Argan Inc (NYSE: AGX) stock closed at $157.84 on 11/6/24 after a major increase of 11.4%. Moreover, above average trading volume at 123% of normal accompanied the advance. The stock has risen 18.6% during the last week and has been exceptionally strong relative to the market over the last nine months.
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 13 but a very high Power Rating of 99, 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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