Andersons Inc. (NASDAQ: ANDE)’s stock price has gone decline by -8.35 in comparison to its previous close of 56.14, however, the company has experienced a -6.39% decrease in its stock price over the last five trading days. Zacks Investment Research reported 2024-05-08 that The Agriculture – Products industry is set to gain from solid demand. Stocks like WestFraser (WFG), CalMaine Foods (CALM), Andersons (ANDE) and Hydrofarm (HYFM) are poised to ride on this positive trend.
Is It Worth Investing in Andersons Inc. (NASDAQ: ANDE) Right Now?
Andersons Inc. (NASDAQ: ANDE) has a price-to-earnings ratio that is above its average at 14.52x. The stock has a 36-month beta value of 0.63. Opinions on the stock are mixed, with 2 analysts rating it as a “buy,” 0 as “overweight,” 3 as “hold,” and 0 as “sell.”
The public float for ANDE is 32.07M, and at present, short sellers hold a 2.38% of that float. On May 09, 2024, the average trading volume of ANDE was 179.57K shares.
ANDE’s Market Performance
The stock of Andersons Inc. (ANDE) has seen a -6.39% decrease in the past week, with a -10.27% drop in the past month, and a -0.33% fall in the past quarter. The volatility ratio for the week is 3.76%, and the volatility levels for the past 30 days are at 3.28% for ANDE. The simple moving average for the last 20 days is -9.88% for ANDE’s stock, with a simple moving average of -2.79% for the last 200 days.
Analysts’ Opinion of ANDE
Many brokerage firms have already submitted their reports for ANDE stocks, with ROTH MKM repeating the rating for ANDE by listing it as a “Buy.” The predicted price for ANDE in the upcoming period, according to ROTH MKM is $55 based on the research report published on June 22, 2023 of the previous year 2023.
Stephens, on the other hand, stated in their research note that they expect to see ANDE reach a price target of $48, previously predicting the price at $36. The rating they have provided for ANDE stocks is “Overweight” according to the report published on November 04th, 2021.
Lake Street gave a rating of “Buy” to ANDE, setting the target price at $42 in the report published on October 20th of the previous year.
ANDE Trading at -8.24% from the 50-Day Moving Average
After a stumble in the market that brought ANDE to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -16.29% of loss for the given period.
Volatility was left at 3.28%, however, over the last 30 days, the volatility rate increased by 3.76%, as shares sank -10.21% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -5.02% lower at present.
During the last 5 trading sessions, ANDE fell by -6.39%, which changed the moving average for the period of 200-days by +6.41% in comparison to the 20-day moving average, which settled at $56.80. In addition, Andersons Inc. saw -10.58% 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 ANDE starting from Bowe Patrick E., who sale 5,419 shares at the price of $60.56 back on Apr 23 ’24. After this action, Bowe Patrick E. now owns 79,740 shares of Andersons Inc., valued at $328,175 using the latest closing price.
Bowe Patrick E., the President & CEO of Andersons Inc., sale 3,387 shares at $60.01 during a trade that took place back on Apr 22 ’24, which means that Bowe Patrick E. is holding 85,159 shares at $203,254 based on the most recent closing price.
Stock Fundamentals for ANDE
Current profitability levels for the company are sitting at:
- 0.02 for the present operating margin
- 0.05 for the gross margin
The net margin for Andersons Inc. stands at 0.01. The total capital return value is set at 0.1. Equity return is now at value 9.19, with 3.30 for asset returns.
Based on Andersons Inc. (ANDE), the company’s capital structure generated 0.29 points at debt to capital in total, while cash flow to debt ratio is standing at 1.74. The debt to equity ratio resting at 0.4. The interest coverage ratio of the stock is 5.64.
Currently, EBITDA for the company is 378.21 million with net debt to EBITDA at 0.89. When we switch over and look at the enterprise to sales, we see a ratio of 0.15. The receivables turnover for the company is 19.36for trailing twelve months and the total asset turnover is 4.17. The liquidity ratio also appears to be rather interesting for investors as it stands at 2.04.
Conclusion
To sum up, Andersons Inc. (ANDE) has seen a bad performance recently. Analysts have differing views on the stock, with some seeing 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.
