Atlantica Sustainable Infrastructure Plc (AY) is expected to grow earnings and revenues in the years ahead

At the time of writing, Atlantica Sustainable Infrastructure Plc [AY] stock is trading at $21.85, saw in change for the day. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The AY shares have gain 0.18% over the last week, with a monthly amount drifted -1.18%, and not seem to be holding up well over a long-time horizon.

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From an analyst’s perspective:

Atlantica Sustainable Infrastructure Plc [NASDAQ: AY] stock has seen the most recent analyst activity on May 30, 2024, when UBS downgraded its rating to a Neutral and also revised its price target to $22 from $25. Previously, Seaport Research Partners downgraded its rating to Neutral on May 29, 2024. On April 03, 2024, downgrade downgraded it’s rating to Sector Perform. UBS upgraded its rating to a Buy and increased its price target to $25 on March 22, 2024. Raymond James downgraded its rating to a Mkt Perform and reduced its price target to $25 on October 26, 2023. National Bank Financial downgraded its rating to Sector Perform for this stock on May 26, 2023, but kept the price target unchanged to $31. In a note dated May 08, 2023, National Bank Financial upgraded an Outperform rating on this stock but restated the target price of $31.

For the past year, the stock price of Atlantica Sustainable Infrastructure Plc fluctuated between $16.35 and $23.47. Currently, Wall Street analysts expect the stock to reach $25.4 within the next 12 months. Atlantica Sustainable Infrastructure Plc [NASDAQ: AY] shares were valued at $21.85 at the most recent close of the market. An investor can expect a potential return of 16.25% based on the average AY price forecast.

Analyzing the AY fundamentals

According to Atlantica Sustainable Infrastructure Plc [NASDAQ:AY], the company’s sales were 1.12B for trailing twelve months, which represents an 5.18% jump. Gross Profit Margin for this corporation currently stands at 0.66% with Operating Profit Margin at 0.21%, Pretax Profit Margin comes in at 0.03%, and Net Profit Margin reading is 0.03%. To continue investigating profitability, this company’s Return on Assets is posted at 0.0, Equity is 0.02 and Total Capital is 0.03. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of3.98.

Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 21.82 points at the first support level, and at 21.80 for the second support level. However, for the 1st resistance point, the stock is sitting at 21.86, and for the 2nd resistance point, it is at 21.88.

Ratios To Look Out For

It is important to note that Atlantica Sustainable Infrastructure Plc [NASDAQ:AY] has a current ratio of 1.35. As well, the Quick Ratio is 1.30, while the Cash Ratio is 0.52. Considering the valuation of this stock, the price to sales ratio is 2.27, the price to book ratio is 1.84 and price to earnings (TTM) ratio is 64.45.

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