AGNC Investment Corp. (NASDAQ:AGNC) finished Thursday with an addition of $0.03 to close at $9.71, an upside of 0.31 percent. An average of 13,136,280 shares of common stock have been traded in the last five days. There was a gain of $0.26 in the past week, and it reached a new high 1 time over the past 12 months. The last 20 days have seen an average of 11,682,465 shares traded, while the 50-day average volume stands at 10,649,068.
AGNC stock has decreased by -7.52% in the last month. The company shares reached their 1-month lowest point of $9.35 on 08/18/23. With the stock rallying to its 52-week high on 02/02/23, shares of the company touched a low of $7.30 and a high of $12.59 in 52 weeks. It has reached a new high 13 times so far this year and lost -6.18% or -$0.64 in price. In spite of this, the price is down -22.86% 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 101 days ago on Jul 27. In this transaction, the insider spent $108,840. Director, Executive Chair, Kain Gary D, disposed of 350,000 shares at a price of $9.30 on May 10. The insider now owns more than $3,255,700 worth of shares. Prior to that, Director, Executive Chair Kain Gary D went on to Sale 150,000 shares at $9.30 each on May 10. An amount of $1,395,300 was transacted.
Valuation Metrics
AGNC Investment Corp. (AGNC) stock’s beta is 1.23. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 3.66, the price-to-book (PB) ratio at 0.93, and the price-to-cash flow ratio at 20.58.
Financial Health
Further, the company has a long term debt to equity ratio of 0.01 and a total debt to equity ratio of 6.75 for the quarter ending June 29.
For investors, determining the potential profitability of the investment also depends on the performance of the company’s management. In the past 12 months, AGNC Investment Corp.’s return on assets was -0.10%.
Earnings Surprise
The analyst consensus anticipated AGNC Investment Corp.’s latest quarter earnings to come in at $0.63 per share, but it turned out to be $0.67, a 6.30% surprise. At the end of the quarter ending June 29, AGNC Investment Corp.’s stock balance sheet showed total debt was $42.23 billion. Shareholders own equity worth $606.08 million.
Technical Picture
From a technical analysis perspective, let’s take a brief look at AGNC Investment Corp. (AGNC) price momentum. RSI 9-day as of the close on 24 August was 48.31%, suggesting the stock is Neutral, with historical volatility in this time frame at 17.25%.
As of today, AGNC’s price is $9.57 +2.75% or $0.26 from its 5-day moving average. AGNC is currently trading -4.99% lower than its 20-day SMA and -3.67% lower than its 100-day SMA. However, the stock’s current price level is -4.24% below the SMA50 and +16.29% above the SMA200.
The stochastic %K and %D were 37.04% and 27.34%, respectively, and the average true range (ATR) was 0.19. With the 14-day stochastic at 50.00% and the average true range at 0.19, the RSI (14) stands at 46.10%. The stock has reached 0.05 on the 9-day MACD Oscillator while the 14-day reading was at -0.09.
Analyst Ratings
JP Morgan upgraded AGNC Investment Corp. (NASDAQ: AGNC) to a an Overweight rating in its most recent analyst report. Previously, the stock was rated as a Neutral. The consensus rating for AGNC Investment Corp. (AGNC) among analysts is Overweight. According to current brokerage recommendations, 0 brokerage firms advise that investors sell AGNC, while 5 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 0 analysts, while 6 others rate it as a “buy”.
What is AGNC’s price target for the next 12 months?
Analysts predict a range of price targets between $9.50 and $11.25, with a median target of $10.50. Taking a look at these predictions, the average price target given by analysts for AGNC Investment Corp. (AGNC) stock is $10.53.
