Avangrid Inc. (NYSE:AGR) saw an upside of 0.44% to close Friday at $34.47 after adding $0.15 on the day. The 5-day average trading volume is 624,160 shares of the company’s common stock. It has gained $35.53 in the past week and touched a new high 1 time within the past 5 days. An average of 806,530 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 670,012.
AGR’s 1-month performance is -10.70% or -$2.75 on its low of $34.04 reached on 08/16/23. The company’s shares have touched a 52-week low of $34.04 and high of $51.64, with the stock’s rally to the 52-week high happening on 01/12/23. YTD, AGR has lost -19.80% or -$8.51 and has reached a new high 6 times. However, the current price is down -33.25% from the 52-week high price.
Valuation Metrics
AGR stock has a beta of 0.46. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 1.65 while the price-to-book (PB) in the most recent quarter is 0.68.
Avangrid Inc.’s quick ratio for the recent period was 0.50, with the current ratio over the same period at 0.60. In terms of profitability, the gross margin trailing 12 months is 67.20%. The trailing 12-month EBITDA margin is 22.36%. The firm’s gross profit as reported stood at $852.0 million against revenue of $7.92 billion.
Earnings Surprise
Net income and sales went down compared to those figures reported in the previous quarter. Net income shrunk -116.47% to $85.0 million, while revenue of $245.0 million was -188.24% off the previous quarter. EBITDA for the quarter stood at more than $384.0 million. AGR stock balance sheet for the recent quarter shows that total liabilities totaled 21.16 billion, with total debt at $10.52 billion. Shareholders hold equity totaling $386.77 million.
Let’s look briefly at Avangrid Inc. (AGR) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 18 August was 34.78% to suggest the stock is trending Neutral, with historical volatility in this time period at 19.91%.
The stock’s 5-day moving average is $34.47, reflecting a -2.90% or -$1.03 change from its current price. AGR is currently trading -11.84% above its 20-day SMA, -11.16% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by -11.34% and SMA200 by-15.27%.
Stochastic %K and %D was 10.30% and 11.25% and the average true range (ATR) pointed at 0.68. The RSI (14) points at 35.70%, while the 14-day stochastic is at 12.84% with the period’s ATR at 0.70. The stock’s 9-day MACD Oscillator is pointing at -0.34 and -0.65 on the 14-day charts.
Analyst Ratings
In the most recent analyst report for Avangrid Inc. (NYSE: AGR), KeyBanc Capital Markets upgraded it to a Sector weight rating. They previously had an Underweight rating on the stock. Analysts offering their rating for AGR stock have a consensus rating for the stock as Hold. Currently, 2 brokerage advisors rate AGR as a “sell,”, while 6 advise that investors “Hold.” 1 analysts have rated the stock as underweight. 0 rates the stock as overweight while 1 have offered a “buy” rating.
What is AGR’s price target for the next 12 months?
Analysts have a consensus price target ranging from a low of $34.00 and a high of $52.00, with their median price target at $39.00. Looking at these predictions, the average price target given by analysts is for Avangrid Inc. (AGR) stock is $41.00.
