AGNC Investment Corp (NASDAQ:AGNC)’s traded shares stood at 2.64 million during the latest session, with the company’s beta value hitting 1.46. At the last check today, the stock’s price was $9.98, to imply an increase of 0.37% or $0.04 in intraday trading. The AGNC share’s 52-week high remains $10.85, putting it -8.72% down since that peak but still an impressive 31.76% since price per share fell to its 52-week low of $6.81. The company has a valuation of $8.42B, with an average of 18.63 million shares in intraday trading volume over the past 10 days and average of 15.80 million shares over the past 3 months.
Analysts have given a consensus recommendation of Buy for AGNC Investment Corp (AGNC), translating to a mean rating of 1.80. Of 15 analyst(s) looking at the stock, 0 analyst(s) give AGNC a Sell rating. 1 of those analysts rate the stock as Overweight while 4 advise Hold as 10 recommend it as a Buy. 0 analyst(s) have given it an Underweight rating. Estimates put the company’s current-quarter earnings per share at 0.44.
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AGNC Investment Corp (NASDAQ:AGNC) trade information
After registering a 0.37% upside in the latest session, AGNC Investment Corp (AGNC) has traded red over the past five days. The 5-day price performance for the stock is -5.88%, and -4.07% over 30 days. With these gigs, the year-to-date price performance is 1.70%. Short interest in AGNC Investment Corp (NASDAQ:AGNC) saw shorts transact 47.25 million shares and set a 2.87 days time to cover.
The extremes give us $8 and $12 for target low and target high price respectively. As such, AGNC has been trading -20.24% off suggested target high and 19.84% from its likely low.
AGNC Investment Corp (AGNC) estimates and forecasts
Looking at statistics comparing AGNC Investment Corp share performance against respective industry, we note that the company has underperformed competitors. AGNC Investment Corp (AGNC) shares are 6.93% up over the last 6 months, with its year-to-date growth rate lower than industry average at -25.29% against -16.00%. Revenue is forecast to shrink -26.70% this quarter before falling -24.10% for the next one. The rating firms project that company’s revenue will shrink -131.10% compared to the previous financial year.
Revenue forecast for the current quarter as set by 8 analysts is 216.56M. Meanwhile, for the current quarter, a total of 7 analyst(s) estimate revenue growth to 261.89M.Earnings reports from the last fiscal year show that sales brought in -26M and -30M respectively in the corresponding quarters. In this case, analysts estimate current quarter sales to fall -932.90% before dropping -973.00% in the following quarter.
An assessment of the company’s 5-year growth patterns shows that annual earnings shrunk an estimated -24.53% for the past 5-year period. While 2024 is set for a -24.56% return in earnings, projections for the next 5 years are at -2.30% annually.
AGNC Dividends
AGNC Investment Corp has its next earnings report out on 2025-Jan-20. However, it is important to take into account that this dividend yield ratio is just an indicator to only serve the purpose of guidance. Investors interested to invest in the stock should ponder company’s other fundamental and operations related aspects too. AGNC Investment Corp has a forward dividend ratio of 1.44, with the share yield ticking at 14.43% to continue the rising pattern observed over the past year. The company’s average dividend yield trailing the past 5-year period is 12.72%.
AGNC Investment Corp (NASDAQ:AGNC)’s Major holders
AGNC Investment Corp insiders hold 0.41% of total outstanding shares, with institutional holders owning 36.97% of the shares at 37.12% float percentage. In total, 36.97% institutions holds shares in the company, led by VANGUARD GROUP INC. As of 2024-06-30, the company held over 68.17 million shares (or 9.7079% of shares), all amounting to roughly $650.33 million.
The next major institution holding the largest number of shares is BLACKROCK INC. with 37.09 million shares, or about 5.2822% of shares outstanding. As of the market price on 2024-06-30, these shares were worth $353.86 million.
