This is why Atlantica Sustainable Infrastructure Plc (AY) Stock is one of the options for the Longer run

Atlantica Sustainable Infrastructure Plc [AY] stock is trading at $22.01, down -0.09%. In order to assess the stock’s recent performance, you can check whether its short-term value is rising or falling. The AY shares have gain 0.55% over the last week, with a monthly amount drifted -1.12%, 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.

Atlantica Sustainable Infrastructure Plc [AY] stock has fluctuated between $16.35 and $23.47 over the past year. 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 $22.01 at the most recent close of the market. An investor can expect a potential return of 15.4% based on the average AY price forecast.

Analyzing the AY fundamentals

Atlantica Sustainable Infrastructure Plc [NASDAQ:AY] reported sales of 1.12B for the trailing twelve months, which represents a growth of 5.18%. 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. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 3.98.

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 21.98 points at the first support level, and at 21.96 for the second support level. However, for the 1st resistance point, the stock is sitting at 22.04, and for the 2nd resistance point, it is at 22.08.

Ratios To Look Out For

For context, Atlantica Sustainable Infrastructure Plc’s Current Ratio is 1.35. In addition, the Quick Ratio stands at 1.30 and the Cash Ratio stands at 0.52. Considering the valuation of this stock, the price to sales ratio is 2.29, the price to book ratio is 1.90 and price to earnings (TTM) ratio is 66.10.

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