Wall Street analysts’ outlook for Argan, Inc. (AGX)

With 0.65 million shares changed hands, the volume of the stock remained heavier than its average volume of 0.23 million shares. During the session, the Engineering & Construction company that operates in wider Industrials sector, reached to the highest price of $135.6599 whereas the lowest price it dropped to was $128.1908. The 52-week range on AGX shows that it touched its highest point at $129.98 and its lowest point at $39.74 during that stretch. It currently has a 1-year price target of $82.50. With its current market cap of 1.74 billion, AGX has annualized dividend of $1.20 while the current yield stands at 0.93%. Beta for the stock currently stands at 0.52.

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Price Performance and Earnings:

Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of AGX was up-trending over the past week, with a rise of 14.23%, but this was up by 46.06% over a month. Three-month performance surged to 70.93% while six-month performance rose 111.67%. The stock gained 176.74% in the past year, while it has gained 175.91% so far this year. A look at the trailing 12-month EPS for AGX yields 3.18 with Next year EPS estimates of 5.07. For the next quarter, that number is 1.26. This implies an EPS growth rate of 78.66% for this year and 18.62% for next year. EPS is expected to grow by 10.00% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of -6.35%.

Float and Shares Shorts:

At present, 13.24 million AGX shares are outstanding with a float of 12.89 million shares on hand for trading. On 2024-09-30, short shares totaled 0.26 million, which was 191.99999 higher than short shares on 1724976000. In addition to Mr. David Hibbert Watson CPA as the firm’s CEO, President & Director, Mr. Charles Edwin Collins IV serves as its Chief Executive Officer of Gemma Power Systems, LLC.

Institutional Ownership:

Through their ownership of 0.88558 of AGX’s outstanding shares, institutional investors have minority control over the company.

An Overview of Recent Financials:

Understanding a company as a customer does not mean you will understand it as an investor. The wise investor uses quantitative research to analyze metrics such as revenue, net income, and earnings. In its fiscal quarter reported on 2024-07-31, AGX reported revenue of $227015000.0 and operating income of $18677000.0. The EBITDA in the recently reported quarter was $19238000.0 and diluted EPS was $1.31.

Analysts Ratings:

Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for AGX since 0 analysts follow the stock currently. In the same way, a target price assigned to a stock can also reveal much about its potential.