AGM Stock Summary and Trading Ideas (Federal Agricultural Mortgage | NYSE:AGM)

Federal Agricultural Mortgage Corp provides agricultural real estate and rural housing mortgage loans in the secondary market in the U.S. Its operations consist of seven segments: Farm & Ranch, Corporate AgFinance, Rural Utilities, Renewable Energy, Funding, Investments, and Corporate. The company purchases eligible mortgage loans secured by first liens on agricultural real estate and rural housing under the Farm & Ranch line of business. Its subsidiary purchases portions of certain agricultural, rural development, business and industry, and community facilities loans guaranteed by the USDA.

Federal Agricultural Mortgage trades on the NYSE stock market under the symbol AGM.

As of April 24, 2024, AGM stock price declined to $190.33 with 32,005 million shares trading.

AGM has a beta of 1.13, meaning it tends to be more sensitive to market movements. AGM has a correlation of 0.24 to the broad based SPY ETF.

AGM has a market cap of $2.06 billion. This is considered a Mid Cap stock.

Last quarter Federal Agricultural Mortgage reported $90 million in Revenue and $4.10 earnings per share. This beat revenue expectation by $1 million and exceeded earnings estimates by $.05.

In the last 3 years, AGM stock traded as high as $199.40 and as low as $90.38.

The top ETF exchange traded funds that AGM belongs to (by Net Assets): VTI, IWM, VXF, AVUV, IWN.

AGM has outperformed the market in the last year with a price return of +43.5% while the SPY ETF gained +24.2%. However, in the short term, AGM had mixed performance relative to the market. It has underperformed in the last 3 months, returning +2.8% vs +4.6% return in SPY. But in the last 2 weeks, AGM shares have fared better than the market returning -0.1% compared to SPY -2.7%.

AGM support price is $187.42 and resistance is $194.42 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that AGM stock will trade within this expected range on the day.