During the recent session, Argan, Inc (NYSE:AGX)’s traded shares were 0.51 million, with the beta value of the company hitting 0.50. At the last check today, the stock’s price was $144.96, reflecting an intraday gain of 25.80% or $29.73. The 52-week high for the AGX share is $191.46, that puts it down -32.08 from that peak though still a striking 66.3% gain since the share price plummeted to a 52-week low of $48.85. The company’s market capitalization is $1.97B, and the average intraday trading volume over the past 10 days was 0.29 million shares, and the average trade volume was 417.38K shares over the past three months.
Argan, Inc (AGX) received a consensus recommendation of Buy from analysts. That translates to a mean rating of 2.00. AGX has a Sell rating from 0 analyst(s) out of 1 analysts who have looked at this stock. 0 analyst(s) recommend to Hold the stock while 0 suggest Overweight, and 1 recommend a Buy rating for it. 0 analyst(s) has rated the stock Underweight. Company’s earnings per share (EPS) for the current quarter are expected to be 1.07.
Argan, Inc (NYSE:AGX) trade information
Argan, Inc (AGX) registered a 25.80% upside in the last session and has traded in the green over the past 5 sessions. The stock spiked 25.80% in intraday trading to $144.96, hitting a weekly high. The stock’s 5-day price performance is 20.20%, and it has moved by 15.61% in 30 days. Based on these gigs, the overall price performance for the year is 190.79%. The short interest in Argan, Inc (NYSE:AGX) is 0.68 million shares and it means that shorts have 1.97 day(s) to cover.
The consensus price target of analysts on Wall Street is $85, which implies a decrease of -70.54% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $85 and $85 respectively. As a result, AGX is trading at a premium of 41.36% off the target high and 41.36% off the low.
Argan, Inc (AGX) estimates and forecasts
In the rating firms’ projections, revenue will increase 6.99% compared to the previous financial year.
As companies strive to predict their financial trajectories, we turn our attention to the forthcoming financial quarter. Here are the insights gathered from industry analysts. Revenue for the current quarter is expected to be 188.5M as predicted by 1 analyst(s). Meanwhile, a consensus of 1 analyst(s) estimates revenue growth to 207.7M by the end of current fiscal year. As per earnings report from last fiscal year’s results, sales for the corresponding quarters totaled 157.68M and 227.01M respectively. In this case, analysts expect current quarter sales to grow by 19.54% and then drop by -8.51% in the coming quarter.
An analysis of the company’s performance over the past 5 years shows that the company’s earnings shrunk an estimated -6.35%. While earnings are projected to return -10.98% in 2025, the next five years will return 14.70% per annum.
AGX Dividends
Argan, Inc is due to release its next quarterly earnings on 2025-Mar-26. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance. Investors should also take the other fundamental and operational aspects into account before investing in the stock. The forward dividend ratio for Argan, Inc is 1.35, with the dividend yield indicating at 0.93 percent, continuing the trend of increasing dividends in recent years. The average dividend yield of the company for the last 5 years is 2.22%.
Argan, Inc (NYSE:AGX)’s Major holders
Argan, Inc insiders own 7.02% of total outstanding shares while institutional holders control 89.41%, with the float percentage being 96.16%. BLACKROCK INC. is the largest shareholder of the company, while 372.0 institutions own stock in it. As of 2024-06-30, the company held over 1.25 million shares (or 9.2969% of all shares), a total value of $91.16 million in shares.
The next largest institutional holding, with 0.78 million shares, is of RIVER ROAD ASSET MANAGEMENT, LLC’s that is approximately 5.8257% of outstanding shares. At the market price on 2024-06-30, these shares were valued at $57.12 million.
Also, the Mutual Funds coming in first place with the largest holdings of Argan, Inc (AGX) shares are American Century ETF Trust-Avantis U.S. Small Cap Value ETF and VANGUARD INDEX FUNDS-Vanguard Total Stock Market Index Fund. Data provided on Feb 28, 2025 indicates that American Century ETF Trust-Avantis U.S. Small Cap Value ETF owns about 417.38 shares. This amounts to just over 3.07 percent of the company’s overall shares, with a $59.88 million market value. The same data shows that the other fund manager holds slightly less at 401.64, or about 2.96% of the stock, which is worth about $57.62 million.
