For its third fiscal quarter (ending October 31), Argan Inc (NYSE: AGX) has reported a 405% increase in E.P.S. from $0.41 a year ago to $2.07 in the current quarter. E.P.S. were $4.94 for the latest four quarters through October 31 versus $2.53 for the same period a year ago — an increase of 95%.
Recent Price Action
On 12/5/24, Argan Inc (NYSE: AGX) stock declined slightly by -0.1%, closing at $148.82. Moreover, above average trading volume at 124% of normal accompanied the decline. The stock has declined -7.5% during the last week but has been exceptionally strong relative to the market over the last nine months.
Current PriceTarget Research Rating
Argan has a current Value Trend Rating of C (Neutral). The Value Trend Rating reflects very contradictory signals from PTR’s two proprietary measures of a stock’s attractiveness. Argan has a very low Appreciation Score of 15 but a very high Power Rating of 100, with the Neutral Value Trend Rating the result.
Rating Review
In light of this new information we are reviewing our current Overall Rating of C. This review will be completed in the next several days.
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