AGNC Investment (AGNC) stock consensus forecasts for 2024.
Last update: 10/11/2024, 12:00 AM
Brief information about AGNC Investment Corp.
Last trading day: 01/01/1970
Analyst forecast price: $9.18
52-week high/low: $10.65 / $6.64
Shares of AGNC Investment Corp. are traded on the stock exchange under the ticker AGNC and belong to the "Real Estate" sector. The head office is currently located at: 2 BETHESDA METRO CENTER 12TH FLOOR, BETHESDA, MD, US. The market capitalization of AGNC Investment is $6 570 127 000. At the same time, the number of shares in circulation is 671 106 000. The PE ratio according to the latest reporting is at around 20.4. P/E shows the investor how many years his investment in this business pays off. That is, investments in AGNC Investment shares will pay off in about 21 years. A very long payback period of investments, shares should be considered not as an investment idea, but as a speculative one.
AGNC Investment (AGNC) Forecast for 2024
After collecting analyst forecasts for AGNC Investment stock for 2024, we made one consensus forecast. For clarity, we will immediately build a forecast chart for 2024, which will include historical data on AGNC Investment stock prices. The gray color on the chart shows the historical price. The turquoise color shows the price forecast with a possible range of fluctuations.
The maximum share price target for this year is $11.97. This represents upside potential of 16.19% from current levels. The average return per month can be 8.09%.
The lowest price level the stock can fall to this year is $9.55. From the current price, the drop will be 7.91%.
Thus, in the period from the current date until the end of 2024, it is possible to form a channel with a resistance level of $11.97 and a support level of $9.55. The width of this channel is $2.42. According to the theory of technical analysis, a downward breakdown of the channel will open the way to $7. If the resistance level is broken, then the road to $14 per share of AGNC Investment will open.
What is the probability of exiting the channel up? Near the level of the upper border of the channel, the share price will be traded for only 1 month. The chances of breaking through the resistance level in this and subsequent periods are very small. If stocks break through the $11.97 resistance level and try to gain a foothold above it, then in the future they will most likely test this level from above and if the $11.97 mark holds, then this will be a new channel with new goals.
How about testing the strength of the support level? The price will remain near the support level for 1 month. Breaking through the resistance level is unlikely.
In addition, the real future price of one AGNC Investment share can be both higher and lower than the target forecast price, but approximately in the range between the pessimistic and optimistic target price.
| Month | Mid | Low | High | Range, % |
|---|---|---|---|---|
| November 2024 | 11.25 | 10.74 | 11.97 | 10.27 % |
| December 2024 | 10.61 | 9.55 | 11.03 | 13.50 % |
Forecast for November 2024.
It is predicted that the price of one AGNC Investment share in will be in the range of $10.74 to $11.97. The width of this range will be $1.23 (10.27%). The average price is $11.25, which is $11.25 higher than the average price of the previous month.
Forecast for December 2024.
It is predicted that the price of one AGNC Investment share in will be in the range of $9.55 to $11.03. The width of this range will be $1.49 (13.50%). The average price is $10.61, which is $0.64 less than the average price of the previous month.
