Argan, Inc. (NYSE: AGX) is 175.91% higher on its value in year-to-date trading and has touched a low of $39.74 and a high of $129.98 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The AGX stock was last observed hovering at around $129.28 in the last trading session, with the day’s loss setting it -0.18%.
Currently trading at $129.10, the stock is 19.98% and 42.65% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.65 million and changing -0.14% at the moment leaves the stock 91.67% off its SMA200. AGX registered 176.74% gain for a year compared to 6-month gain of 111.67%. The firm has a 50-day simple moving average (SMA 50) of $90.5026 and a 200-day simple moving average (SMA200) of $67.35455.
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The stock witnessed a 46.06% loss in the last 1 month and extending the period to 3 months gives it a 70.93%, and is 14.23% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 5.72% over the week and 4.20% over the month.
Argan, Inc. (AGX) has around 1214 employees, a market worth around $1.74B and $713.01M in sales. Current P/E ratio is 40.57 and Fwd P/E is 25.49. Profit margin for the company is 6.11%. Distance from 52-week low is 224.86% and -0.68% from its 52-week high. The company has generated returns on investments over the last 12 months (14.14%).
The EPS is expected to grow by 78.66% this year
297.0 institutions hold shares in Argan, Inc. (AGX), with institutional investors hold 95.38% of the company’s shares. The shares outstanding are 13.24M, and float is at 12.89M with Short Float at 2.01%. Institutions hold 88.56% of the Float.
The top institutional shareholder in the company is BLACKROCK INC. with over 1.25 million shares valued at $91.16 million. The investor’s holdings represent 9.3993 of the AGX Shares outstanding. As of 2024-06-30, the second largest holder is RIVER ROAD ASSET MANAGEMENT, LLC with 0.78 million shares valued at $57.12 million to account for 5.8898 of the shares outstanding. The other top investors are VANGUARD GROUP INC which holds 0.76 million shares representing 5.6985 and valued at over $55.27 million, while DIMENSIONAL FUND ADVISORS LP holds 5.4009 of the shares totaling 0.72 million with a market value of $52.38 million.
Argan, Inc. (AGX) Insider Activity
Argan, Inc. disclosed in a document filed with the SEC on Sep 25 ’24 that Flanders Cynthia (Director) sold a total of 5,000 shares of the company’s common stock. The trade occurred on Sep 25 ’24 and was made at $96.39 per share for $0.48 million. Following the transaction, the insider now directly holds 17332.0 shares of the AGX stock.
Still, SEC filings show that on Sep 23 ’24, Leimkuhler William F. (Director) disposed off 10,000 shares at an average price of $96.20 for $0.96 million. The insider now directly holds 35,852 shares of Argan, Inc. (AGX).
