Archer Daniels Midland Co (NYSE:ADM) price on current trading day, rose 1.60% above its previous day’s close as an upside momentum from buyers pushed the stock’s value to $53.35.
A look at the stock’s price movement, the level at last check in today’s session was $52.51, moving within a range at $52.7 and $53.615. The beta value (5-Year monthly) was 0.722 while the PE ratio in trailing twelve months stood at 10.69. Turning to its 52-week performance, $77.35 and $48.92 were the 52-week high and 52-week low respectively. Overall, ADM moved -9.01% over the past month.
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Archer Daniels Midland Co’s market cap currently stands at around $25.51 billion, with investors looking forward to this quarter’s earnings report slated for in December. The company has a Forward Dividend ratio of 1.95, with its dividend yield at 3.66%. As such, investors might be keen on an upside in the stock’s price ahead of the scheduled earnings report.
Analysts have a consensus estimate of 21.5B for the company’s revenue for the quarter, with a low and high estimate of 20B and 25.08B respectively. The average forecast suggests down to a -0.88% growth in sales growth compared to quarterly growth in the same period last fiscal year. Wall Street analysts have also projected the company’s year-on-year revenue to grow to 87.49B, representing a -6.86% decline on that reported in the last financial year.
Turning to the stock’s technical picture we see that short term indicators suggest on average that ADM is a 100% Sell. On the other hand, the stock is on average a 100% Sell as suggested by medium term indicators while long term indicators are putting the stock in 100% Sell category.
8 analyst(s) have given their forecast ratings for the stock on a scale of 1.00-5.00 for a strong buy to strong sell recommendation. A total of 5 analyst(s) rate the stock as a Hold, 2 recommend ADM as a Buy and 0 give it an Overweight rating. Meanwhile, 0 analyst(s) rate the stock as Underweight and 1 say it is a Sell. As such, the average rating for the stock is Hold which could provide an opportunity for investors keen on increasing their holdings of the company’s stock.
ADM’s current price about -1.80% and -6.79% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 42.32, while 7-day volatility ratio is 1.77% and 2.33% in the 30-day chart. Further, Archer Daniels Midland Co (ADM) has a beta value of 0.71, and an average true range (ATR) of 1.36. Analysts have given the company’s stock an average 52-week price target of $65.5, forecast between a low of $58 and high of $100. Looking at the price targets, the low is -8.72% off recent price level in today’s trading while to achieve the yearly target high, it has to move -87.44%. Nonetheless, investors will most likely welcome a -22.77% jump to $65.5 which is the analysts’ median price.
If we refocus on Archer Daniels Midland Co (NYSE:ADM), historical trading data shows that trading volumes averaged 3.78 over the past 10 days and 2.72 million over the past 3 months. The company’s latest data on shares outstanding shows there are 513.00 million shares.
The 0.67% of Archer Daniels Midland Co’s shares are in the hands of company insiders while institutional holders own 80.27% of the company’s shares. Also important is the data on short interest which shows that short shares stood at 7.27 million on 2024-10-31, giving us a short ratio of 3.05. The data shows that as of 2024-10-31 short interest in Archer Daniels Midland Co (ADM) stood at 175.00000000000003 of shares outstanding, with shares short falling to 8.09 million registered in 2024-09-30. Current price change has pushed the stock -26.13% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the ADM stock continues to rise going into the next quarter.
