Adecoagro S.A. (AGRO): Not A Time To Panic Nor Freeze

Adecoagro S.A. (AGRO) concluded trading on Thursday at a closing price of $11.02, with 0.32 million shares of worth about $3.57 million changed hands on the day. Half year performance of the stock remained negative as price took a plunge of -4.09% during that period and on March 28, 2024 the price saw a gain of about 0.64%. Currently the company’s common shares owned by public are about 108.19M shares, out of which, 106.01M shares are available for trading.

Stock saw a price change of 3.77% in past 5 days and over the past one month there was a price change of 10.42%. Year-to-date (YTD), AGRO shares are showing a performance of -0.72% which increased to 35.88% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $7.82 but also hit the highest price of $12.51 during that period. The average intraday trading volume for Adecoagro S.A. shares is 490.64K. The stock is currently trading 6.56% above its 20-day simple moving average (SMA20), while that difference is up 8.51% for SMA50 and it goes to 3.79% higher than SMA200.

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Adecoagro S.A. (NYSE: AGRO) currently have 108.19M outstanding shares and institutions hold larger chunk of about 82.87% of that.

The stock has a current market capitalization of $1.17B and its 3Y-monthly beta is at 1.11. PE ratio of stock for trailing 12 months is 8.08, while it has posted earnings per share of $1.36 in the same period. It has Quick Ratio of 0.90 while making debt-to-equity ratio of 1.16. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for AGRO, volatility over the week remained 2.05% while standing at 2.54% over the month.

Analysts are in expectations that Adecoagro S.A. (AGRO) stock would likely to be making an EPS of $0 in the current quarter, while forecast for next quarter EPS is $0 and it is $0.92 for next year. For the current quarter EPS, analysts have given the company a lowest target $0 which is $0 at the higher side of the target for the same. Stock’s fiscal year EPS is expected to rise by 22.76%. EPS is likely to shrink at an annualized rate of -0.60% for next 5-years, compared to annual growth of 63.92% made by the stock over the past 5-years.

On October 02, 2023, Itau BBA Downgrade their recommendations, while on September 06, 2023, BofA Securities Upgrade their ratings for the stock with a price target of $12.50. Stock get an Overweight rating from Morgan Stanley on August 14, 2023.

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