Conagra Brands Inc (NYSE:CAG) shares, rose in value on Thursday, December 12, with the stock price up by 1.23% to the previous day’s close as strong demand from buyers drove the stock to $28.07.
Actively observing the price movement in the last trading, the stock closed the session at $27.73, falling within a range of $27.7 and $28.215. The value of beta (5-year monthly) was 0.332 whereas the PE ratio was 27.35 over 12-month period. Referring to stock’s 52-week performance, its high was $33.24, and the low was $26.21. On the whole, CAG has fluctuated by 1.41% over the past month.
With the market capitalization of Conagra Brands Inc currently standing at about $13.40 billion, investors are eagerly awaiting this quarter’s results, scheduled for in January. The company’s Forward Dividend Ratio is 1.40, with its dividend yield at 4.99%.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 11.88B, with a low estimate of 3.13B and a high estimate of 3.16B. 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% Sell on average. However, medium-term indicators have put the stock in the category of 100% Sell 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 21.79, with the price of CAG currently trading nearly 2.41% and -1.38% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 52.36, while the 7-day volatility ratio is showing 2.37% which for the 30-day chart, stands at 2.11%. Furthermore, Conagra Brands Inc (CAG)’s beta value is 0.29, and its average true range (ATR) is 0.59.
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 1.23% in last session, and over the past year, it shrunk by -5.20%%.
Data on historical trading for Conagra Brands Inc (NYSE:CAG) indicates that the trading volumes over the past 10 days have averaged 4.92 and over the past 3 months, they’ve averaged 5.04 million. According to company’s latest data on outstanding shares, there are 477.27 million shares outstanding.
Nearly 0.55% of Conagra Brands Inc’s shares belong to company insiders and institutional investors own 87.36% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 13.02 million shares as on 2024-11-29, resulting in a short ratio of 2.6. According to the data, the short interest in Conagra Brands Inc (CAG) stood at 312.00 of shares outstanding as of 2024-11-29; the number of short shares registered in 2024-10-31 reached 13.61 million. The stock has fallen by -2.06% 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.
