AGNC Investment Corp (NASDAQ:AGNC) traded at $9.59 at last check on Tuesday, March 19, made a downward move of -0.16% on its previous day’s price.
Looking at the stock we see that its previous close was $9.60 and the beta (5Y monthly) reads 1.44. In terms of its 52-week price range, AGNC has a high of $10.64 and a low of $6.81. The company’s stock has gained about 1.11% over that past 30 days.
AGNC Investment Corp has a market cap of $6.66 billion and is expected to release its quarterly earnings report on Apr 22, 2024 – Apr 26, 2024. With its Forward Dividend at 1.44 and a yield of 15.02%, the company’s investors could be anxious for the AGNC stock to gain ahead of the earnings release. Estimates by analysts give the company expected earnings per share (EPS) of $0.57, with the EPS growth for the year raised at $2.2 for 2024 and $2.02 for next year. These figures represent -15.70% and -8.20% growth in EPS for the two years respectively.
Analysts tracking the company’s growth have also given it a consensus growth in revenue estimated at $459.78 million, with a low of $386 million and a high of $493 million. The median projection represents growth adding up to -569.20% compared to sales growth for the corresponding quarter a year ago. According to analyst consensus estimates figures, the company’s yearly revenue forecast for 2024 is expected to hit $1.78 billion, or -824.30% down from figures reported last year.
There have been 1 upward and no downward revisions for the stock’s EPS in last 7 days, something that reflects the nature of company’s price movement in short term. On the other hand, looking at the outlook for the AGNC stock, short term indicators assign the stock an average of Hold, while medium term indicators assign it an average of 50% Buy. Long term indicators on average place the stock in the category of 50% Buy.
Looking further, we note the current price level is -0.10% off its SMA20 and -0.49% from its 50-day simple moving average. The RSI (14) is pointing at 48.94 while the volatility over the past week is 1.45% and jumps to 1.41% over the past one month. The beta value is 1.44, while the average true range (ATR) is currently pointing at 0.16.
Coming back to AGNC Investment Corp (NASDAQ:AGNC), we note that the average 3-month trading volume was 12.26 million, while that of the preceding 10-day period stands at 10.0 million. Current shares outstanding are 694.30 million.
The insiders hold 0.88% of the company’s shares while institutions hold 41.46%. The data shows that short shares as of Feb 29, 2024, stood at 47.95 million at a short ratio of 3.89. This represents a 6.89% short interest in shares outstanding on Feb 29, 2024. Shares short rose in February from the previous month at 41.33 million. Investors should be excited about this stock as its upside potential is great, with today’s price pushing the stock -2.29% down in year-to-date price movement.
