AGNC Investment Corp (NASDAQ:AGNC) price on Thursday, May 22, rose 0.11% above its previous day’s close as an upside momentum from buyers pushed the stock’s value to $8.81.
A look at the stock’s price movement, the close in the last trading session was $8.80. The PE ratio in trailing twelve months stood at 22.50. Turning to its 52-week performance, $10.85 and $7.85 were the 52-week high and 52-week low respectively. Overall, AGNC moved 2.32% over the past month.
AGNC Investment Corp’s market cap currently stands at around $8.99 billion, with investors looking forward to this quarter’s earnings report slated for in June. The company has a Forward Dividend ratio of 1.44, with its dividend yield at 16.35%. As such, investors might be keen on an upside in the stock’s price ahead of the scheduled earnings report.
Analysts have a consensus estimate of 447.37M for the company’s revenue for the quarter, with a low and high estimate of 400.2M and 492.92M respectively. The average forecast suggests up to a 15,012.44% growth in sales growth compared to quarterly growth in the same period last fiscal year. Wall Street analysts have also projected the company’s year-on-year revenue to grow to 1.51B, representing a 8,294.37% jump on that reported in the last financial year.
Turning to the stock’s technical picture we see that short term indicators suggest on average that AGNC is a 100% Sell. On the other hand, the stock is on average a 100% Sell as suggested by medium term indicators while long term indicators are putting the stock in 100% Sell category.
15 analyst(s) have given their forecast ratings for the stock on a scale of 1.00-5.00 for a strong buy to strong sell recommendation. A total of 4 analyst(s) rate the stock as a Hold, 10 recommend AGNC as a Buy and 1 give it an Overweight rating. Meanwhile, 0 analyst(s) rate the stock as Underweight and 0 say it is a Sell. As such, the average rating for the stock is Buy which could provide an opportunity for investors keen on increasing their holdings of the company’s stock.
AGNC’s current price about -1.26% and -3.45% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 45.40, while 7-day volatility ratio is 2.23% and 1.60% in the 30-day chart. Further, AGNC Investment Corp (AGNC) has a beta value of 1.28, and an average true range (ATR) of 0.23. Analysts have given the company’s stock an average 52-week price target of $10, forecast between a low of $10 and high of $10. Looking at the price targets, the low is -13.51% off current price level while to achieve the yearly target high, price needs to move -13.51%. Nonetheless, investors will most likely welcome a -13.51% jump to $10 which is the analysts’ median price.
If we refocus on AGNC Investment Corp (NASDAQ:AGNC), historical trading data shows that trading volumes averaged 31.55 million over the past 3 months. The company’s latest data on shares outstanding shows there are 1.02 billion shares.
The 0.78% of AGNC Investment Corp’s shares are in the hands of company insiders while institutional holders own 41.47% of the company’s shares. Current price change has pushed the stock -4.34% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the AGNC stock continues to rise going into the next quarter.
