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Does AGNC Investment Corp. (NASDAQ: AGNC) Still Need To Convince Analysts?

AGNC Investment Corp. (NASDAQ:AGNC) traded at $11.13 at last check on Wednesday, June 29, made a downward move of -2.37% on its previous day’s price.

Looking at the stock we see that its previous close was $11.40 and the beta (5Y monthly) reads 1.01 with the day’s price range being $11.34 – $11.71. In terms of its 52-week price range, AGNC has a high of $17.18 and a low of $9.99. The company’s stock has lost about -5.86% over that past 30 days.

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AGNC Investment Corp. has a market cap of $5.75 billion and is expected to release its quarterly earnings report on Apr 25, 2022 – Apr 29, 2022. With its Forward Dividend at 1.44 and a yield of 12.63%, the company’s investors could be anxious for the AGNC stock to gain ahead of the earnings release. Estimates by analysts give the company expected earnings per share (EPS) of $0.59, with the EPS growth for the year raised at $2.35 for 2022 and $2.07 for next year. These figures represent -22.20% and -11.90% growth in EPS for the two years respectively.

Analysts tracking the company’s growth have also given it a consensus growth in revenue estimated at $296.57 million, with a low of $198 million and a high of $372 million. According to analyst consensus estimates figures, the company’s yearly revenue forecast for 2022 is expected to hit $1.2 billion, or -6.40% down from figures reported last year.

There have been 1 upward and no downward revisions for the stock’s EPS in last 7 days, something that reflects the nature of company’s price movement in short term. On the other hand, looking at the outlook for the AGNC stock, short term indicators assign the stock an average of 100% Sell, while medium term indicators assign it an average of 100% Sell. Long term indicators on average place the stock in the category of 100% Sell.

Based on estimates by 13 analysts, where scores have ranged from 1.00 for a strong buy to 5.00 for a strong sell, 7 have rated the AGNC Investment Corp. (AGNC) stock as a Hold, while 6 rate it as a Buy. 0 analyst(s) rate it as overweight while 0 of them rated it as underweight, whereas 0 suggest the stock as a Sell. The stock has an overall rating of Overweight and investors could take advantage and scoop up stock of the company.

Looking further, we note the current price level is -2.86% off its SMA20 and -5.02% from its 50-day simple moving average. The RSI (14) is pointing at 44.69 while the volatility over the past week is 3.15% and jumps to 3.00% over the past one month. The beta value is 1.03, while the average true range (ATR) is currently pointing at 0.37. The average price target for the stock over the next 12 months is $12.48, with the estimates having a low of $11.50 and a high of $14.00. These price ends are -3.32% and -25.79% off the today’s price level respectively, although investors could be excited at the prospect of a -7.82% if the AGNC share price touches on the median price of $12.00.

Let’s briefly compare AGNC Investment Corp. (AGNC) stock to its peers. We find that today’s price change of -2.37% and -33.72% over the past 12 months for AGNC competes that of Annaly Capital Management Inc. (NLY), which has seen its stock price fall -4.77% in the latest trading session and is -32.64% over the last one year. Another of its peers Starwood Property Trust Inc. (STWD) has dropped -3.47% today, and was -17.87% down over the past year, while New Residential Investment Corp. (NRZ) is also down -1.78% yet, while its price remains in the red at -6.39% over the same period. In contrast to these companies, both the S&P 500 Index and the Dow Jones Industrial are today at 0.20% and 0.50%, respectively, in early deals.

Coming back to AGNC Investment Corp. (NASDAQ:AGNC), we note that the average 3-month trading volume was 14.15 million. Current shares outstanding are 524.30 million.

The insiders hold 0.80% of the company’s shares while institutions hold 48.80%. Investors should be excited about this stock as its upside potential is great, with today’s price pushing the stock -24.20% down in year-to-date price movement.

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