Argan Inc. (AGX): Detailed Summary on Industrials Stock


Argan Inc. (NYSE:AGX) changes shares on Friday trading session, with a change of -0.73% or -$0.31 shares. The trading starts at $42.65 and closed at $42.42 throughout the day. The trading session low price was $41.35 and day high was $42.65 on Friday, June 19. After the session, the Industrials sector daily volume shifted to 0.17 million while its average volume is 178.69K. In other hand, the AGX market cap reached to $664.07M. While, its current target price is $42.11 according to WSJ.

Checking out the performance report which defines the increase or decrease of prices for a specific period. For the last 5 trading sessions, its performance is up 5.54% and up 13.75% for month. Its quarterly performance was 10.47% above, while its half year performance is up 4.13%. AGX yearly performance stood at positive 3.59% and rise 4.91% for year-to-date.

Earnings per share or EPS is an important financial measure, which defines the profitability of a company. AGX EPS (TTM) for 12-month is -1.14. EPS for this year is -182.40%, while for the next year its value is 4.03. Its EPS Q/Q reached 83.40%. It has an EPS of -27.20% down for past five years and for the next five years will be up 10.00%.

Let’s take a look on the analyst recommendations on AGX for the current month and previous month. For the current month, 0 of 1 analysts recommend stock as Buy while 0 as Sell, 0 as overweight, 0 as underweight and 1 as Hold. As compared with the previous month ratings, 0 analysts participate in stock recommendation. Out of 0, 0 rated it sell, 0 rated it as Buy and 0 as Hold Ratings. On the other hand, target price ranges from $50.00-$56.00. Average target price for AGX was reached at $53.00.

Wellington Management Company, LLP, River Road Asset Management, LLC and FMR, LLC are the top three holders in Argan Inc. (AGX) stock. On Mar 30, 2020, Wellington Management Company, LLP has 1.43 million shares which valued 49.51 million. On Mar 30, 2020, River Road Asset Management, LLC owned 1.39 million shares which valued at 48.14 million. On Mar 30, 2020, FMR, LLC has a total of 1.27 million shares which valued at 43.86 million. In the end, FMR, LLC have 8.11% shares outstanding of Argan Inc. (AGX) on Mar 30, 2020. The insider ownership moved to 3.00% and institutional holding shifted to 90.20%.

The company posted an EPS (TTM) of -1.14. According to the most recent quarter report on (Jul 2020), 2 analysts estimated an average EPS of 0.04, while 0.07 EPS posted a year ago period. Analyst Estimated EPS for AGX published in the report was 0.02-0.07 during the same period. Comparing with last year, the average estimated EPS was 0.07 which is higher than -0.05 which was posted for recent quarter EPS.

A brief look on simple moving average (SMA) that determines the market price can impact a market. The SMA for AGX rise 7.10% for period of 200 days. SMA for 50 days was 12.15% which is showing green signal, while SMA-20 was 6.05%. The moving average value for Argan Inc. (AGX) is 39.32 and 38.08 for 200 and 50 days respectively.

Let’s take a look on the insider transactions, in which multiple shareholders are showing interest in AGX stock. On Apr 17, Getsinger Peter W, Director, bought 1,000 trading shares at the cost of $35.10, which valued at 35100.0. On Dec 13, Watson David Hibbert, SVP & CFO, bought 1,000 shares at the cost of $35.79, with total shares of 3,700. On Dec 13, QUINN JAMES W, Director, bought 5,000 shares at the cost of 35.92. After this transaction, QUINN JAMES W total shares reached to 64,570 which valued at 0.18 million.