Argan, Inc (NYSE:AGX) shares, rose in value on Wednesday, June 18, with the stock price down by -3.10% to the previous day’s close as strong demand from buyers drove the stock to $206.22.
Actively observing the price movement in the last trading, the stock closed the session at $212.82. The PE ratio was 28.95 over 12-month period. Referring to stock’s 52-week performance, its high was $246.60, and the low was $63.53. On the whole, AGX has fluctuated by 9.12% over the past month.
With the market capitalization of Argan, Inc currently standing at about $2.81 billion, investors are eagerly awaiting this quarter’s results, scheduled for in July. The company’s Forward Dividend Ratio is 1.43, with its dividend yield at 0.69%.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that AGX’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 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 PEG ratio is about 1.70, with the price of AGX currently trading nearly -3.76% and 14.12% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 51.30, while the 7-day volatility ratio is showing 1.48% which for the 30-day chart, stands at 4.11%. Furthermore, Argan, Inc (AGX)’s beta value is 0.54, and its average true range (ATR) is 11.41.
A comparison of Argan, Inc (AGX) with its peers suggests the former has fared considerably weaker in the market. AGX showed an intraday change of -3.10% in last session, and over the past year, it grew by 168.52%%.
Data on historical trading for Argan, Inc (NYSE:AGX) indicates that the trading volumes over the past 3 months, they’ve averaged 439.67K. According to company’s latest data on outstanding shares, there are 13.64 million shares outstanding.
Nearly 4.82% of Argan, Inc’s shares belong to company insiders and institutional investors own 85.09% of the company’s shares. The stock has risen by 50.48% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the AGX stock heading into the next quarter.
