On 4/12/24, Argan Inc (NYSE: AGX) stock enjoyed a major increase of 21.1%, closing at $59.77. Moreover, exceptionally high trading volume at 852% of normal accompanied the advance. Relative to the market the stock has been strong over the last nine months and has risen 18.9% during the last week.
Current PriceTarget Research Rating
AGX’s future returns on capital are forecasted to be above the cost of capital. Accordingly, the company is expected to continue to be an important Value Builder.
Argan has a current Value Trend Rating of C (Neutral). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing contradictory signals. Argan has a slightly negative Appreciation Score of 30 but a good Power Rating of 79, producing the Neutral Value Trend Rating.
Rating Review
In light of this very positive price change we are reviewing our current Overall Rating of C. This review will be completed in the next several days.
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