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TransAlta Corporation (TAC)

7.7499   -0.03 (-0.39%) 03-24 12:25
Open: 7.75 Pre. Close: 7.78
High: 7.78 Low: 7.69
Volume: 48,951 Market Cap: 2,079(M)

Technical analysis

as of: 2023-03-24 12:04:40 PM
Stoxline posted a SELL today, same as yesterday. Downward movement continues.
Target: Six months: 10.19     One year: 10.94
Support: Support1: 7.69    Support2: 6.39
Resistance: Resistance1: 8.72    Resistance2: 9.36
Pivot: 8.12
Moving Average: MA(5): 7.84     MA(20): 8.15
MA(100): 8.98     MA(250): 9.81
MACD: MACD(12,26): -0.3     Signal(9): -0.3
Stochastic oscillator: %K(14,3): 5.9     %D(3): 6.1
RSI: RSI(14): 26.6
52-week: High: 11.85  Low: 7.55
Average Vol(K): 3-Month: 342 (K)  10-Days: 345 (K)

Price, moving averages and Bollinger Bands

Price has closed below its short-term moving average. Short-term moving average is currently below mid-term; and below long-term moving average. From the relationship between price and moving averages: This stock is BEARISH in short-term; and BEARISH in mid-long term.
[ TAC ] has closed above bottom band by 15.4%. Bollinger Bands are 4% wider than normal. The current width of the bands does not suggest anything about the future direction or movement of prices.

Stock Price Prediction

Update at 5:00pm EST
If tomorrow: Open lower Open higher
High: 7.98 - 8.04 8.04 - 8.09
Low: 7.62 - 7.69 7.69 - 7.74
Close: 7.69 - 7.8 7.8 - 7.87

Company Description

TransAlta Corporation owns, operates, and develops a diverse fleet of electrical power generation assets in Canada, the United States, and Australia. It operates through four segments: Hydro, Wind and Solar, Gas, and Energy Transition. owns and operates hydro, wind and solar, natural gas-fired, and coal-fired facilities. The company also engages in wholesale trading of electricity and other energy-related commodities and derivatives; and related mining operations and natural gas pipeline operations. It serves municipalities, medium and large industries, businesses, and utility customers. The company was founded in 1909 and is headquartered in Calgary, Canada.

Headline News

Fri, 24 Mar 2023
TransAlta Corporation - Consensus Indicates Potential 50.0% Upside - DirectorsTalk Interviews

Fri, 24 Mar 2023 Lowers TransAlta (NYSE:TAC) to Hold - MarketBeat

Mon, 13 Mar 2023
Cubist Systematic Strategies LLC Trims Stake in TransAlta Co ... - MarketBeat

Fri, 10 Mar 2023
Tudor Investment Corp Et Al Invests $250000 in TransAlta Co ... - MarketBeat

Wed, 08 Mar 2023
Utilities Stocks Moving Wednesday: SWX, RNW, CIG, SBS, YORW, ADN, NRGV, TAC - InvestorsObserver

Thu, 02 Mar 2023
Utilities Stocks Moving Thursday: TAC, NEE, BEPC, BEP, NRGV, AZRE, VIA, ORA - InvestorsObserver

Financial Analysis

Price to Book Value: Outperform
P/BV, a ratio used to compare book value to its current market price, to gauge whether a stock is valued properly.
Price to Earnings: Underperform
PE, the ratio for valuing a company that measures its current share price relative to its earnings per share (EPS).
Discounted cash flow: Outperform
DCF, a valuation method used to estimate the value of an investment based on its expected future cash flows.
Return on Assets: Neutral
ROA, indicates how profitable a company is in relation to its total assets, how efficiently uses assets to generate a profit.
Return on Equity: Underperform
ROE, a measure of financial performance calculated by dividing net income by equity. a gauge of profitability and efficiency.
Debt to Equity: Outperform
evaluate financial leverage, reflects the ability of equity to cover outstanding debts in the event of a business downturn.
Free Technical Analysis Charts

Stock Basics & Statistics

Exchange:  NYSE
Sector:  Utilities
Industry:  Utilities—Independent Power Producers
Shares Out. 268 (M)
Shares Float 252 (M)
% Held by Insiders 0.2 (%)
% Held by Institutions 73.6 (%)
Shares Short 2,270 (K)
Shares Short P.Month 2,100 (K)

Stock Financials

EPS Est Next Qtl 0.03
EPS Est This Year -0.08
EPS Est Next Year 0.07
Book Value (p.s.) 0.62
Profit Margin (%) 1.6
Operating Margin (%) 19.8
Return on Assets (ttm) 3.7
Return on Equity (ttm) 7
Qtrly Rev. Growth 40
Gross Profit (p.s.) 4.13
Sales Per Share 11.11
EBITDA (p.s.) 4.47
Qtrly Earnings Growth 0
Operating Cash Flow 877 (M)
Levered Free Cash Flow 234 (M)

Stock Valuations

PE Ratio 777
PEG Ratio 0.7
Price to Book value 12.33
Price to Sales 0.69
Price to Cash Flow 2.37

Stock Dividends

Dividend 0.03
Forward Dividend 0
Dividend Yield 0.5%
Dividend Pay Date 2022-03-31
Ex-Dividend Date 2022-02-27
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