6.15% percent quarterly performance for AGCO Corp. (AGCO) is not indicative of the underlying story

On Tuesday, AGCO Corp. (NYSE: AGCO) was -1.63% drop from the session before settling in for the closing price of $101.89. A 52-week range for AGCO has been $84.35 – $127.35.

Over the past five-year period, the growth rate of yearbook sales for the company of the Industrials sector was 9.42%. When this article was written, the company’s average yearly earnings per share was at -48.98%. With a float of $61.98 million, this company’s outstanding shares have now reached $74.52 million.

Considering the fact that the conglomerate employs 27900 people, you should pay attention to its efficiency factor. In terms of profitability, gross margin is 25.96%, operating margin of 10.39%, and the pretax margin is 3.49%.

AGCO Corp. (AGCO) Insider Activity

Also, it is sometimes useful to examine the sentiment of large-scale investors toward AGCO Corp. stocks. The insider ownership of AGCO Corp. is 16.97%, while institutional ownership is 80.97%. The most recent insider transaction that took place on Aug 08 ’24, was worth 124,916. In this transaction Director of this company bought 1,415 shares at a rate of $88.28, taking the stock ownership to the 8,422 shares. Before that another transaction happened on Aug 07 ’24, when Company’s Director bought 1,800 for $87.69, making the entire transaction worth $157,842. This insider now owns 20,465 shares in total.

AGCO Corp. (AGCO) Earnings and Forecasts

Going through the last 3-months fiscal report unveiled on the 6/30/2024, it has been observed that the corporation posted 3.97 earnings per share (EPS) during the time that was better than consensus figure (set at 3.3) by 0.67. Wall Street market experts anticipate that the next fiscal year will bring earnings of 2.01 per share during the current fiscal year.

According to the Wall Street analysts, stocks earnings will be around -48.98% per share during the next fiscal year.

AGCO Corp. (NYSE: AGCO) Trading Performance Indicators

You can see what AGCO Corp. (AGCO) is doing with its current performance indicators. In the most recent quarter, the stock posted a quick ratio of 0.72. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 0.56. Likewise, its price to free cash flow for the trailing twelve months is 8.70.

For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 5.60, a number that is poised to hit 1.08 in the next quarter and is forecasted to reach 7.34 in one year’s time.

Technical Analysis of AGCO Corp. (AGCO)

Compared to the last year’s volume of 0.76 million, its volume of 0.67 million showed lagged in the last five days. As of the previous 9 days, the stock’s Stochastic %D was 67.26%. Additionally, its Average True Range was 2.18.

During the past 100 days, AGCO Corp.’s (AGCO) raw stochastic average was set at 74.76%, which indicates a significant increase from 64.30% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 19.91% in the past 14 days, which was lower than the 26.70% volatility it showed in the past 100 days.

At the time of writing, stock’s 50-day Moving Average is $94.71, while its 200-day Moving Average is $105.39. Nevertheless, the first resistance level for the watch stands at $101.14 in the near term. At $102.04, the stock is likely to face the second major resistance level. The third major resistance level sits at $102.70. If the price goes on to break the first support level at $99.58, it is likely to go to the next support level at $98.92. Should the price break the second support level, the third support level stands at $98.02.

AGCO Corp. (NYSE: AGCO) Key Stats

There are 74,642K outstanding shares of the company, which has a market capitalization of 7.48 billion. As of now, sales total 14,412 M while income totals 1,171 M. Its latest quarter income was 3,247 M while its last quarter net income were -367,100 K.