While Argan, Inc. has overperformed by 7.30%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, AGX rose by 180.86%, with highs and lows ranging from $122.69 to $39.74, whereas the simple moving average jumped by 93.11% in the last 200 days.
On September 22, 2020, CJS Securities Upgraded Argan, Inc. (NYSE: AGX) to Market Outperform. A report published by Lake Street on March 28, 2018, Upgraded its rating to ‘Buy’ for AGX. Lake Street also Downgraded AGX shares as ‘Hold’, setting a target price of $56 on the company’s shares in a report dated December 07, 2017. Lake Street Reiterated the rating as Buy on June 08, 2017, but set its price target from $70 to $71. Avondale December 08, 2016d its ‘Mkt Outperform’ rating to ‘Mkt Perform’ for AGX, as published in its report on December 08, 2016. Lake Street’s report from June 09, 2016 suggests a price prediction of $56 for AGX shares, giving the stock a ‘Buy’ rating. Wm Smith also rated the stock as ‘Not Rated’.
Analysis of Argan, Inc. (AGX)
It’s important to note that AGX shareholders are currently getting $1.20 per share in dividends, so investors will receive a return regardless of how the company performs. Further, the quarter-over-quarter increase in sales is 60.61%, showing a positive trend in the upcoming months.
Argan, Inc.’s future performance can be predicted by a variety of well-rounded types of analysis and research, with equity being one of the most crucial ones. The goal here is to ensure that your current return on equity of 14.69% is sufficient for you to turn a profit off your investment. Taking into account the quick ratio of the company, currently set at 1.61, you can see that the company can cover any debts it may have, which can easily be seen in the annual report of the company.
For any stock, average volume can be an extremely valuable indicator of volatility, and AGX is registering an average volume of 225.88K. On a monthly basis, the volatility of the stock is set at 4.08%, whereas on a weekly basis, it is put at 5.02%, with a gain of 15.44% over the past seven days. Furthermore, long-term investors anticipate a median target price of $82.50, showing decline from the present price of $129.28, which can serve as yet another indication of whether AGX is worth investing in or should be passed over.
How Do You Analyze Argan, Inc. Shares?
A giant in the Engineering & Construction market, Argan, Inc. (AGX) is based in the USA. When comparing Argan, Inc. shares with other companies under Industrials, the P/E value is an influential factor to note. This is because it represents an indication of the future growth of the company in terms of investors’ expectations. Ultimately, the value of the latter should demonstrate steady, rapid growth, which is an accurate measure of the company’s progress. In addition to the value of 40.63, there is a growth in quarterly earnings of 39.06%.
Besides checking the fundamentals, you should also know how many employees own shares in the company. This is because the values should be in line with investors’ expectations. As such, the current holdings of company stock inside the company are set at 4.50%. This can enable you to see the extent to which executives own the company’s stock. As opposed to executive stock, institutional ownership accounts for 84.04% of the company’s shares, contributing to an indication of company value, since large shareholders may signify strength within the organization.
AGX shares are owned by institutional investors to the tune of 84.04% at present.
