While Argan, Inc has underperformed by -0.52%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, AGX rose by 249.89%, with highs and lows ranging from $165.33 to $39.74, whereas the simple moving average jumped by 72.02% in the last 200 days.
On December 03, 2024, Lake Street Downgraded Argan, Inc (NYSE: AGX) to Hold. A report published by CJS Securities on September 22, 2020, Upgraded its rating to ‘Market Outperform’ for AGX. Lake Street also Upgraded AGX shares as ‘Buy’, setting a target price of $56 on the company’s shares in a report dated March 28, 2018. Lake Street December 07, 2017d the rating to Hold on December 07, 2017, and set its price target from $71 to $56. Lake Street resumed its ‘Buy’ rating for AGX, as published in its report on June 08, 2017. Lake Street also rated the stock as ‘Buy’.
Analysis of Argan, Inc (AGX)
The current dividend for AGX investors is set at $1.28 per share, indicating investors will get a return regardless of how the company performs over the next quarter. Further, the quarter-over-quarter increase in sales is 56.95%, showing a positive trend in the upcoming months.
There are several well-rounded types of analysis and research techniques that can be used to gain a clear view of Argan, Inc’s future performance, with equity being one of the most critical indicators. The goal here is to ensure that your current return on equity of 21.55% is sufficient for you to turn a profit off your investment. Taking into account the quick ratio of the company, currently set at 1.64, 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.
As an indicator of volatility for any stock, average volume can also be very valuable, and AGX is recording an average volume of 304.54K. On a monthly basis, the volatility of the stock is set at 6.35%, whereas on a weekly basis, it is put at 7.87%, with a loss of -6.27% over the past seven days. Furthermore, long-term investors anticipate a median target price of $150.00, showing growth from the present price of $146.36, 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?
Argan, Inc (AGX) is based in the USA and is one of the most prominent companies operating in the Engineering & Construction market. 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 30.65, there is a growth in quarterly earnings of 395.26%.
Apart from looking at the fundamentals, you should also pay attention to the number of company employees who own shares. 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 4.39%. 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 86.47% 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 86.47% at present.
