The stock of Agilent Technologies Inc. (NYSE: A) has increased by 1.54 when compared to last closing price of 137.38. Despite this, the company has experienced a 6.77% gain in its stock price over the last five trading sessions. zacks.com reported 2024-07-22 that Agilent (A) unveils its new ProteoAnalyzer system in a bid to strengthen its Diagnostics and Genomics Group segment.
Is It Worth Investing in Agilent Technologies Inc. (NYSE: A) Right Now?
The price-to-earnings ratio for Agilent Technologies Inc. (NYSE: A) is 32.96x, which is above its average ratio. Moreover, the 36-month beta value for A is 1.04. Analysts have varying opinions on the stock, with 4 analysts rating it as a “buy,” 7 as “overweight,” 3 as “hold,” and 0 as “sell.”
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The public float for A is 290.54M and currently, short sellers hold a 0.95% of that float. On July 31, 2024, A’s average trading volume was 2.06M shares.
A’s Market Performance
The stock of Agilent Technologies Inc. (A) has seen a 6.77% increase in the past week, with a 7.61% rise in the past month, and a -0.07% fall in the past quarter. The volatility ratio for the week is 2.71%, and the volatility levels for the past 30 days are at 2.41% for A. The simple moving average for the past 20 days is 6.50% for A’s stock, with a 5.27% simple moving average for the past 200 days.
Analysts’ Opinion of A
Many brokerage firms have already submitted their reports for A stocks, with Citigroup repeating the rating for A by listing it as a “Buy.” The predicted price for A in the upcoming period, according to Citigroup is $150 based on the research report published on July 10, 2024 of the current year 2024.
Jefferies gave a rating of “Hold” to A, setting the target price at $135 in the report published on June 03rd of the current year.
A Trading at 3.14% from the 50-Day Moving Average
After a stumble in the market that brought A to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -10.21% of loss for the given period.
Volatility was left at 2.41%, however, over the last 30 days, the volatility rate increased by 2.71%, as shares surge +9.49% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -9.60% lower at present.
During the last 5 trading sessions, A rose by +6.77%, which changed the moving average for the period of 200-days by +23.03% in comparison to the 20-day moving average, which settled at $131.58. In addition, Agilent Technologies Inc. saw 0.33% in overturn over a single year, with a tendency to cut further gains.
Insider Trading
Reports are indicating that there were more than several insider trading activities at A starting from MCDONNELL PADRAIG, who proposed sale 1,958 shares at the price of $140.00 back on Jul 26 ’24. After this action, MCDONNELL PADRAIG now owns shares of Agilent Technologies Inc., valued at $274,120 using the latest closing price.
MCDONNELL PADRAIG, the President and CEO of Agilent Technologies Inc., sale 1,958 shares at $140.00 during a trade that took place back on Jul 26 ’24, which means that MCDONNELL PADRAIG is holding 26,076 shares at $274,120 based on the most recent closing price.
Stock Fundamentals for A
Current profitability levels for the company are sitting at:
- 0.2 for the present operating margin
- 0.51 for the gross margin
The net margin for Agilent Technologies Inc. stands at 0.19. The total capital return value is set at 0.15. Equity return is now at value 20.71, with 11.47 for asset returns.
Based on Agilent Technologies Inc. (A), the company’s capital structure generated 0.3 points at debt to capital in total, while cash flow to debt ratio is standing at 0.7. The debt to equity ratio resting at 0.44. The interest coverage ratio of the stock is 14.82.
Currently, EBITDA for the company is 1.71 billion with net debt to EBITDA at 0.76. When we switch over and look at the enterprise to sales, we see a ratio of 6.36. The receivables turnover for the company is 5.28for trailing twelve months and the total asset turnover is 0.61. The liquidity ratio also appears to be rather interesting for investors as it stands at 2.15.
Conclusion
To wrap up, the performance of Agilent Technologies Inc. (A) has been better in recent times. The stock has received a bullish of “buy” and “hold” ratings from analysts. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
