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How to buy Argan stock in Canada | $49.1

Own Argan shares in just a few minutes.

Argan, Inc
NYSE: AGX - USD
ENGINEERING & CONSTRUCTION
$45.29
+$0.55 (+1.23%)

Argan is an engineering & construction business based in the US. Argan stocks (AGX.US) are listed on the NYSE and all prices are listed in US Dollars. Its last market close was $47.92 – an increase of 1.55% over the previous week. Argan employs 1,473 staff and has a trailing 12-month revenue of around $458.4 million.

How to buy Argan stock in Canada

  1. Choose a platform. If you're a beginner, our stock trading table below can help you choose.
  2. Open your account. You'll need your ID, bank details and national insurance number.
  3. Confirm your payment details. You'll need to fund your account with a bank transfer, debit card or credit card.
  4. Search the platform for stock code: AGX in this case.
  5. Research Argan stocks. The platform should provide the latest information available.
  6. Buy your Argan stocks. It's that simple.

How has Coronavirus impacted Argan's stock price?

Since the stock market crash in March caused by coronavirus, Argan's stock price has had significant positive movement.

Its last market close was $49.1, which is 6.31% up on its pre-crash value of $46 and 64.15% up on the lowest point reached during the March crash when the stocks fell as low as $29.9116.

If you had bought $1,000 worth of Argan stocks at the start of February 2020, those stocks would have been worth $896.76 at the bottom of the March crash, and if you held on to them, then as of the last market close they'd be worth $1,153.85.

Argan stock price

Use our graph to track the performance of AGX stocks over time.

Argan stocks at a glance

Information last updated 2021-07-30.
Latest market close$49.1
52-week range$38.5469 - $55.4185
50-day moving average $46.3959
200-day moving average $48.6828
Wall St. target price$60.5
PE ratio 20.2338
Dividend yield $1 (2.24%)
Earnings per share (TTM) $2.224

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Note: The dollar amounts in the table below are in Canadian dollars.

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Is it a good time to buy Argan stock?

The technical analysis gauge below displays real-time ratings for the timeframes you select. This is not a recommendation, however. It represents a technical analysis based on the most popular technical indicators: Moving Averages, Oscillators and Pivots. Finder might not concur and takes no responsibility.

Argan price performance over time

Historical closes compared with the last close of $49.1

1 month (2021-07-02) 3.43%
3 months (2021-05-04) -2.21%

Is Argan under- or over-valued?

Valuing Argan stock is incredibly difficult, and any metric has to be viewed as part of a bigger picture of Argan's overall performance. However, analysts commonly use some key metrics to help gauge the value of a stock.

Argan's P/E ratio

Argan's current share price divided by its per-share earnings (EPS) over a 12-month period gives a "trailing price/earnings ratio" of roughly 20x. In other words, Argan stocks trade at around 20x recent earnings.

That's relatively low compared to, say, the trailing 12-month P/E ratio for the NASDAQ 100 at the end of 2019 (27.29). The low P/E ratio could mean that investors are pessimistic about the outlook for the stocks or simply that they're under-valued.

Argan's EBITDA

Argan's EBITDA (earnings before interest, taxes, depreciation and amortisation) is USD$47.8 million.

The EBITDA is a measure of a Argan's overall financial performance and is widely used to measure a its profitability.

Argan financials

Revenue TTM USD$458.4 million
Operating margin TTM 9.42%
Gross profit TTM USD$60.2 million
Return on assets TTM 4.77%
Return on equity TTM 10.59%
Profit margin 7.72%
Book value $20.868
Market capitalisation USD$709.6 million

TTM: trailing 12 months

How to short and sell Argan stocks

  1. Create a CFD or spread betting account.
  2. Search for the stock code. E.g. "AGX.US"
  3. Choose your position size.
  4. Select "sell" rather than "buy".
  5. Confirm your position and keep tabs on it. You may wish to set limits on your position.

There are currently 169,587 Argan stocks held short by investors – that's known as Argan's "short interest". This figure is 10.8% down from 190,072 last month.

There are a few different ways that this level of interest in shorting Argan stocks can be evaluated.

Argan's "short interest ratio" (SIR)

Argan's "short interest ratio" (SIR) is the quantity of Argan stocks currently shorted divided by the average quantity of Argan stocks traded daily (recently around 66766.535433071). Argan's SIR currently stands at 2.54. In other words for every 100,000 Argan stocks traded daily on the market, roughly 2540 stocks are currently held short.

However Argan's short interest can also be evaluated against the total number of Argan stocks, or, against the total number of tradable Argan stocks (the shares that aren't held by "insiders" or major long-term shareholders – also known as the "float"). In this case Argan's short interest could be expressed as 0.01% of the outstanding stocks (for every 100,000 Argan stocks in existence, roughly 10 stocks are currently held short) or 0.0113% of the tradable stocks (for every 100,000 tradable Argan stocks, roughly 11 stocks are currently held short).

Such a low SIR usually points to an optimistic outlook for the stock price, with fewer people currently willing to bet against Argan.

Find out more about how you can short Argan stock.

Argan stock dividends

89%

Dividend payout ratio: 89.44% of net profits

Recently Argan has paid out, on average, around 89.44% of net profits as dividends. That has enabled analysts to estimate a "forward annual dividend yield" of 2.22% of the current stock value. This means that over a year, based on recent payouts (which are sadly no guarantee of future payouts), Argan shareholders could enjoy a 2.22% return on their shares, in the form of dividend payments. In Argan's case, that would currently equate to about $1 per share.

Argan's payout ratio would broadly be considered high, and as such this stock could appeal to those looking to generate an income. Bear in mind however that companies should normally also look to re-invest a decent amount of net profits to ensure future growth.

Argan's most recent dividend payout was on 29 July 2021. The latest dividend was paid out to all shareholders who bought their stocks by 20 July 2021 (the "ex-dividend date").

Have Argan stocks ever split?

Argan stocks were split on a 1:15 basis on 8 October 2001. So if you had owned 15 shares the day before before the split, the next day you'd have owned 1 share. This wouldn't directly have changed the overall worth of your Argan stocks – just the quantity. However, indirectly, the new 1400% higher stock price could have impacted the market appetite for Argan stocks which in turn could have impacted Argan's stock price.

Argan stock price volatility

Over the last 12 months, Argan's stocks have ranged in value from as little as $38.5469 up to $55.4185. A popular way to gauge a stock's volatility is its "beta".

AGX.US volatility(beta: 0.54)Avg. volatility(beta: 1.00)LowHigh

Beta is a measure of a stocks volatility in relation to the market. The market (NYSE average) beta is 1, while Argan's is 0.5441. This would suggest that Argan's stocks are less volatile than average (for this exchange).

Argan overview

Argan, Inc., through its subsidiaries, provides engineering, procurement, construction, commissioning, operations management, maintenance, project development, technical, and consulting services to the power generation and renewable energy markets. The company operates through three segments: Power Industry Services, Industrial Fabrication and Field Services, and Telecommunications Infrastructure Services. The Power Industry Services segment offers engineering, procurement, and construction (EPC) contracting services to the owners of alternative energy facilities, such as biomass plants, wind farms, and solar fields; and design, construction, project management, start-up, and operation services for projects with approximately 15 gigawatts of power-generating capacity. This segment serves independent power project owners, public utilities, power plant equipment suppliers, and energy plant construction companies. The Industrial Fabrication and Field Services segment provides industrial field, and pipe and vessel fabrication services for forest products, industrial gas, large fertilizer, mining, and petrochemical companies in southeast region of the United States. The Telecommunications Infrastructure Services segment offers trenchless directional boring and excavation for underground communication and power networks, as well as aerial cabling services; and installs buried cable, high and low voltage electric lines, and private area outdoor lighting systems. It also provides structuring, cabling, terminations, and connectivity that offers the physical transport for high speed data, voice, video, and security networks. This segment serves state and local government agencies, regional communications service providers, electric utilities, and other commercial customers, as well as federal government facilities comprising cleared facilities in the mid-Atlantic region of the United States. Argan, Inc. was incorporated in 1961 and is headquartered in Rockville, Maryland.

Frequently asked questions

Disclaimer: This information should not be interpreted as an endorsement of futures, stocks, ETFs, CFDs, options or any specific provider, service or offering. It should not be relied upon as investment advice or construed as providing recommendations of any kind. Futures, stocks, ETFs and options trading involves substantial risk of loss and therefore are not appropriate for all investors. Trading CFDs and forex on leverage comes with a higher risk of losing money rapidly. Past performance is not an indication of future results. Consider your own circumstances, and obtain your own advice, before making any trades.

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