The stock of AGNC Investment Corp. (NASDAQ:AGNC) decreased by -$0.17 on Monday to finish at $9.68, down -1.73 percent. The last five days have seen an average of 10,271,939 shares of common stock traded. 13 times new highs were reached in the current year, with a fall of -$0.67. The average number of shares traded over the last 20 days was 11,482,920, while the average volume over the last 50 days totaled 10,321,342.
AGNC stock dropped -4.44% since last month. On 08/14/23, the company’s shares reached a one-month low of $9.61. The stock touched a high of $12.85 on 02/02/23, after rallying from a low of $7.30 in 52 weeks. The price of AGNC stock has declined by -6.47% or -$0.67 this year, reaching a new high 13 times. Still, the stock price is down -24.67% from the 52-week high.
Insider Transactions
AGNC stock investors should be aware that AGNC Investment Corp. (AGNC) stock had its last reported insider trading activity 19 days ago on Jul 27. On Jul 27, Director Davis Morris A. acquired 4,772 shares at $10.48 each. This transaction resulted in the insider spending $49,991. On May 24, Reid Sean added 11,000 shares at a price of US$8.91. After the transaction, the insider now owns 11,000 shares. Director Larocca Prue had earlier sold 12,000 shares on May 16 for $9.07 a share. The transaction was completed for $108,840.
Valuation Metrics
Beta for the stock is 1.23. There are also a few other valuation ratios worth considering, including the trailing price-to-sales (P/S) ratio of 3.71, the price-to-book (PB) ratio of 0.93, and the price-to-cash flow ratio of 20.86.
Company paid $0.12 per share in dividends, remained unchanged from $0.12 last year. A $0.04 dividend decrease was reported on Wednesday April 8 2020.
Financial Health
The company’s long-term debt to equity ratio for the quarter ending June 29 is 0.01, and the total debt to equity ratio is 6.75. As far as profitability goes, gross margin for the trailing twelve months is 6.70% percent.
Investors will also look at the performance of the company’s management in order to determine the potential profitability of their investment. AGNC’s return on assets (ROA) during the last 12 months has been -0.10%. In the meantime, the return on equity (ROE) for the last 12 months was -1.40%.
Earnings Surprise
According to AGNC Investment Corp.’s quarterly financial report for the quarter that ended June 29. It was predicted that AGNC Investment Corp.’s quarterly earnings would be $0.67, but it ended up being $0.63, beating the consensus by 6.30%. At the end of AGNC Investment Corp.’s most recent quarter ended June 29, its total debt was $42.23 billion. Equity owned by shareholders amounts to $606.08 million.
Technical Picture
Here’s a quick look at AGNC Investment Corp.’s (AGNC) price momentum from a technical perspective. As of 14 August, the RSI 9-day stood at 33.33%, suggesting the stock is Neutral, with a 22.94% historical volatility rate.
The stochastic %K and %D were 17.55% and 25.04% respectively, while the average true range (ATR) was 0.20. Based on the 14-day stochastic reading of 6.81%, the RSI (14) reading is 39.44%. On the 9-day MACD Oscillator, the stock is at -0.07, and the 14-day reading is at -0.20.
Analyst Ratings
In its most recent analyst report, JP Morgan raised its rating on AGNC Investment Corp. (NASDAQ: AGNC) to an Overweight. Prior to this, analysts firm rated the stock as a Neutral. Analysts have assigned AGNC Investment Corp. (AGNC) an Overweight rating. AGNC is a stock that is recommended for selling by 0 brokerage firms, while 4 companies recommend holding. The stock is underweighted by 0 analysts. Among the analysts who rate the stock, 0 rates it overweight and 6 others recommend it as a buy.
What is AGNC’s price target for the next 12 months?
The current consensus forecast for the stock is between $9.50 and $11.25, with a median target price of $10.50. In analyzing these forecasts, the average price target given by analysts for AGNC Investment Corp. (AGNC) is $10.53.
