Argan, Inc (NYSE:AGX)’s traded shares stood at 0.8 million during the last session, with the company’s beta value hitting 0.52. At the close of trading, the stock’s price was $147.12, to imply a decrease of -1.14% or -$1.7 in intraday trading. The AGX share’s 52-week high remains $165.33, putting it -12.38% down since that peak but still an impressive 72.99% since price per share fell to its 52-week low of $39.74. The company has a valuation of $1.99B, with an average of 0.27 million shares in intraday trading volume over the past 10 days and average of 312.65K shares over the past 3 months.
Analysts have given a consensus recommendation of Buy for Argan, Inc (AGX), translating to a mean rating of 3.00. Of 1 analyst(s) looking at the stock, 0 analyst(s) give AGX a Sell rating. 0 of those analysts rate the stock as Overweight while 0 advise Hold as 1 recommend it as a Buy.
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Argan, Inc (NYSE:AGX) trade information
After registering a -1.14% downside in the last session, Argan, Inc (AGX) has traded red over the past five days. The 5-day price performance for the stock is -5.66%, and -6.79% over 30 days. With these gigs, the year-to-date price performance is 214.43%. Short interest in Argan, Inc (NYSE:AGX) saw shorts transact 0.45 million shares and set a 1.22 days time to cover.
The extremes give us $85 and $85 for target low and target high price respectively. As such, AGX has been trading 42.22% off suggested target high and 42.22% from its likely low.
Argan, Inc (AGX) estimates and forecasts
An assessment of the company’s 5-year growth patterns shows that annual earnings shrunk an estimated -6.35% for the past 5-year period. While 2024 is set for a 111.51% return in earnings, projections for the next 5 years are at 10.00% annually.
AGX Dividends
Argan, Inc has its next earnings report out in January. 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. Argan, Inc has a forward dividend ratio of 1.27, with the share yield ticking at 0.87% to continue the rising pattern observed over the past year. The company’s average dividend yield trailing the past 5-year period is 2.3%.
Argan, Inc (NYSE:AGX)’s Major holders
Argan, Inc insiders hold 7.14% of total outstanding shares, with institutional holders owning 91.09% of the shares at 98.09% float percentage. In total, 91.09% institutions holds shares in the company, led by BLACKROCK INC. As of 2024-06-30, the company held over 1.25 million shares (or 9.3993% of shares), all amounting to roughly $91.16 million.
The next major institution holding the largest number of shares is RIVER ROAD ASSET MANAGEMENT, LLC with 0.78 million shares, or about 5.8898% of shares outstanding. As of the market price on 2024-06-30, these shares were worth $57.12 million.
