Alert: Major Price Advance (9/6/24)-Argan Inc (NYSE: AGX).

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Argan Inc (NYSE: AGX) stock enjoyed a major increase of 26.0% on 9/6/24. The shares closed at $89.97. Moreover, this advance was accompanied by exceptionally high trading volume at 675% of normal. The stock has been exceptionally strong relative to the market over the last nine months and has risen 18.0% during the last week.

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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 (High Neutral). This rating combines very contradictory signals from two proprietary PTR measures of a stock’s attractiveness. Argan has a poor Appreciation Score of 21 but a very high Power Rating of 100, with the High Neutral Value Trend Rating the result.

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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