AGX Stock Summary and Trading Ideas (Argan | NYSE:AGX)

Argan Inc is a United States-based company that primarily operates in the power industry services segment through its wholly-owned subsidiaries. Gemma Power Systems and affiliates, one of Argan's subsidiaries, contributed almost all Argan's sales. GPS is a contractor that provides a full range of engineering, procurement, and construction services for power-generating projects. GPS' works encompass complete plant design, construction, electrical interconnection, plant testing, and commissioning. Argan also generates a small portion of sales from industrial fabrication and field services, as well as telecommunication infrastructure services. It operates in three segments: Power Services, Industrial Services, and Telecom Services, out of which Power Services derive majority revenue.

Argan trades on the NYSE stock market under the symbol AGX.

As of September 27, 2023, AGX stock price climbed to $46.21 with 79,274 million shares trading.

AGX has a beta of 0.47, meaning it tends to be less sensitive to market movements. AGX has a correlation of 0.09 to the broad based SPY ETF.

AGX has a market cap of $615.45 million. This is considered a Small Cap stock.

Last quarter Argan reported $141 million in Revenue and $.94 earnings per share. This beat revenue expectation by $799,000 and exceeded earnings estimates by $.20.

In the last 3 years, AGX stock traded as high as $55.99 and as low as $31.26.

The top ETF exchange traded funds that AGX belongs to (by Net Assets): VTI, PAVE, IFRA, IWM, VXF.

AGX has outperformed the market in the last year with a price return of +48.0% while the SPY ETF gained +18.7%. AGX has also outperformed the stock market ETF in the last 3 month and 2 week periods returning +17.2% and +4.0%, respectively, while the SPY returned -0.9% and -4.1%, respectively.

AGX support price is $44.56 and resistance is $46.08 (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 AGX stock will trade within this expected range on the day.