The stock of Avangrid Inc. (AGR) has seen a 3.01% increase in the past week, with a 2.28% gain in the past month, and a -8.27% decrease in the past quarter. The volatility ratio for the week is 1.52%, and the volatility levels for the past 30 days are at 1.55% for AGR. The simple moving average for the past 20 days is 1.68% for AGR’s stock, with a -11.13% simple moving average for the past 200 days.
Is It Worth Investing in Avangrid Inc. (NYSE: AGR) Right Now?
The price-to-earnings ratio for Avangrid Inc. (NYSE: AGR) is above average at 23.26x. The 36-month beta value for AGR is also noteworthy at 0.45. There are mixed opinions on the stock, with 1 analysts rating it as a “buy,” 0 rating it as “overweight,” 6 rating it as “hold,” and 2 rating it as “sell.”
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The average price estimated by analysts for AGR is $40.43, which is $5.37 above than the current price. The public float for AGR is 70.84M, and at present, short sellers hold a 6.33% of that float. The average trading volume of AGR on September 15, 2023 was 686.67K shares.
AGR) stock’s latest price update
Avangrid Inc. (NYSE: AGR)’s stock price has soared by 1.45 in relation to previous closing price of 34.46. Nevertheless, the company has seen a gain of 3.01% in its stock price over the last five trading days. Zacks Investment Research reported 2023-08-24 that Avangrid’s (AGR) latest solar project boosts its commitment to developing renewable projects. It helps it be on track to being the third largest renewable energy operator in the United States.
AGR Trading at -2.51% from the 50-Day Moving Average
After a stumble in the market that brought AGR to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -30.55% of loss for the given period.
Volatility was left at 1.55%, however, over the last 30 days, the volatility rate increased by 1.52%, as shares surge +1.42% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -7.90% lower at present.
During the last 5 trading sessions, AGR rose by +3.01%, which changed the moving average for the period of 200-days by -17.90% in comparison to the 20-day moving average, which settled at $34.41. In addition, Avangrid Inc. saw -18.66% in overturn over a single year, with a tendency to cut further losses.
Insider Trading
Reports are indicating that there were more than several insider trading activities at AGR starting from Solomont Alan D, who purchase 129 shares at the price of $38.78 back on Mar 01. After this action, Solomont Alan D now owns 9,490 shares of Avangrid Inc., valued at $5,003 using the latest closing price.
Solomont Alan D, the Director of Avangrid Inc., purchase 119 shares at $42.00 during a trade that took place back on Feb 01, which means that Solomont Alan D is holding 9,361 shares at $4,998 based on the most recent closing price.
Stock Fundamentals for AGR
Current profitability levels for the company are sitting at:
- +8.63 for the present operating margin
- +16.85 for the gross margin
The net margin for Avangrid Inc. stands at +11.00. The total capital return value is set at 2.36, while invested capital returns managed to touch 3.20. Equity return is now at value 3.00, with 1.40 for asset returns.
Based on Avangrid Inc. (AGR), the company’s capital structure generated 48.83 points at debt to equity in total, while total debt to capital is 32.81. Total debt to assets is 23.01, with long-term debt to equity ratio resting at 43.67. Finally, the long-term debt to capital ratio is 29.34.
When we switch over and look at the enterprise to sales, we see a ratio of 2.70, with the company’s debt to enterprise value settled at 0.35. The receivables turnover for the company is 5.29 and the total asset turnover is 0.20. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.73.
Conclusion
In summary, Avangrid Inc. (AGR) has had a mixed performance as of late. Analysts have mixed opinions on the stock, with some viewing it as a “buy” and others as a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
