AGRO Stock Summary and Trading Ideas (Adecoagro S.A. Common Shares | NYSE:AGRO)

Adecoagro SA is a Luxembourg-based agricultural company. It is involved in the wide range of businesses, including farming crops and other agricultural products, dairy operations, sugar, ethanol, and energy production and land transformation. The company operates through three segments namely Farming, Sugar, Ethanol and Energy, and Land Transformation. The Farming segment consists of planting, harvesting, and sale of grains, oilseeds and fibers, rice and production and sale of dairy products; the Sugar, Ethanol and Energy segment consists of cultivating sugar cane which is processed in owned sugar mills, transformed into ethanol; and the Land Transformation segment comprises identification and acquisition of underdeveloped and undermanaged farmland.

Adecoagro S.A. Common Shares trades on the NYSE stock market under the symbol AGRO.

As of March 31, 2023, AGRO stock price declined to $8.05 with 165,279 million shares trading.

AGRO has a beta of 0.75, meaning it tends to be less sensitive to market movements. AGRO has a correlation of 0.14 to the broad based SPY ETF.

AGRO has a market cap of $881.07 million. This is considered a Small Cap stock.

Last quarter Adecoagro S.A. Common Shares reported $373 million in Revenue and $.17 earnings per share. This beat revenue expectation by $135 million and missed earnings estimates by -$.03.

In the last 3 years, AGRO stock traded as high as $13.55 and as low as $3.31.

The top ETF exchange traded funds that AGRO belongs to (by Net Assets): FNDA, PRFZ, ARGT, SMLF, BRF.

AGRO has underperformed the market in the last year with a return of -29.7%, while the SPY ETF lost -9.6%. In the last 3 month period, AGRO fell short of the market, returning -2.9%, while SPY returned +7.2%. However, in the most recent 2 weeks AGRO has outperformed the stock market by returning +5.5%, while SPY returned +3.9%.

AGRO support price is $8.00 and resistance is $8.38 (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 AGRO stock will trade within this expected range on the day.