In today’s recent session, 7.58 million shares of the AGNC Investment Corp (NASDAQ:AGNC) have been traded, and its beta is 1.46. Most recently the company’s share price was $9.52, and it changed around -$0.12 or -1.24% from the last close, which brings the market valuation of the company to $8.04B. AGNC at last check was trading at a discount to its 52-week high of $10.85, offering almost -13.97% off that amount. The share price’s 52-week low was $6.81, which indicates that the recent value has risen by an impressive 28.47% since then. We note from AGNC Investment Corp’s average daily trading volume that its 10-day average is 23.57 million shares, with the 3-month average coming to 16.19 million.
AGNC Investment Corp stock received a consensus recommendation rating of Hold, based on a mean score of 1.71. If we narrow it down even further, the data shows that 1 out of 9 analysts rate the stock as a Sell; another 0 rate it as Overweight. Among the rest, 7 recommended AGNC as a Hold, whereas 1 deemed it a Buy, and 0 rated it as Underweight. AGNC Investment Corp is expected to report earnings per share of 0.42 for the current quarter.
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AGNC Investment Corp (NASDAQ:AGNC) trade information
Instantly AGNC has been showing red trend so far today with a performance of -1.24% on intraday trading today. The performance over the last five days has remained in the red territory. The rise to weekly highs of 10.10 on recent trading dayincreased the stock’s daily price by 5.74%. The company’s shares are currently down -2.96% year-to-date, but still down -4.89% over the last five days. On the other hand, AGNC Investment Corp (NASDAQ:AGNC) is -8.99% down in the 30-day period. We can see from the shorts that 45.6 million shares have been sold at a short interest cover period of 2.79 day(s).
The consensus price target as assigned by Wall Street analysts is $11, which translates to bulls needing to increase their stock price by 13.45% from its current value. Analyst projections state that AGNC is forecast to be at a low of $8 and a high of $12.
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 risen 4.04 percent over the past six months and at a -25.67% annual growth rate that is well below the industry average of -15.20%. Moreover, analysts have decided to roll up on their fiscal year 2024 revenue estimates. The rating firms predict that it will loss -30.00% in revenue this quarter, and will report a decrease of -25.90% in the next quarter. The year-over-year growth rate is expected to be -125.40%, down from the previous year.
Consensus estimates provided by 8 financial analysts predict the company will bring in an average of 213.18M in revenue for the current quarter. 7 analysts expect AGNC Investment Corp to make 258.61M in revenue for the current ending quarter. The company’s sales for the same quarters a year ago were -26M and -30M respectively. Analysts predict that the company’s current quarter sales will drop, forecast at -919.90%. Forecasts for the next quarter put sales growth at -962.00%.
Looking at the company’s year-over-year earnings, the past five years showed a negative earnings growth rate of -24.53%. AGNC Investment Corp earnings are expected to increase by -25.06% in 2024, but the outlook is negative -3.56% per year for the next five years.
AGNC Dividends
AGNC Investment Corp’s next quarterly earnings report is expected to be released on 2025-Jan-20. The annual dividend yield of the stock is 15.13 percent and its annual dividend per share was 1.44. It is important to note, however, that the 15.13% dividend yield ratio should be regarded as a guide only, as many other factors should be taken into consideration before making any investment decision. The average dividend yield for the past five years averaged 12.72 per year.
AGNC Investment Corp (NASDAQ:AGNC)’s Major holders
Upon looking at major shareholders, it appears that insiders hold 0.41% of AGNC Investment Corp shares, and 37.00% of them are in the hands of institutional investors. The stock currently has a share float of 37.16%. AGNC Investment Corp stock is held by 599.0 institutions, with VANGUARD GROUP INC being the largest institutional investor. By 2024-06-30, it held 9.7079% of the shares, which is about 68.17 million shares worth $650.33 million.
BLACKROCK INC., with 5.2822% or 37.09 million shares worth $353.86 million as of 2024-06-30, 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 Jun 30, 2024. The former held 22.71 shares worth $215.64 million, making up 2.90% of all outstanding shares. On the other hand, Vanguard Small-Cap Index Fund held roughly 18.28 shares worth around $173.63 million, which represents about 2.34% of the total shares outstanding.
