Adecoagro S.A (NYSE:AGRO) shares, rose in value on Friday, March 07, with the stock price up by 1.40% to the previous day’s close as strong demand from buyers drove the stock to $10.85.
Actively observing the price movement in the last trading, the stock closed the session at $10.70. The PE ratio was 7.22 over 12-month period. Referring to stock’s 52-week performance, its high was $12.07, and the low was $8.72. On the whole, AGRO has fluctuated by 12.44% over the past month.
With the market capitalization of Adecoagro S.A currently standing at about $1.13 billion, investors are eagerly awaiting this quarter’s results, scheduled for in April. The company’s Forward Dividend Ratio is 0.34, with its dividend yield at 3.15%.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that AGRO’s technical picture suggests that short-term indicators denote the stock is a 50% Buy on average. However, medium-term indicators have put the stock in the category of 50% Sell 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 AGRO currently trading nearly 3.86% and 9.06% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 62.92, while the 7-day volatility ratio is showing 2.02% which for the 30-day chart, stands at 2.29%. Furthermore, Adecoagro S.A (AGRO)’s beta value is 0.67, and its average true range (ATR) is 0.27.
A comparison of Adecoagro S.A (AGRO) with its peers suggests the former has fared considerably weaker in the market. AGRO showed an intraday change of 1.40% in last session, and over the past year, it grew by 8.39%%.
Data on historical trading for Adecoagro S.A (NYSE:AGRO) indicates that the trading volumes over the past 3 months, they’ve averaged 559.00K. According to company’s latest data on outstanding shares, there are 100.84 million shares outstanding.
Nearly 27.10% of Adecoagro S.A’s shares belong to company insiders and institutional investors own 60.47% of the company’s shares. The stock has risen by 15.06% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the AGRO stock heading into the next quarter.
