Conagra Brands Inc (NYSE:CAG) shares, rose in value on Thursday, February 13, with the stock price up by 0.89% to the previous day’s close as strong demand from buyers drove the stock to $24.98.
Actively observing the price movement in the last trading, the stock closed the session at $24.76. The PE ratio was 24.41 over 12-month period. Referring to stock’s 52-week performance, its high was $33.24, and the low was $24.18. On the whole, CAG has fluctuated by -4.11% over the past month.
With the market capitalization of Conagra Brands Inc currently standing at about $11.92 billion, investors are eagerly awaiting this quarter’s results, scheduled for in March. The company’s Forward Dividend Ratio is 1.40, with its dividend yield at 5.60%.
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 135.59, with the price of CAG currently trading nearly -1.70% and -5.93% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 40.44, while the 7-day volatility ratio is showing 2.47% which for the 30-day chart, stands at 2.27%. Furthermore, Conagra Brands Inc (CAG)’s beta value is 0.17, and its average true range (ATR) is 0.58.
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 0.89% in last session, and over the past year, it shrunk by -10.08%%.
Data on historical trading for Conagra Brands Inc (NYSE:CAG) indicates that the trading volumes over the past 3 months, they’ve averaged 5.50 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 88.45% of the company’s shares. The stock has fallen by -9.98% 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.
