AGNC Investment Corp (NASDAQ:AGNC) finished Thursday with an addition of $0.02 to close at $9.40, an upside of 0.21 percent. An average of 15,095,280 shares of common stock have been traded in the last five days. There was a fall of -$0.38 in the past week, and it reached a new high 26 times over the past 12 months. The last 20 days have seen an average of 11,918,730 shares traded, while the 50-day average volume stands at 11,804,296.
AGNC stock has decreased by -7.11% in the last month. The company shares reached their 1-month lowest point of $9.15 on 09/28/23. 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 $12.25 in 52 weeks. It has reached a new high 13 times so far this year and lost -9.18% or -$0.95 in price. In spite of this, the price is down -23.27% from the 52-week high.
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Insider Transactions
AGNC stock investors should be aware that AGNC Investment Corp (AGNC) stock had its last reported insider trading activity 29 days ago on Aug 31. In this transaction, the insider spent $49,650. Director, Larocca Prue, disposed of 12,000 shares at a price of $9.07 on May 16. The insider now owns more than $108,840 worth of shares. Prior to that, Director, Executive Chair Kain Gary D went on to Sale 350,000 shares at $9.30 each on May 10. An amount of $3,255,700 was transacted.
Valuation Metrics
AGNC Investment Corp (AGNC) stock’s beta is 1.22. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 3.32, the price-to-book (PB) ratio at 0.91, and the price-to-cash flow ratio at 19.99.
Financial Health
Further, the company has a long term debt to equity ratio of 0.01 and a total debt to equity ratio of 6.36 for the quarter ending June 29.
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 28 September was 29.67%, suggesting the stock is oversold, with historical volatility in this time frame at 19.54%.
As of today, AGNC’s price is $9.54 -3.89% or -$0.38 from its 5-day moving average. AGNC is currently trading -4.57% lower than its 20-day SMA and -0.74% lower than its 100-day SMA. However, the stock’s current price level is -8.83% below the SMA50 and -5.05% below the SMA200.
The stochastic %K and %D were 11.39% and 12.02%, respectively, and the average true range (ATR) was 0.21. With the 14-day stochastic at 21.93% and the average true range at 0.20, the RSI (14) stands at 36.11%. The stock has reached -0.36 on the 9-day MACD Oscillator while the 14-day reading was at -0.42.
Analyst Ratings
UBS upgraded AGNC Investment Corp (NASDAQ: AGNC) to a a Buy 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 4 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 0 analysts, while 7 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 $10.00 and $11.50, with a median target of $11.00. Taking a look at these predictions, the average price target given by analysts for AGNC Investment Corp (AGNC) stock is $10.75.
