As of Wednesday close, Avangrid Inc.’s (NYSE:AGR) stock was up $0.32, moving up 0.76 percent to $42.33. The average number of shares traded per day over the past five days has been 541,060 shares. 5 times new highs have been achieved over the past 5 days, with a $1.51 gain in that time frame. In the last twenty days, the average volume was 570,500, while in the previous 50 days, it was 725,740.
Since last month, AGR stock rose 3.78%. Shares of the company fell to $38.83 on 11/07/22, the lowest level in the past month. A 52-week high of $52.51 was reached on 08/17/22 after having rallying from a 52-week low of $37.64. Since the beginning of this year, AGR’s stock price has dropped by -15.14% or -$7.55, and marked a new high 7 times. However, the stock has declined by -19.39% since its 52-week high.
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AGR stock investors should be aware that Avangrid Inc. (AGR) stock had its last reported insider trading activity 23 days ago on Nov 01. Solomont Alan D, the Director of the company, purchased of 123 shares for $40.73 on Nov 01. It resulted in a $5,010 investment by the insider. Solomont Alan D added 120 shares at an average price of $42.33 on Oct 03. The insider now owns 8,885 shares following the transaction. On Sep 01, Director Solomont Alan D bought 102 shares at $49.07 apiece. The transaction was valued at $5,005.
Right now, Avangrid Inc. (AGR) has a P/E ratio of about 18.26. The stock’s beta is 0.40. Besides these, the trailing price-to-sales (P/S) ratio of 2.06, the price-to-book (PB) ratio of 0.85.
The latest dividend of $0.44 per share was paid out, remained unchanged from last year’s $0.44. On Thursday July 12 2018, a $0.0080 dividend increase was announced.
In the three months ended September 29, Avangrid Inc.’s quick ratio stood at 0.60, while its current ratio was 0.70, showing that the company is not able to pay off its debt. According to company report, the long-term debt-to-equity ratio for the quarter ending September 29 was 0.40, and the total debt-to-equity ratio was 0.44. On the profitability front, the trailing twelve-month gross margin is 69.50% percent. In the year ended September 29, operating margins totaled 11.10%. Based on annual data, AGR earned $895.0 million in gross profit and brought in $6.97 billion in revenue.
A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was 3.20%. Return on equity (ROE) for the past 12 months was 4.70%.
In Avangrid Inc.’s quarter-end financial report for September 29, it reported total debt of $7.76 billion. According to the earnings report, the company had a higher net income in the recent quarter than it did in the previous quarter. AGR’s revenue rose 13.06% to $1.79 billion during the quarter, while net income inched up to $1.84 billion. While analysts expected Avangrid Inc. to report $0.34 quarterly earnings, the actual figure was $0.31 per share, beating the consensus estimate by -8.80%. During the quarter, the company generated $351.0 million in EBITDA. The liabilities of Avangrid Inc. were 19.57 billion at the end of its most recent quarter ended September 29, and its total debt was $8.75 billion. The value of shareholders’ equity is $386.62 million.
This quick technical analysis looks at Avangrid Inc.’s (AGR) price momentum. With a historical volatility rate of 30.40%, the RSI 9-day stood at 65.96% on 23 November.
With respect to its five-day moving average, the current Avangrid Inc. price is up by +3.70% percent or $1.51. At present, AGR shares trade +5.85% above its 20-day simple moving average and -7.27% percent below its 100-day simple moving average. However, the stock is currently trading approximately -15.27% below its SMA50 and -7.39% below its SMA200.
Stochastic coefficient K was 91.43% and Stochastic coefficient D was 86.74%, while ATR was 0.92. Given the Stochastic reading of 100.00% for the 14-day period, the RSI (14) reading has been calculated as 58.46%. As of today, the MACD Oscillator reading stands at 0.64, while the 14-day reading stands at 1.08.
Mizuho upgraded its rating on Avangrid Inc. (NYSE: AGR) to a Neutral in a note to investors on October 14, 2022. The analysts firm previously had an Underperform rating on the stock.Avangrid Inc. (AGR) has been rated Underweight by analysts. According to 3 brokerage firms, AGR is a sell, and 4 firms recommend it is a Hold. There are 1 analyst who say the stock is underweight. A total of 0 analysts rate Avangrid Inc. stock as buy, with 0 recommending it as overweight.
With a median target price of $41.00, the current consensus forecast for the stock is $35.00 – $45.00. Based on these forecasts, analysts predict Avangrid Inc. (AGR) will achieve an average price target of $40.43.