Archer Daniels Midland Co. (ADM) concluded trading on Thursday at a closing price of $62.45, with 4.25 million shares of worth about $265.72 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 1.86% during that period and on September 19, 2024 the price saw a gain of about 3.17%. Currently the company’s common shares owned by public are about 513.00M shares, out of which, 474.89M shares are available for trading.
Stock saw a price change of 4.75% in past 5 days and over the past one month there was a price change of 5.83%. Year-to-date (YTD), ADM shares are showing a performance of -13.53% which decreased to -21.05% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $50.72 but also hit the highest price of $80.14 during that period. The average intraday trading volume for Archer Daniels Midland Co. shares is 3.16 million. The stock is currently trading 3.77% above its 20-day simple moving average (SMA20), while that difference is up 2.54% for SMA50 and it goes to 1.29% higher than SMA200.
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Archer Daniels Midland Co. (NYSE: ADM) currently have 513.00M outstanding shares and institutions hold larger chunk of about 81.23% of that.
The stock has a current market capitalization of $29.86B and its 3Y-monthly beta is at 0.71. PE ratio of stock for trailing 12 months is 12.52, while it has posted earnings per share of $4.99 in the same period. It has Quick Ratio of 0.88 while making debt-to-equity ratio of 0.54. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for ADM, volatility over the week remained 1.73% while standing at 1.77% over the month.
Stock’s fiscal year EPS is expected to drop by -22.50% while it is estimated to increase by 0.57% in next year. EPS is likely to shrink at an annualized rate of -4.90% for next 5-years, compared to annual growth of 15.02% made by the stock over the past 5-years.
Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by Citigroup on February 01, 2024 offering a Neutral rating for the stock and assigned a target price of $57 to it. On January 22, 2024, Stifel Downgrade their recommendations, while on January 22, 2024, ROTH MKM Downgrade their ratings for the stock with a price target of $66. Stock get a Neutral rating from Robert W. Baird on January 22, 2024.
