Conagra Brands Inc (NYSE:CAG) shares, rose in value, with the stock price up by 0.30% to the previous day’s close as strong demand from buyers drove the stock to $22.74.
Actively observing the price movement in the recent trading, the stock is buoying the session at $22.67. The PE ratio was 33.27 over 12-month period. Referring to stock’s 52-week performance, its high was $33.24, and the low was $21.98. On the whole, CAG has fluctuated by -7.98% over the past month.
With the market capitalization of Conagra Brands Inc currently standing at about $10.85 billion, investors are eagerly awaiting this quarter’s results, scheduled for in June. The company’s Forward Dividend Ratio is 1.40, with its dividend yield at 6.16%.
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 price of CAG currently trading nearly -0.86% and -7.29% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 40.43, while the 7-day volatility ratio is showing 1.31% which for the 30-day chart, stands at 1.33%. Furthermore, Conagra Brands Inc (CAG)’s beta value is 0.13, and its average true range (ATR) is 0.51.
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 0.30% in today’s session so far, and over the past year, it shrunk by -23.52%%.
Data on historical trading for Conagra Brands Inc (NYSE:CAG) indicates that the trading volumes over the past 3 months, they’ve averaged 6.59 million. According to company’s latest data on outstanding shares, there are 477.36 million shares outstanding.
Nearly 0.55% of Conagra Brands Inc’s shares belong to company insiders and institutional investors own 87.69% of the company’s shares. The stock has fallen by -18.06% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the CAG stock heading into the next quarter.
