Angiodynamic Inc (NASDAQ:ANGO) shares, rose in value on Friday, January 24, with the stock price down by -2.09% to the previous day’s close as strong demand from buyers drove the stock to $12.19.
Actively observing the price movement in the last trading, the stock closed the session at $12.45, falling within a range of $12.08 and $12.46. The value of beta (5-year monthly) was 0.673. Referring to stock’s 52-week performance, its high was $13.13, and the low was $5.26. On the whole, ANGO has fluctuated by 37.12% over the past month.
With the market capitalization of Angiodynamic Inc currently standing at about $493.28 million, investors are eagerly awaiting this quarter’s results, scheduled for in February.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 284.91M, with a low estimate of 69.6M and a high estimate of 71M. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 70.3M.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that ANGO’s technical picture suggests that short-term indicators denote the stock is a 100% Buy on average. However, medium-term indicators have put the stock in the category of 100% Buy while long-term indicators on average have been pointing out that it is a 100% Buy.
The stock’s technical analysis shows that the price of ANGO currently trading nearly 12.32% and 35.90% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 64.58, while the 7-day volatility ratio is showing 4.52% which for the 30-day chart, stands at 5.53%. Furthermore, Angiodynamic Inc (ANGO)’s beta value is 0.64, and its average true range (ATR) is 0.67.
A comparison of Angiodynamic Inc (ANGO) with its peers suggests the former has fared considerably weaker in the market. ANGO showed an intraday change of -2.09% in last session, and over the past year, it grew by 103.51%%.
Data on historical trading for Angiodynamic Inc (NASDAQ:ANGO) indicates that the trading volumes over the past 10 days have averaged 0.89 and over the past 3 months, they’ve averaged 629.55K. According to company’s latest data on outstanding shares, there are 40.84 million shares outstanding.
Nearly 4.75% of Angiodynamic Inc’s shares belong to company insiders and institutional investors own 79.27% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 1.0 million shares as on 2024-12-13, resulting in a short ratio of 1.8. According to the data, the short interest in Angiodynamic Inc (ANGO) stood at 300.00 of shares outstanding as of 2024-12-13; the number of short shares registered in 2024-11-15 reached 1.13 million. The stock has risen by 33.08% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the ANGO stock heading into the next quarter.
