AGCO Corp (NYSE:AGCO) shares, rose in value on Friday, May 09, with the stock price up by 1.27% to the previous day’s close as strong demand from buyers drove the stock to $99.34.
Actively observing the price movement in the last trading, the stock closed the session at $98.09. Referring to stock’s 52-week performance, its high was $117.04, and the low was $73.79. On the whole, AGCO has fluctuated by 15.77% over the past month.
With the market capitalization of AGCO Corp currently standing at about $7.41 billion, investors are eagerly awaiting this quarter’s results, scheduled for in June. The company’s Forward Dividend Ratio is 1.16, with its dividend yield at 1.17%.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 9.64B, with a low estimate of 2.4B and a high estimate of 2.7B. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 2.52B.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that AGCO’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 50% Sell while long-term indicators on average have been pointing out that it is a 50% Buy.
The stock’s technical analysis shows that the price of AGCO currently trading nearly 13.07% and 9.85% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 66.68, while the 7-day volatility ratio is showing 2.87% which for the 30-day chart, stands at 3.63%. Furthermore, AGCO Corp (AGCO)’s beta value is 1.21, and its average true range (ATR) is 3.84.
A comparison of AGCO Corp (AGCO) with its peers suggests the former has fared considerably weaker in the market. AGCO showed an intraday change of 1.27% in last session, and over the past year, it shrunk by -13.22%%.
Data on historical trading for AGCO Corp (NYSE:AGCO) indicates that the trading volumes over the past 3 months, they’ve averaged 1.01 million. According to company’s latest data on outstanding shares, there are 74.58 million shares outstanding.
Nearly 17.19% of AGCO Corp’s shares belong to company insiders and institutional investors own 95.68% of the company’s shares. The stock has risen by 6.27% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the AGCO stock heading into the next quarter.
