Archer Daniels Midland Co (ADM) concluded trading on Wednesday at a closing price of $51.87, with 3.81 million shares of worth about $197.76 million changed hands on the day. Half year performance of the stock remained negative as price took a plunge of -13.67% during that period and on November 13, 2024 the price saw a gain of about 0.86%. Currently the company’s common shares owned by public are about 513.00M shares, out of which, 474.95M shares are available for trading.
Stock saw a price change of -2.61% in past 5 days and over the past one month there was a price change of -10.06%. Year-to-date (YTD), ADM shares are showing a performance of -28.18% which decreased to -28.98% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $48.92 but also hit the highest price of $77.35 during that period. The average intraday trading volume for Archer Daniels Midland Co shares is 2.72 million. The stock is currently trading -5.33% below its 20-day simple moving average (SMA20), while that difference is down -9.81% for SMA50 and it goes to -12.48% lower 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 80.70% of that.
The stock has a current market capitalization of $24.80B and its 3Y-monthly beta is at 0.70. PE ratio of stock for trailing 12 months is 10.40, 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 1.91% while standing at 2.30% over the month.
Stock’s fiscal year EPS is expected to drop by -27.42% while it is estimated to increase by 1.30% in next year. EPS is likely to shrink at an annualized rate of -4.66% 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.
