasons why AES Corp.’s (NYSE:AES) fundamentals are futile

In yesterday’s Wall Street session, AES Corp. (NYSE:AES) shares traded at $18.96, up 0.64% from the previous session.

AES stock price is now -1.05% away from the 50-day moving average and 10.10% away from the 200-day moving average. The market capitalization of the company currently stands at $13.47B.

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On April 18, 2024, Mizuho recently initiated its ‘Buy’ rating on the stock quoting a target price of $21, while ‘UBS’ rates the stock as ‘Neutral’

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 $0.82 million. An SEC document containing details of the transaction can be found on the SEC’s website. On May 20 ’24, EVP & Chief HR Officer Mendoza Tish sold 66,250 shares of the business’s stock. A total of $1,405,162 was realized by selling the stock at an average price of $21.21. This leaves the insider owning 199,481 shares of the company worth $3.78 million. A total of 0.17% of the company’s stock is owned by insiders.

During the past 12 months, AES Corp. has had a low of $11.43 and a high of $22.60. As of last week, the company has a debt-to-equity ratio of 6.72, a current ratio of 0.78, and a quick ratio of 0.71. According to the stock market information, the enterprise value for the company is $46446239744, which is based on a 26.26 price-to-earnings ratio, a 3.50 price-to-earnings-growth ratio, and a beta of 1.08. The fifty day moving average price for AES is $19.1748 and a two-hundred day moving average price translates $17.2259 for the stock.

The latest earnings results from AES Corp. (NYSE: AES) was released for 2024-03-31. The net profit margin was 4.18% and return on equity was 13.00% for AES. The company reported revenue of $3.08 billion for the quarter, compared to $3.24 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -4.75 percent.

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