Transalta Corp [TAC] stock is trading at $11.07, up 7.58%. One of the good ways to gauge the recent performance is if the stock’s short-term value is rising or falling. The TAC shares have gain 9.71% over the last week, with a monthly amount glided 5.93%, and seem to be holding up well over a long-time horizon.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
From an analyst’s perspective:
Previously, Credit Suisse upgraded its rating to Outperform on April 12, 2023. On February 01, 2023, downgrade downgraded it’s rating to Neutral. BofA Securities downgraded its rating to a Neutral. BMO Capital Markets upgraded its rating to a Outperform. CIBC upgraded its rating to Sector Outperform for this stock on March 20, 2020. In a note dated February 10, 2020, RBC Capital Mkts upgraded an Outperform rating on this stock.
Transalta Corp [TAC] stock has fluctuated between $5.94 and $10.73 over the past year. Currently, Wall Street analysts expect the stock to reach $16 within the next 12 months. Transalta Corp [NYSE: TAC] shares were valued at $11.07 at the most recent close of the market. An investor can expect a potential return of 44.53% based on the average TAC price forecast.
Analyzing the TAC fundamentals
Transalta Corp [NYSE:TAC] reported sales of 2.34B for the trailing twelve months, which represents a drop of -8.60%. Gross Profit Margin for this corporation currently stands at 0.52% with Operating Profit Margin at 0.31%, Pretax Profit Margin comes in at 0.24%, and Net Profit Margin reading is 0.19%. To continue investigating profitability, this company’s Return on Assets is posted at 0.07, Equity is 0.35 and Total Capital is 0.15. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of2.34.
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 9.80 points at the first support level, and at 8.53 for the second support level. However, for the 1st resistance point, the stock is sitting at 11.72, and for the 2nd resistance point, it is at 12.38.
Ratios To Look Out For
For context, Transalta Corp’s Current Ratio is 0.84. Also, the Quick Ratio is 0.75, while the Cash Ratio stands at 0.22. Considering the valuation of this stock, the price to sales ratio is 1.96, the price to book ratio is 5.32 and price to earnings (TTM) ratio is 7.26.
