Archer Daniels Midland Co. (NYSE:ADM) finished Friday with a subtraction of -$0.62 to close at $75.42, a downside of -0.82 percent. An average of 2,124,440 shares of common stock have been traded in the last five days. There was a fall of -$1.56 in the past week, and it reached a new high 17 times over the past 12 months. The last 20 days have seen an average of 3,130,585 shares traded, while the 50-day average volume stands at 2,811,896.
ADM stock has decreased by -6.60% in the last month. The company shares reached their 1-month lowest point of $74.92 on 09/29/23. With the stock rallying to its 52-week high on 01/03/23, shares of the company touched a low of $69.92 and a high of $98.28 in 52 weeks. It has reached a new high 1 time so far this year and lost -18.77% or -$17.43 in price. In spite of this, the price is down -23.26% from the 52-week high.
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Insider Transactions
ADM stock investors should be aware that Archer Daniels Midland Co. (ADM) stock had its last reported insider trading activity 66 days ago on Jul 26. In this transaction, the insider spent $126,294. Senior Vice President, FINDLAY D CAMERON, disposed of 26,197 shares at a price of $93.52 on Dec 13. The insider now owns more than $2,449,907 worth of shares. Prior to that, Senior Vice President FINDLAY D CAMERON went on to Sale 26,198 shares at $92.64 each on Dec 12. An amount of $2,426,921 was transacted.
Valuation Metrics
Archer Daniels Midland Co. (ADM) has a trailing price-to-earnings (P/E) ratio of 10.07. The stock’s beta is 0.83. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 0.40, the price-to-book (PB) ratio at 1.62, and the price-to-cash flow ratio at 11.17.
The company has a payout ratio of 20.76%. The company’s most recent quarterly dividend payment was $0.45 a share, without any change from last year. Its latest increase dividend $0.05 reported on Thursday January 26 2023.
Financial Health
The quick ratio of Archer Daniels Midland Co. for the three months ended June 29 was 1.00, and the current ratio was 1.63, indicating that the company is able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 0.36 and a total debt to equity ratio of 0.39 for the quarter ending June 29. Its gross profit as reported stood at $7.57 billion compared to revenue of $101.56 billion.
For investors, determining the potential profitability of the investment also depends on the performance of the company’s management. In the past 12 months, Archer Daniels Midland Co.’s return on assets was 7.07%.
Earnings Surprise
For the three-month period that ended June 29, Archer Daniels Midland Co. had $8.24 billion in total debt. In the quarter under review, the net income was up than the previous quarter. The company posted a net income of $927.0 million in the quarter, while revenues of $1.17 billion were shrunk -33.33%. The analyst consensus anticipated Archer Daniels Midland Co.’s latest quarter earnings to come in at $1.6 per share, but it turned out to be $1.89, a 18.10% surprise. For the quarter, EBITDA amounted to $1.3 billion. Shareholders own equity worth $536.1 million.
Technical Picture
From a technical analysis perspective, let’s take a brief look at Archer Daniels Midland Co. (ADM) price momentum. RSI 9-day as of the close on 29 September was 25.56%, suggesting the stock is oversold, with historical volatility in this time frame at 13.87%.
As of today, ADM’s price is $76.24 -2.03% or -$1.56 from its 5-day moving average. ADM is currently trading -4.89% lower than its 20-day SMA and +0.03% higher than its 100-day SMA. However, the stock’s current price level is -8.73% below the SMA50 and -19.19% below the SMA200.
The stochastic %K and %D were 12.13% and 11.76%, respectively, and the average true range (ATR) was 1.28. With the 14-day stochastic at 8.27% and the average true range at 1.30, the RSI (14) stands at 30.91%. The stock has reached -1.34 on the 9-day MACD Oscillator while the 14-day reading was at -2.21.
Analyst Ratings
ROTH MKM launched coverage on Archer Daniels Midland Co. (NYSE: ADM) in its analyst report released on June 22, 2023. The firm assigned the stock a Buy rating.
