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 a wide range of businesses, including farming crops and other agricultural products, dairy operations, sugar, ethanol, 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 April 18, 2024, AGRO stock price climbed to $10.76 with 217,136 million shares trading.

AGRO has a beta of 0.41, meaning it tends to be less sensitive to market movements. AGRO has a correlation of 0.02 to the broad based SPY ETF.

AGRO has a market cap of $1.15 billion. This is considered a Small Cap stock.

In the last 3 years, AGRO stock traded as high as $13.55 and as low as $6.78.

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

AGRO has outperformed the market in the last year with a price return of +29.5% while the SPY ETF gained +22.3%. AGRO has also outperformed the stock market ETF in the last 3 month and 2 week periods returning +7.1% and -2.4%, respectively, while the SPY returned +6.1% and -3.8%, respectively.

AGRO support price is $10.41 and resistance is $10.89 (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.