In the last trading session, 10.64 million shares of the AGNC Investment Corp. (NASDAQ:AGNC) were traded, and its beta was 1.22. Most recently the company’s share price was $9.01, and it changed around -$0.16 or -1.74% from the last close, which brings the market valuation of the company to $5.41B. AGNC currently trades at a discount to its 52-week high of $12.89, offering almost -43.06% off that amount. The share price’s 52-week low was $7.30, which indicates that the current value has risen by an impressive 18.98% since then. We note from AGNC Investment Corp.’s average daily trading volume that its 10-day average is 8.01 million shares, with the 3-month average coming to 11.17 million.
AGNC Investment Corp. stock received a consensus recommendation rating of an Overweight, based on a mean score of 2.40. If we narrow it down even further, the data shows that 0 out of 13 analysts rate the stock as a Sell; another 1 rate it as Overweight. Among the rest, 6 recommended AGNC as a Hold, whereas 6 deemed it a Buy, and 0 rated it as Underweight. AGNC Investment Corp. is expected to report earnings per share of $0.62 for the current quarter.
Top 5 EV Tech Stocks to Buy for 2023
According a new report published by BloombergNEF on investment in the energy transition, annual spending on passenger EVs hit $388 billion in 2022, up 53% from the year before. Like we said, the boom is accelerating – and the time to buy EV-related tech stocks is now.
Click Here to Download the FREE Report.
AGNC Investment Corp. (NASDAQ:AGNC) trade information
Instantly AGNC has showed a red trend with a performance of -1.74% at the end of last trading. The performance over the last five days has remained in the red territory. The rise to weekly highs of 9.36 on Tuesday, 05/23/23 increased the stock’s daily price by 3.74%. The company’s shares are currently down -12.95% year-to-date, but still down -0.11% over the last five days. On the other hand, AGNC Investment Corp. (NASDAQ:AGNC) is -10.35% down in the 30-day period. We can see from the shorts that 30.17 million shares have been sold at a short interest cover period of 2.9 day(s).
The consensus price target as assigned by Wall Street analysts is $10.43, which translates to bulls needing to increase their stock price by 13.61% from its current value. Analyst projections state that AGNC is forecast to be at a low of $9.50 and a high of $11.25. In order for the stock price to hit the forecast high, the stock would need to plunge -24.86% from its current level, while the stock would need to crash -5.44% from its current level to reach the projected low.
AGNC Investment Corp. (AGNC) estimates and forecasts
AGNC Investment Corp. share prices are performing particularly well not compared to other companies within the same industry. As is evident from the statistics, the company’s shares have fallen -1.31 percent over the past six months and at a -24.12% annual growth rate that is well below the industry average of -13.60%. Moreover, analysts have decided to roll up on their fiscal year 2023 revenue estimates. The rating firms predict that it will loss -25.30% in revenue this quarter, and will report a decrease of -28.60% in the next quarter. The year-over-year growth rate is expected to be 16.10%, up from the previous year.
Consensus estimates provided by 4 financial analysts predict the company will bring in an average of $378.86 million in revenue for the current quarter. 4 analysts expect AGNC Investment Corp. to make $354.11 million in revenue for the quarter ending Sep 2023. The company’s sales for the same quarters a year ago were $315 million and $441.36 million respectively. Analysts predict that the company’s current quarter sales will jump, forecast at 20.30%. Forecasts for the next quarter put sales growth at -19.80%.
Looking at the company’s year-over-year earnings, the past five years showed a negative earnings growth rate of -26.00%. AGNC Investment Corp. earnings are expected to increase by -296.90% in 2023, but the outlook is negative -1.81% per year for the next five years.
AGNC Investment Corp.’s next quarterly earnings report is expected to be released around July 24 and July 28. The annual dividend yield of the stock is 15.98 percent and its annual dividend per share was 1.44. It is important to note, however, that the 15.98% dividend yield ratio should be regarded as a guide only, as many other factors should be taken into consideration before making any investment decision.
AGNC Investment Corp. (NASDAQ:AGNC)’s Major holders
Upon looking at major shareholders, it appears that insiders hold 0.60% of AGNC Investment Corp. shares, and 45.45% of them are in the hands of institutional investors. The stock currently has a share float of 45.73%. AGNC Investment Corp. stock is held by 572 institutions, with Vanguard Group, Inc. (The) being the largest institutional investor. By Mar 30, 2023, it held 9.35% of the shares, which is about 55.7 million shares worth $561.45 million.
Blackrock Inc., with 5.59% or 33.3 million shares worth $335.69 million as of Mar 30, 2023, holds the second largest percentage of outstanding shares.
Vanguard Total Stock Market Index Fund and Vanguard Small-Cap Index Fund were the top two Mutual Funds as of Dec 30, 2022. The former held 17.43 million shares worth $180.38 million, making up 3.03% of all outstanding shares. On the other hand, Vanguard Small-Cap Index Fund held roughly 14.73 million shares worth around $152.43 million, which represents about 2.56% of the total shares outstanding.