1.59% volatility in Agree Realty Corp. (ADC) last month: This is a red flag warning

Agree Realty Corp. (NYSE: ADC) on Tuesday, plunged -0.40% from the previous trading day, before settling in for the closing price of $57.07. Within the past 52 weeks, ADC’s price has moved between $52.69 and $69.26.

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A company in the Real Estate sector has jumped its sales by 31.51% annually for the last half of the decade. The company achieved an average annual earnings per share of 6.47%. With a float of $98.70 million, this company’s outstanding shares have now reached $100.52 million.

In an organization with 72 employees, it is important to assess its efficiency.

Agree Realty Corp. (ADC) Insider Updates

Observing investor behavior towards REIT – Retail industry stocks is more important than anything else. The insider ownership of Agree Realty Corp. is 1.81%, while institutional ownership is 103.11%. The most recent insider transaction that took place on Mar 14 ’24, was worth 24,898. In this transaction CHIEF ACCOUNTING OFFICER of this company bought 450 shares at a rate of $55.33, taking the stock ownership to the 10,441 shares. Before that another transaction happened on Feb 29 ’24, when Company’s EXECUTIVE CHAIRMAN OF BOARD bought 16,000 for $55.50, making the entire transaction worth $888,000. This insider now owns 135,855 shares in total.

Agree Realty Corp. (ADC) Performance Highlights and Predictions

As on 12/30/2023, Multinational firm has announced its last quarter scores, in which it reported $0.41 earnings per share (EPS) for the period falling under the consensus outlook (set at $0.45) by -$0.04. Wall Street market experts anticipate that the next fiscal year will bring earnings of 0.46 per share during the current fiscal year.

According to the Wall Street analysts, stocks earnings will be around 6.47% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 2.01% during the next five years compared to -0.98% drop over the previous five years of trading.

Agree Realty Corp. (NYSE: ADC) Trading Performance Indicators

Agree Realty Corp. (ADC) is currently performing well based on its current performance indicators. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 10.63. Likewise, its price to free cash flow for the trailing twelve months is 14.72.

For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 1.70, a number that is poised to hit 0.45 in the next quarter and is forecasted to reach 1.84 in one year’s time.

Technical Analysis of Agree Realty Corp. (ADC)

Let’s dig in a bit further. During the last 5-days, its volume was 0.9 million. That was inferior than the volume of 1.08 million it reported in year-ago period. As of the previous 9 days, the stock’s Stochastic %D was 87.23%. Additionally, its Average True Range was 0.94.

During the past 100 days, Agree Realty Corp.’s (ADC) raw stochastic average was set at 26.53%, which indicates a significant decrease from 72.60% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 18.65% in the past 14 days, which was lower than the 20.72% volatility it showed in the past 100 days.

At the time of writing, stock’s 50-day Moving Average is $57.46, while its 200-day Moving Average is $59.98. However, in the short run, Agree Realty Corp.’s stock first resistance to watch stands at $57.24. Second resistance stands at $57.64. The third major resistance level sits at $58.06. If the price goes on to break the first support level at $56.42, it is likely to go to the next support level at $56.00. Assuming the price breaks the second support level, the third support level stands at $55.60.

Agree Realty Corp. (NYSE: ADC) Key Stats

Market capitalization of the company is 5.71 billion based on 100,519K outstanding shares. Right now, sales total 537,500 K and income totals 169,960 K. The company made 144,170 K in profit during its latest quarter, and 45,960 K in sales during its previous quarter.