Brookfield Renewable Corporation (NYSE:BEPC) currently has a daily average trading volume of 665.57K but it saw 354560 shares traded on Wednesday. With a market cap of 5.62B USD, stock’s current market price of $32.16 came rising about 0.82 while comparing to the previous closing price of $31.90. In past 52 weeks, the stock remained buoying in the range of price level as high as $44.41 and as low as $28.40. In the recent trading on the day, stock has struck highest price mark of $32.16 while lowest mark touched by it was $31.38.
Taking a look at 20-day trading activity of Brookfield Renewable Corporation (BEPC) gives us an average price of $31.46, while its current price level is -27.58% below from 52-week high level whereas it is 13.24% above from lowest level seen by the stock during that period. Simple moving average of 50 days or SMA-50 of the stock’s closing price is $32.51 while that of 200 days or SMA-200 reads an average of $36.76. A closer look into the stock’s movement over the week reveals that its volatility is standing at 2.50% during that period while stretching the period over a month that increases to 2.73%. It is also necessary to take a look into other indicators of a stock too, to get a better idea about its price movement. And in doing so, we find stock’s 14-day relative strength index (RSI) standing at 52.98 which implies that the stock is in neutral territory.
The company’s shares got several price updates from the analyst firms in past one month and most recent of them is from the JP Morgan which upgraded the stock as “Overweight” in its note to investors issued on December 09, 2021, recommending a price target of $52 for it. Wells Fargo upgraded its recommendation for the stock as a “Overweight” from “Equal Weight” on April 26, 2021 while assigning a price target range of $47-$53.
Over the week, BEPC’s stock price is moving 0.09% up while it is 4.21% when we observe its performance for the past one month. Year-to-date it is -12.68% down and over the past year, the stock is showing a downside performance of -13.73%.
The latest quarterly earnings report issued by the company was for quarter ended 6/29/2021, when its quarterly earnings per share (EPS) of -$0.13 beaten by the consensus estimate of -$0.03 for the same. In next quarter, company is expected to be making quarterly sales of $1.06 billion as analysts are expecting the sales for current fiscal year at $4.11 billion and seeing the company making $4.39 billion in sales next year. Moreover, analysts are in estimates of $1.01 billion for current-quarter revenue.
Currently, Brookfield Renewable Corporation’s total number of outstanding shares is 361.82M with 0.05% of that held by the insiders while 73.88% of its common stock has been owned by the institutions. Company’s return on investment (ROI) stands at 10.60% and return on equity (ROE) at 13.70%. It has a price to earnings ratio (P/E ratio) of 28.11 while having a 109.02 of forward P/E ratio. Stock has a price to book (P/B) ratio of 3.05 while price to sale or P/S ratio amounts to 1.55. Its return on asset (ROA) is 1.00% on average.
A filing at the U.S. Securities and Exchange Commission revealed that Principal Investors – Mid Cap Fun came shrinking its share ownership by 4.06% in the Brookfield Renewable Corporation (BEPC) increasing its stake to 1.24% with control over 83138.0 shares in the company. In the most recent quarter, Vanguard Total International Stoc came cutting its stake by -0.51% in the company and now holds 1.7 million or 0.99% of the company’s stake having worth of about 52.62 million.