Conagra Brands Inc (NYSE:CAG) shares, rose in value, with the stock price up by 0.44% to the previous day’s close as strong demand from buyers drove the stock to $29.44.
Actively observing the price movement in the last trading, the stock closed the session at $29.31, falling within a range of $29.235 and $29.8. The value of beta (5-year monthly) was 0.311 whereas the PE ratio was 28.68 over 12-month period. Referring to stock’s 52-week performance, its high was $33.24, and the low was $26.51. On the whole, CAG has fluctuated by -6.45% over the past month.
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With the market capitalization of Conagra Brands Inc currently standing at about $14.05 billion, investors are eagerly awaiting this quarter’s results, scheduled for in November. The company’s Forward Dividend Ratio is 1.40, with its dividend yield at 4.76%.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 11.91B, with a low estimate of 3.13B and a high estimate of 3.17B. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 3.15B.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that CAG’s technical picture suggests that short-term indicators denote the stock is a 50% Buy on average. However, medium-term indicators have put the stock in the category of 50% Buy while long-term indicators on average have been pointing out that it is a 50% Sell.
The stock’s technical analysis shows that the PEG ratio is about 18.99, with the price of CAG currently trading nearly -6.20% and -5.57% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 33.03, while the 7-day volatility ratio is showing 1.68% which for the 30-day chart, stands at 1.69%. Furthermore, Conagra Brands Inc (CAG)’s beta value is 0.32, and its average true range (ATR) is 0.66.
A comparison of Conagra Brands Inc (CAG) with its peers suggests the former has fared considerably weaker in the market. CAG showed an intraday change of 0.44% in last session, and over the past year, it grew by 6.94%%.
Data on historical trading for Conagra Brands Inc (NYSE:CAG) indicates that the trading volumes over the past 10 days have averaged 6.24 and over the past 3 months, they’ve averaged 4.99 million. According to company’s latest data on outstanding shares, there are 478.17 million shares outstanding.
Nearly 0.52% of Conagra Brands Inc’s shares belong to company insiders and institutional investors own 88.13% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 17.91 million shares as on 2024-09-30, resulting in a short ratio of 3.58. According to the data, the short interest in Conagra Brands Inc (CAG) stood at 429.00 of shares outstanding as of 2024-09-30; the number of short shares registered in 2024-08-30 reached 15.23 million. The stock has risen by 2.72% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the CAG stock heading into the next quarter.
