Is AGNC Investment Corp (NASDAQ) Bullish Or Bearish In 2024?

AGNC Investment Corp (NASDAQ:AGNC) shares, rose in value, with the stock price down by -0.11% to the previous day’s close as strong demand from buyers drove the stock to $9.36.

Actively observing the price movement in the last trading, the stock closed the session at $9.37. The PE ratio was 10.45 over 12-month period. 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 -5.07% over the past month.

The company’s Forward Dividend Ratio is 1.44, with its dividend yield at 15.38%.

Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that AGNC’s technical picture suggests that short-term indicators denote the stock is a 50% Sell on average. However, medium-term indicators have put the stock in the category of Hold while long-term indicators on average have been pointing out that it is a Hold.

The stock’s technical analysis shows that the PEG ratio is about 0, with the price of AGNC currently trading nearly -1.13% and -1.90% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 47.27, while the 7-day volatility ratio is showing 1.92% which for the 30-day chart, stands at 1.77%. Furthermore, AGNC Investment Corp (AGNC)’s beta value is 1.44, and its average true range (ATR) is 0.18.

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 -0.11% in last session, and over the past year, it shrunk by -6.87%%.

Data on historical trading for AGNC Investment Corp (NASDAQ:AGNC) indicates that the trading volumes over the past 3 months, they’ve averaged 11.28 million. According to company’s latest data on outstanding shares, there are 694.30 million shares outstanding.

Nearly 0.91% of AGNC Investment Corp’s shares belong to company insiders and institutional investors own 41.49% of the company’s shares. The stock has fallen by -4.59% 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.

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