Conagra Brands Inc (NYSE:CAG) shares, rose in value on Wednesday, January 22, with the stock price down by -1.52% to the previous day’s close as strong demand from buyers drove the stock to $25.31.
Actively observing the price movement in the last trading, the stock closed the session at $25.70, falling within a range of $25.135 and $25.635. The value of beta (5-year monthly) was 0.332 whereas the PE ratio was 24.73 over 12-month period. Referring to stock’s 52-week performance, its high was $33.24, and the low was $25.35. On the whole, CAG has fluctuated by -7.53% over the past month.
With the market capitalization of Conagra Brands Inc currently standing at about $12.08 billion, investors are eagerly awaiting this quarter’s results, scheduled for in February. The company’s Forward Dividend Ratio is 1.40, with its dividend yield at 5.53%.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 11.87B, with a low estimate of 2.97B and a high estimate of 3B. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 2.99B.
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 100% 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 100% Sell.
The stock’s technical analysis shows that the PEG ratio is about 19.94, with the price of CAG currently trading nearly -5.31% and -7.00% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 29.78, while the 7-day volatility ratio is showing 2.05% which for the 30-day chart, stands at 1.97%. Furthermore, Conagra Brands Inc (CAG)’s beta value is 0.27, and its average true range (ATR) is 0.54.
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 -1.52% in last session, and over the past year, it shrunk by -11.57%%.
Data on historical trading for Conagra Brands Inc (NYSE:CAG) indicates that the trading volumes over the past 10 days have averaged 5.76 and over the past 3 months, they’ve averaged 5.03 million. According to company’s latest data on outstanding shares, there are 477.32 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 -8.79% 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.
