AGCO Corp (NYSE:AGCO) shares, rose in value on Friday, November 22, with the stock price up by 1.01% to the previous day’s close as strong demand from buyers drove the stock to $98.43.
Actively observing the price movement in the last trading, the stock closed the session at $97.45, falling within a range of $96.64 and $99.03. The value of beta (5-year monthly) was 1.249 whereas the PE ratio was 43.51 over 12-month period. Referring to stock’s 52-week performance, its high was $127.35, and the low was $84.35. On the whole, AGCO has fluctuated by -1.64% over the past month.
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With the market capitalization of AGCO Corp currently standing at about $7.35 billion, investors are eagerly awaiting this quarter’s results, scheduled for in December. The company’s Forward Dividend Ratio is 1.15, with its dividend yield at 1.17%.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 11.98B, with a low estimate of 2.97B and a high estimate of 3.28B. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 3.19B.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that AGCO’s technical picture suggests that short-term indicators denote the stock is a Hold on average. However, medium-term indicators have put the stock in the category of Hold while long-term indicators on average have been pointing out that it is a 50% Sell.
The stock’s technical analysis shows that the price of AGCO currently trading nearly 3.50% and 2.03% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 57.22, while the 7-day volatility ratio is showing 3.47% which for the 30-day chart, stands at 3.04%. Furthermore, AGCO Corp (AGCO)’s beta value is 1.24, and its average true range (ATR) is 2.93.
A comparison of AGCO Corp (AGCO) with its peers suggests the former has fared considerably weaker in the market. AGCO showed an intraday change of 1.01% in last session, and over the past year, it shrunk by -11.70%%.
Data on historical trading for AGCO Corp (NYSE:AGCO) indicates that the trading volumes over the past 10 days have averaged 1.03 and over the past 3 months, they’ve averaged 794.41K. According to company’s latest data on outstanding shares, there are 74.52 million shares outstanding.
Nearly 16.97% of AGCO Corp’s shares belong to company insiders and institutional investors own 84.69% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 3.38 million shares as on 2024-10-31, resulting in a short ratio of 5.33. According to the data, the short interest in AGCO Corp (AGCO) stood at 544.00 of shares outstanding as of 2024-10-31; the number of short shares registered in 2024-09-30 reached 3.54 million. The stock has fallen by -17.08% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the AGCO stock heading into the next quarter.
