AGNC Investment Corp (NASDAQ:AGNC) shares, rose in value, with the stock price up by 0.10% to the previous day’s close as strong demand from buyers drove the stock to $9.66.
Actively observing the price movement in the last trading, the stock closed the session at $9.65. The value of beta (5-year monthly) was 1.44. Referring to stock’s 52-week performance, its high was $10.64, and the low was $6.81. On the whole, AGNC has fluctuated by 0.84% over the past month.
With the market capitalization of AGNC Investment Corp currently standing at about $6.72 billion, investors are eagerly awaiting this quarter’s results, scheduled for Apr 22, 2024 – Apr 26, 2024. The company’s Forward Dividend Ratio is 1.44, with its dividend yield at 14.91%. 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 $0.57, which is expected to increase to $0.6 for fiscal year $2.19 and then to about $2.04 by fiscal year 2025. Data indicates that the EPS growth is expected to be -16.10% in 2025, while the next year’s EPS growth is forecast to be -6.80%.
Analysts have estimated the company’s revenue for the quarter at $459.78 million, with a low estimate of $386 million and a high estimate of $493 million. According to the average forecast, sales growth in current quarter could jump down -569.20%, compared to the corresponding quarter of last year. Wall Street analysts also predicted that in 2025, the company’s y-o-y revenues would reach $1.78 billion, representing a decrease of -824.30% 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 AGNC’s technical picture suggests that short-term indicators denote the stock is a 50% 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 AGNC currently trading nearly -0.82% and 0.51% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 48.36, while the 7-day volatility ratio is showing 1.24% which for the 30-day chart, stands at 1.42%. Furthermore, AGNC Investment Corp (AGNC)’s beta value is 1.44, and its average true range (ATR) is 0.15.
A comparison of AGNC Investment Corp (AGNC) with its peers suggests the former has fared considerably weaker in the market. AGNC showed an intraday change of 0.10% in last session, and over the past year, it shrunk by -4.83%%.
Data on historical trading for AGNC Investment Corp (NASDAQ:AGNC) indicates that the trading volumes over the past 10 days have averaged 8.77 million and over the past 3 months, they’ve averaged 11.68 million. According to company’s latest data on outstanding shares, there are 694.30 million shares outstanding.
Nearly 0.85% of AGNC Investment Corp’s shares belong to company insiders and institutional investors own 41.40% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 48.71 million shares as on Mar 15, 2024, resulting in a short ratio of 4.64. According to the data, the short interest in AGNC Investment Corp (AGNC) stood at 7.00% of shares outstanding as of Mar 15, 2024; the number of short shares registered in Feb 15, 2024 reached 45.66 million. The stock has fallen by -1.53% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the AGNC stock heading into the next quarter.
