AMID Stock Summary and Trading Ideas (Argent Mid Cap ETF | NASDAQ:AMID)

Argent Capital's Mid Cap ETF uses a blend of quantitative and fundamental research to identify good businesses undergoing positive internal or external change. We seek to own these companies for the long term. Argent believes that companies undergoing positive change, driven either by internal or external factors, frequently experience underappreciated growth. We believe that good businesses are those that exhibit above-average profitability, generate above-average cash flow, and have management teams that are good stewards of capital. It starts with an investment universe consisting of publicly-traded U.S. stocks with market capitalizations ranging from $1.5 to $20 billion. The remaining companies are screened by our proprietary quantitative tool, The Argent Alpha Model. The Argent Alpha Model is utilized to point the team toward the right companies, in the right sectors, at the right time undergoing positive change. The resulting portfolio is highly concentrated with 35-50 stocks and exhibits high active share and low turnover.

Argent Mid Cap ETF trades on the NASDAQ stock market under the symbol AMID.

As of April 16, 2024, AMID stock price was flat at $32.18 with 3 million shares trading.

AMID has a market cap of $53.87 million. This is considered a Micro Cap stock.

AMID has outperformed the market in the last year with a return of +31.8%, while the SPY ETF gained +24.0%. In the last 3 month period, AMID beat the market returning +7.7%, while SPY returned +6.2%. However, in the most recent 2 weeks AMID has underperformed the stock market by returning -5.5%, while SPY returned -3.4%.

AMID support price is $31.81 and resistance is $32.55 (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 AMID stock will trade within this expected range on the day.