The stock of Archer-Daniels-Midland Company (NYSE:ADM) increased by $0.74 on Tuesday to finish at $81.61, up 0.92 percent. The last five days have seen an average of 2,501,440 shares of common stock traded. 1 time new highs were reached in the current year, with a fall of -$11.24. The average number of shares traded over the last 20 days was 2,285,115, while the average volume over the last 50 days totaled 2,600,130.
ADM stock dropped -3.94% since last month. On 08/23/23, the company’s shares reached a one-month low of $79.69. The stock touched a high of $98.28 on 01/03/23, after rallying from a low of $69.92 in 52 weeks. The price of ADM stock has declined by -12.11% or -$11.24 this year, reaching a new high 1 time. Still, the stock price is down -16.96% from the 52-week high.
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Insider Transactions
ADM stock investors should be aware that Archer-Daniels-Midland Company (ADM) stock had its last reported insider trading activity 35 days ago on Jul 26. On Jul 26, Vice Pres., Corp. Controller Strader Fruit Molly L sold 1,455 shares at $86.80 each. This transaction resulted in the insider making $126,294. On Dec 13, FINDLAY D CAMERON sold 26,197 shares at a price of US$93.52. After the transaction, the insider now owns 284,987 shares. Senior Vice President FINDLAY D CAMERON had earlier sold 26,198 shares on Dec 12 for $92.64 a share. The transaction was completed for $2,426,921.
Valuation Metrics
Archer-Daniels-Midland Company (ADM) has a trailing price-to-earnings (P/E) ratio of 10.89. Beta for the stock is 0.83. There are also a few other valuation ratios worth considering, including the trailing price-to-sales (P/S) ratio of 0.44, the price-to-book (PB) ratio of 1.78, and the price-to-cash flow ratio of 12.01.
Company paid $0.45 per share in dividends, remained unchanged from $0.45 last year. A $0.05 dividend increase was reported on Thursday January 26 2023.
Financial Health
For the three months ended June 29, Archer-Daniels-Midland Company’s quick ratio was 1.00, while its current ratio was 1.60, indicating its ability to pay off its debt. The company’s long-term debt to equity ratio for the quarter ending June 29 is 0.33, and the total debt to equity ratio is 0.35. As far as profitability goes, gross margin for the trailing twelve months is 7.50% percent. Archer-Daniels-Midland Company’s EBITDA margin for the year ended June 29 was 4.63%, whereas its operating margin stood at 4.00% for the same period. Based on annual data, it had gross profit of $7.57 billion and revenue of $101.56 billion.
Investors will also look at the performance of the company’s management in order to determine the potential profitability of their investment. ADM’s return on assets (ROA) during the last 12 months has been 7.10%. There was a 9.80% return on investment (ROI) in the past year. In the meantime, the return on equity (ROE) for the last 12 months was 16.90%.
Earnings Surprise
According to Archer-Daniels-Midland Company’s quarterly financial report for the quarter that ended June 29. A higher net income was reported in the quarter under review than the previous quarter. Net income for the quarter came in at $25.19 billion, while revenues fell by -8.31% to $24.07 billion. It was predicted that Archer-Daniels-Midland Company’s quarterly earnings would be $1.89, but it ended up being $1.6, beating the consensus by 18.10%. EBITDA was $1.3 billion for the quarter. At the end of Archer-Daniels-Midland Company’s most recent quarter ended June 29, its liabilities totaled 30.52 billion, while its total debt was $9.83 billion. Equity owned by shareholders amounts to $536.1 million.
Technical Picture
Here’s a quick look at Archer-Daniels-Midland Company’s (ADM) price momentum from a technical perspective. As of 29 August, the RSI 9-day stood at 43.66%, suggesting the stock is Neutral, with a 14.34% historical volatility rate.
The stochastic %K and %D were 19.64% and 15.87% respectively, while the average true range (ATR) was 1.39. Based on the 14-day stochastic reading of 26.69%, the RSI (14) reading is 46.64%. On the 9-day MACD Oscillator, the stock is at -0.39, and the 14-day reading is at -1.30.
Analyst Ratings
In its analyst report released on June 22, 2023, ROTH MKM began covering Archer-Daniels-Midland Company (NYSE: ADM). The stock was rated as a Buy by the brokerage firm. Analysts have assigned Archer-Daniels-Midland Company (ADM) an Overweight rating. ADM is a stock that is recommended for selling by 0 brokerage firms, while 7 companies recommend holding. The stock is underweighted by 1 analyst. Among the analysts who rate the stock, 2 rates it overweight and 7 others recommend it as a buy.
What is ADM’s price target for the next 12 months?
The current consensus forecast for the stock is between $85.00 and $117.00, with a median target price of $97.75. In analyzing these forecasts, the average price target given by analysts for Archer-Daniels-Midland Company (ADM) is $98.82.
