Archer Daniels Midland Co. (NYSE:ADM) does about 6.67M shares in volume on a normal day but saw 3107953 shares change hands in Monday trading. The company now has a market cap of 32.21B USD. Its current market price is $63.18, marking a decrease of -0.44% compared to the previous close of $63.46. The 52 week high reached by this stock is $87.30 whilst the lowest price level in 52 weeks is $50.72.
Archer Daniels Midland Co. (ADM) has a 20-day trading average at $61.14 and the current price is -27.63% off the 52-week high compared with 24.57% distance from its 52-week low. The 50-day simple moving average of the closing price is $56.74 and its 200-day simple moving average is $70.95. If we look at the stock’s price movements over the week, volatility stands at 1.30%, which increases to 2.06% over 1 month. It is also key to look at other market indicators of price movement for the stock, where we see that the relative strength index (RSI) is at 68.91 to suggest the stock is neutral.
The consensus objective for the share price is $64.84, suggesting that the stock has a potential upside of 2.56% over the period.
The company shares received a number of brokerage firm price updates over the past month, with the latest being on February 01, 2024 when Citigroup initiated the stock to “Neutral” and issued a price target of $57. Stifel downgraded its price target at $116-$56.
Archer Daniels Midland Co. (ADM) stock is up 1.33% over the week and 16.46% over the past month. Its price is -12.52% year-to-date and -20.44% over the past year.
To reach the target analysts have set, the stock logically needs to grow 2.56 percent from here.
Outstanding shares total 513.00M with insiders holding 0.83% of the shares and institutional holders owning 82.58% of the company’s common stock. The company has a return on investment of 10.45% and return on equity of 14.39%. The price to earnings ratio (P/E ratio) amounts to 9.86 while the forward price to earnings ratio is 10.81. The beta has a value of 0.77. Price to book ratio is 1.34 and price to sales ratio is 0.34.
