The price-to-earnings ratio for Argan, Inc (NYSE: AGX) is 40.99x, which is above its average ratio. Moreover, the 36-month beta value for AGX is 0.51. Analysts have varying opinions on the stock, with 1 analysts rating it as a “buy,” 0 as “overweight,” 2 as “hold,” and 0 as “sell.”
The public float for AGX is 12.91M and currently, short sellers hold a 3.14% of that float. On November 15, 2024, AGX’s average trading volume was 277.83K shares.
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AGX) stock’s latest price update
The stock price of Argan, Inc (NYSE: AGX) has plunged by -12.61 when compared to previous closing price of 149.23, but the company has seen a -16.02% decline in its stock price over the last five trading sessions. 247wallst.com reported 2024-10-31 that 24/7 Wall St. Insights Argan Inc. (NYSE: AGX) just rewarded its shareholders with a 25% dividend hike.
AGX’s Market Performance
Argan, Inc (AGX) has seen a -16.02% fall in stock performance for the week, with a 1.02% gain in the past month and a 77.08% surge in the past quarter. The volatility ratio for the week is 4.76%, and the volatility levels for the past 30 days are at 4.58% for AGX. The simple moving average for the last 20 days is -6.18% for AGX stock, with a simple moving average of 69.08% for the last 200 days.
Analysts’ Opinion of AGX
Lake Street, on the other hand, stated in their research note that they expect to see AGX reach a price target of $56. The rating they have provided for AGX stocks is “Buy” according to the report published on March 28th, 2018.
Lake Street gave a rating of “Hold” to AGX, setting the target price at $56 in the report published on December 07th of the previous year.
AGX Trading at 10.98% from the 50-Day Moving Average
After a stumble in the market that brought AGX to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -19.88% of loss for the given period.
Volatility was left at 4.58%, however, over the last 30 days, the volatility rate increased by 4.76%, as shares surge +1.77% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +45.68% upper at present.
During the last 5 trading sessions, AGX fell by -15.60%, which changed the moving average for the period of 200-days by +185.81% in comparison to the 20-day moving average, which settled at $139.05. In addition, Argan, Inc saw 178.73% 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 AGX starting from Griffin William F Jr, who sale 7,500 shares at the price of $136.09 back on Oct 30 ’24. After this action, Griffin William F Jr now owns 11,650 shares of Argan, Inc, valued at $1,020,675 using the latest closing price.
Griffin William F Jr, the Director of Argan, Inc, proposed sale 7,500 shares at $136.09 during a trade that took place back on Oct 31 ’24, which means that Griffin William F Jr is holding shares at $1,020,642 based on the most recent closing price.
Stock Fundamentals for AGX
Current profitability levels for the company are sitting at:
- 0.06 for the present operating margin
- 0.13 for the gross margin
The net margin for Argan, Inc stands at 0.06. The total capital return value is set at 0.14. Equity return is now at value 14.69, with 7.07 for asset returns.
Currently, EBITDA for the company is 38.86 million with net debt to EBITDA at -4.86. When we switch over and look at the enterprise to sales, we see a ratio of 2.1. The receivables turnover for the company is 5.04for trailing twelve months and the total asset turnover is 0.98. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.63.
Conclusion
To wrap up, the performance of Argan, Inc (AGX) has been better in recent times. The stock has received a mixed of “buy” and “hold” ratings from analysts. 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.
