On 6/7/24, Argan Inc (NYSE: AGX) stock enjoyed a major increase of 10.4%, closing at $76.35. Moreover, exceptionally high trading volume at 496% of normal accompanied the advance. Relative to the market the stock has been exceptionally strong over the last nine months and has risen 10.1% during the last week.
Current PriceTarget Research Rating
With future capital returns forecasted to be above the cost of capital, AGX is expected to continue to be an important Value Builder.
Argan has a current Value Trend Rating of C (Neutral). This rating combines very contradictory signals from two proprietary PTR measures of a stock’s attractiveness. Argan has a very low Appreciation Score of 14 but a very high Power Rating of 88, 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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