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AGNC Investment Corp (AGNC) Is Now En Route to Higher Prices

AGNC Investment Corp (NASDAQ: AGNC) is -2.45% lower on its value in year-to-date trading and has touched a low of $8.92 and a high of $10.85 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The AGNC stock was last observed hovering at around $9.65 in the last trading session, with the day’s loss setting it -0.08%.

Currently trading at $9.57, the stock is -0.65% and -2.11% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 15.97 million and changing -0.83% at the moment leaves the stock -2.77% off its SMA200. AGNC registered -1.64% loss for a year compared to 6-month loss of -1.64%. The firm has a 50-day simple moving average (SMA 50) of $9.7874 and a 200-day simple moving average (SMA200) of $9.84265.

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The stock witnessed a -0.10% gain in the last 1 month and extending the period to 3 months gives it a -10.23%, and is -0.42% down 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 1.33% over the week and 1.29% over the month.

AGNC Investment Corp (AGNC) has around 53 employees, a market worth around $8.48B and $417.00M in sales. Current P/E ratio is 6.70 and Fwd P/E is 5.63. Profit margin for the company is 246.04%. Distance from 52-week low is 7.29% and -11.80% from its 52-week high. The company has generated returns on investments over the last 12 months (10.55%).

with sales reaching $237.36M over the same period.The EPS is expected to shrink by -25.27% this year, but quarterly earnings will post 149.30% year-over-year. Quarterly sales are estimated to grow 1,012.93% in year-over-year returns.

AGNC Investment Corp (AGNC) Top Institutional Holders

644.0 institutions hold shares in AGNC Investment Corp (AGNC), with institutional investors hold 41.12% of the company’s shares. The shares outstanding are 885.64M, and float is at 879.37M with Short Float at 5.39%. Institutions hold 40.96% of the Float.

The top institutional shareholder in the company is VANGUARD GROUP INC with over 68.17 million shares valued at $650.33 million. The investor’s holdings represent 9.7079% of the AGNC Shares outstanding. As of 2024-06-30, the second largest holder is BLACKROCK INC. with 37.09 million shares valued at $353.86 million to account for 5.2822 of the shares outstanding. The other top investors are STATE STREET CORP which holds 13.74 million shares representing 1.9573% and valued at over $132.73 million, while GEODE CAPITAL MANAGEMENT, LLC holds 1.7176 of the shares totaling 12.06 million with a market value of $115.09 million.

AGNC Investment Corp (AGNC) Insider Activity

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AGNC Investment Corp disclosed in a document filed with the SEC on Aug 07 ’24 that Bell Bernice (EVP, CFO) sold a total of 5,000 shares of the company’s common stock. The trade occurred on Aug 07 ’24 and was made at $10.10 per share for $50500.0. Following the transaction, the insider now directly holds 0.3 million shares of the AGNC stock.

Still, SEC filings show that on Aug 08 ’24, Bell Bernice (EVP, CFO) disposed off 5,000 shares at an average price of $10.07 for $50350.0. The insider now directly holds 298,182 shares of AGNC Investment Corp (AGNC).

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