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

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AGNC Investment Corp (NASDAQ:AGNC) traded at $9.58 at close of the session on Friday, December 13 and made an upward move of 0.42% on its previous day’s price.

Looking at the stock we see that its previous close was $9.54 and the beta (5Y monthly) reads 1.466 with the day’s price range being $9.5 – $9.59. The company has a trailing 12-month PE ratio of 6.71. In terms of its 52-week price range, AGNC has a high of $10.85 and a low of $8.92. The company’s stock has gained about 0.63% over that past 30 days.

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AGNC Investment Corp has a market cap of $8.52 billion and is expected to release its quarterly earnings report in January. With its Forward Dividend at 1.44 and a yield of 15.03%, the company’s investors could be anxious for the AGNC stock to gain ahead of the earnings release.

Analysts tracking the company’s growth have also given it a consensus growth in revenue estimated at 237.36M, with a low of 10.28M and a high of 463.8M. The median projection represents growth squeezing down to 1,012.93% compared to sales growth for the corresponding quarter a year ago. According to analyst consensus estimates figures, the company’s yearly revenue forecast for current year is expected to hit 121.28M, or 149.30% up from figures reported last year.

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.

Based on estimates by 15 analysts, where scores have ranged from 1.00 for a strong buy to 5.00 for a strong sell, 4 have rated the AGNC Investment Corp (AGNC) stock as a Hold, while 10 rate it as a Buy. 1 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 Buy and investors could take advantage and scoop up stock of the company.

Looking further, we note the current price level is -0.57% off its SMA20 and -2.25% from its 50-day simple moving average. The RSI (14) is pointing at 45.86 while the volatility over the past week is 1.19% and jumps to 1.30% over the past one month. The beta value is 1.46, while the average true range (ATR) is currently pointing at 0.14. The average price target for the stock over the next 12 months is $11, with the estimates having a low of $11 and a high of $12. These price ends are -14.82% and -25.26% off the current price level respectively, although investors could be excited at the prospect of a -14.82% if the AGNC share price touches on the median price of $11.

Coming back to AGNC Investment Corp (NASDAQ:AGNC), we note that the average 3-month trading volume was 18.34 million, while that of the preceding 10-day period stands at 13.67 million. Current shares outstanding are 885.64 million.

The insiders hold 0.71% of the company’s shares while institutions hold 40.41%. The data shows that short shares as of 2024-11-29, stood at 47.38 million at a short ratio of 2.4. This represents a 537.00 short interest in shares outstanding on 2024-11-29. Shares short fall in November from the previous month at 50.47 million. Investors should be excited about this stock as its upside potential is great, with current price pushing the stock -2.34% down in year-to-date price movement.

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