Brookfield Renewable Corp (BEPC) stock hits $28.84: Is it a good time to buy or wait for a dip?

Brookfield Renewable Corp [BEPC] stock prices are up 1.73% to $28.84 at the moment. In order to assess the stock’s recent performance, you can check whether its short-term value is rising or falling. The BEPC shares have gain 8.42% over the last week, with a monthly amount glided 13.77%, and seem to be holding up well over a long-time horizon.

From an analyst’s perspective:

Brookfield Renewable Corp [NYSE: BEPC] stock has seen the most recent analyst activity on December 12, 2024, when JP Morgan upgraded its rating to a Overweight and also boosted its price target to $34 from $32. On December 09, 2021, upgrade upgraded it’s rating to Overweight but maintained its price target of $52 on the stock. Wells Fargo upgraded its rating to a Overweight and increased its price target to $53 on April 26, 2021. JP Morgan initiated its recommendation with a Neutral. Wells Fargo downgraded its rating to Underweight for this stock on January 06, 2021. In a note dated October 08, 2020, Wells Fargo downgraded an Equal Weight rating on this stock and boosted its target price from $55 to $60.

The stock price of Brookfield Renewable Corp [BEPC] has been fluctuating between $21.35 and $35.14 over the past year. Brookfield Renewable Corp [NYSE: BEPC] shares were valued at $28.84 at the most recent close of the market.

Analyzing the BEPC fundamentals

The Brookfield Renewable Corp [NYSE:BEPC] reported sales of 4.91B for trailing twelve months, representing a drop of -4.93%. Gross Profit Margin for this corporation currently stands at 0.38% with Operating Profit Margin at 0.25%, Pretax Profit Margin comes in at -0.14%, and Net Profit Margin reading is -0.17%. To continue investigating profitability, this company’s Return on Assets is posted at -0.01, Equity is -0.09 and Total Capital is 0.02. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of2.83.

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 28.43 points at the first support level, and at 28.02 for the second support level. However, for the 1st resistance point, the stock is sitting at 29.08, and for the 2nd resistance point, it is at 29.32.

Ratios To Look Out For

It’s worth pointing out that Brookfield Renewable Corp [NYSE:BEPC]’s Current Ratio is 0.72. In addition, the Quick Ratio stands at 0.72 and the Cash Ratio stands at 0.04. Considering the valuation of this stock, the price to sales ratio is 1.99, the price to book ratio is 1.64.

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