Brookfield Renewable Corp (BEPC) stock forecast: Can it reach its 52-week high of $35.14

A share price of Brookfield Renewable Corp [BEPC] is currently trading at $32.29, up 0.69%. 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 9.05% over the last week, with a monthly amount glided 10.20%, and seem to be holding up well over a long-time horizon.

From an analyst’s perspective:

Previously, JP Morgan upgraded its rating to Overweight on December 12, 2024, and elevated its price target to $34. On October 20, 2023, Exane BNP Paribas initiated with a Outperform rating. JP Morgan upgraded its rating to a Overweight but stick to its price target of $52 on December 09, 2021. Wells Fargo upgraded its rating to a Overweight and raised its price target to $53 on April 26, 2021. In a note dated January 06, 2021, Wells Fargo downgraded an Underweight rating on this stock.

Brookfield Renewable Corp experienced fluctuations in its stock price throughout the past year between $23.73 and $35.14. Brookfield Renewable Corp [NYSE: BEPC] shares were valued at $32.29 at the most recent close of the market.

Analyzing the BEPC fundamentals

Trailing Twelve Months sales for Brookfield Renewable Corp [NYSE:BEPC] were 5.09B which represents 15.68% growth. Gross Profit Margin for this corporation currently stands at 0.5% with Operating Profit Margin at 0.24%, Pretax Profit Margin comes in at 0.02%, and Net Profit Margin reading is -0.06%. To continue investigating profitability, this company’s Return on Assets is posted at -0.01, Equity is -0.08 and Total Capital is 0.03. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of9.83.

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 31.91 points at the first support level, and at 31.54 for the second support level. However, for the 1st resistance point, the stock is sitting at 32.48, and for the 2nd resistance point, it is at 32.68.

Ratios To Look Out For

To put it in perspective, the Current Ratio for Brookfield Renewable Corp [NYSE:BEPC] is 0.25. In addition, the Quick Ratio stands at 0.25 and the Cash Ratio stands at 0.05. Considering the valuation of this stock, the price to sales ratio is 1.14, the price to book ratio is 2.81.

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