Agree Realty Corp. (NYSE:ADC) shares, rose in value, with the stock price down by -0.48% to the previous day’s close as strong demand from buyers drove the stock to $57.77.
Actively observing the price movement in the last trading, the stock closed the session at $58.05. The PE ratio was 34.19 over 12-month period. Referring to stock’s 52-week performance, its high was $69.26, and the low was $52.69. On the whole, ADC has fluctuated by 1.92% over the past month.
The company’s Forward Dividend Ratio is 2.94, with its dividend yield at 5.09%.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that ADC’s technical picture suggests that short-term indicators denote the stock is a Hold on average. However, medium-term indicators have put the stock in the category of 50% Sell while long-term indicators on average have been pointing out that it is a 100% Sell.
The stock’s technical analysis shows that the PEG ratio is about 17.01, with the price of ADC currently trading nearly 1.91% and 2.06% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 56.23, while the 7-day volatility ratio is showing 1.72% which for the 30-day chart, stands at 1.61%. Furthermore, Agree Realty Corp. (ADC)’s beta value is 0.52, and its average true range (ATR) is 1.00.
A comparison of Agree Realty Corp. (ADC) with its peers suggests the former has fared considerably weaker in the market. ADC showed an intraday change of -0.48% in last session, and over the past year, it shrunk by -12.84%%.
Data on historical trading for Agree Realty Corp. (NYSE:ADC) indicates that the trading volumes over the past 3 months, they’ve averaged 1.06 million. According to company’s latest data on outstanding shares, there are 100.52 million shares outstanding.
Nearly 1.81% of Agree Realty Corp.’s shares belong to company insiders and institutional investors own 102.22% of the company’s shares. The stock has fallen by -8.23% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the ADC stock heading into the next quarter.
