Argan, Inc (NYSE: AGX) is 13.59% higher on its value in year-to-date trading and has touched a low of $43.44 and a high of $165.33 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 $150.13 in the last trading session, with the day’s gains setting it 5.54%.
Currently trading at $155.67, the stock is 7.69% and 6.21% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.49 million and changing 3.69% at the moment leaves the stock 64.40% off its SMA200. AGX registered 243.19% gain for a year compared to 6-month gain of 123.15%. The firm has a 50-day simple moving average (SMA 50) of $146.5724 and a 200-day simple moving average (SMA200) of $94.69265.
The stock witnessed a 5.81% loss in the last 1 month and extending the period to 3 months gives it a 44.39%, and is 13.59% 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 7.02% over the week and 5.30% over the month.
Argan, Inc (AGX) has around 1214 employees, a market worth around $2.11B and $806.26M in sales. Current P/E ratio is 32.60 and Fwd P/E is 29.10. Profit margin for the company is 8.20%. Distance from 52-week low is 258.36% and -5.84% from its 52-week high. The company has generated returns on investments over the last 12 months (20.11%).
The EPS is expected to grow by 111.51% this year
336.0 institutions hold shares in Argan, Inc (AGX), with institutional investors hold 98.09% of the company’s shares. The shares outstanding are 13.57M, and float is at 12.96M with Short Float at 4.42%. Institutions hold 91.09% 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
Still, SEC filings show that on Dec 18 ’24, Watson David Hibbert (PRESIDENT AND CEO) disposed off 10,000 shares at an average price of $146.05 for $1.46 million. The insider now directly holds 51,291 shares of Argan, Inc (AGX).
