The stock of Argan, Inc. (NYSE:AGX) hit a new 52-week high and has $74.00 target or 25.00% above today’s $59.20 share price. The 8 months bullish chart indicates low risk for the $887.32 million company. The 1-year high was reported on Sep, 30 by Barchart.com. If the $74.00 price target is reached, the company will be worth $221.83 million more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. About 84,876 shares traded hands. Argan, Inc. (NYSE:AGX) has risen 80.79% since February 26, 2016 and is uptrending. It has outperformed by 70.37% the S&P500.
Argan, Inc. (NYSE:AGX) Ratings Coverage
Out of 2 analysts covering Argan (NYSE:AGX), 1 rate it a “Buy”, 1 “Sell”, while 0 “Hold”. This means 50% are positive. $56 is the highest target while $45 is the lowest. The $50.50 average target is -14.70% below today’s ($59.2) stock price. Argan has been the topic of 2 analyst reports since October 16, 2015 according to StockzIntelligence Inc. The firm has “Not Rated” rating given on Friday, October 16 by Wm Smith. The company was initiated on Thursday, June 9 by Lake Street.
According to Zacks Investment Research, “Argan, Inc., headquartered in Rockville, MD, through its wholly owned Southern Maryland Cable, Inc. subsidiary, provides inside premise wiring services to the federal government and also provides underground and aerial construction services and splicing to major telecommunications and utilities customers.”
More notable recent Argan, Inc. (NYSE:AGX) news were published by: Finance.Yahoo.com which released: “Argan, Inc. Reports Record Second Quarter Results” on September 06, 2016, also Quotes.Wsj.com with their article: “News Argan Inc.AGX” published on February 11, 2011, Seekingalpha.com published: “Argan Inc. Is A Red Hot Growth Story” on June 10, 2016. More interesting news about Argan, Inc. (NYSE:AGX) were released by: Businesswire.com and their article: “Argan, Inc. Completes Acquisition of The Roberts Company” published on December 04, 2015 as well as Businesswire.com‘s news article titled: “Argan, Inc. Reports Year-End and Fourth Quarter Results” with publication date: April 14, 2016.
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