Aegon Ltd. (NYSE:AEG) shares, rose in value, with the stock price up by 0.65% to the previous day’s close as strong demand from buyers drove the stock to $6.16.
Actively observing the price movement in the last trading, the stock closed the session at $6.12. Referring to stock’s 52-week performance, its high was $6.26, and the low was $4.22. On the whole, AEG has fluctuated by 6.57% over the past month.
The company’s Forward Dividend Ratio is 0.28, with its dividend yield at 4.55%. As a result, investors might want to see an improvement in the stock’s price before the company announces its earnings report. Analysts are projecting the company’s earnings per share (EPS) to be $0, which is expected to increase to $0 for fiscal year $0.19 and then to about $0.76 by fiscal year 2024. Data indicates that the EPS growth is expected to be -75.90% in 2024, while the next year’s EPS growth is forecast to be 300.00%.
Wall Street analysts also predicted that in 2024, the company’s y-o-y revenues would reach $26.65 billion, representing an increase of 18.90% from the revenues reported in the last year’s results.
Revisions could be a useful indicator to get insight on short-term price movement; so for the company, there were no upward and no downward review(s) in last seven days. We see that AEG’s technical picture suggests that short-term indicators denote the stock is a 100% Buy on average. However, medium term indicators have put the stock in the category of 100% Buy while long term indicators on average have been pointing out that it is a 100% Buy.
The stock’s technical analysis shows that the PEG ratio is about 0, with the price of AEG currently trading nearly 4.05% and 5.27% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 66.07, while the 7-day volatility ratio is showing 1.45% which for the 30-day chart, stands at 1.23%. Furthermore, Aegon Ltd. (AEG)’s beta value is 1.16, and its average true range (ATR) is 0.09.
A comparison of Aegon Ltd. (AEG) with its peers suggests the former has fared considerably weaker in the market. AEG showed an intraday change of 0.65% in last session, and over the past year, it grew by 41.28%%.
Data on historical trading for Aegon Ltd. (NYSE:AEG) indicates that the trading volumes over the past 10 days have averaged 1.68 million and over the past 3 months, they’ve averaged 2.06 million. According to company’s latest data on outstanding shares, there are 1.66 billion shares outstanding.
Nearly 0.00% of Aegon Ltd.’s shares belong to company insiders and institutional investors own 10.96% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 2.07 million shares as on Mar 15, 2024, resulting in a short ratio of 0.51. According to the data, the short interest in Aegon Ltd. (AEG) stood at 0.12% of shares outstanding as of Mar 15, 2024; the number of short shares registered in Feb 15, 2024 reached 1.62 million. The stock has risen by 6.94% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the AEG stock heading into the next quarter.
