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

Argan Inc is a United States-base construction firm that conducts operations through its wholly-owned subsidiaries, GPS, APC, TRC and SMC. Through GPS and APC it provides a full range of engineering, procurement, construction, commissioning, maintenance, project development and technical consulting services to the power generation market, including the renewable energy sector, for a wide range of customers, including independent power project owners, public utilities, power plant heavy equipment suppliers and other commercial firms with power requirements in the U.S., Ireland and the U.K. 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 November 20, 2024, AGX stock price declined to $146.87 with 186,552 million shares trading.

AGX has a beta of 0.42, meaning it tends to be less sensitive to market movements. AGX has a correlation of 0.02 to the broad based SPY ETF.

AGX has a market cap of $1.96 billion. This is considered a Small Cap stock.

Last quarter Argan reported $227 million in Revenue and $1.31 earnings per share. This beat revenue expectation by $43 million and exceeded earnings estimates by $.34.

In the last 3 years, AGX traded as high as $162.78 and as low as $31.26.

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

AGX has outperformed the market in the last year with a return of +220.3%, while the SPY ETF gained +31.5%. In the last 3 month period, AGX beat the market returning +103.9%, while SPY returned +6.0%. However, in the most recent 2 weeks AGX has underperformed the stock market by returning -7.0%, while SPY returned -0.1%.

AGX support price is $143.63 and resistance is $154.05 (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 shares will trade within this expected range on the day.