Argan Common Stock Shares Outstanding vs Common Stock Analysis

AGX Stock  USD 70.63  1.30  1.88%   
Argan financial indicator trend analysis is way more than just evaluating Argan Inc prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Argan Inc is a good investment. Please check the relationship between Argan Common Stock Shares Outstanding and its Common Stock accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Argan Inc. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in price.

Common Stock Shares Outstanding vs Common Stock

Common Stock Shares Outstanding vs Common Stock Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Argan Inc Common Stock Shares Outstanding account and Common Stock. At this time, the significance of the direction appears to have almost identical trend.
The correlation between Argan's Common Stock Shares Outstanding and Common Stock is 0.93. Overlapping area represents the amount of variation of Common Stock Shares Outstanding that can explain the historical movement of Common Stock in the same time period over historical financial statements of Argan Inc, assuming nothing else is changed. The correlation between historical values of Argan's Common Stock Shares Outstanding and Common Stock is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Common Stock Shares Outstanding of Argan Inc are associated (or correlated) with its Common Stock. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Common Stock has no effect on the direction of Common Stock Shares Outstanding i.e., Argan's Common Stock Shares Outstanding and Common Stock go up and down completely randomly.

Correlation Coefficient

0.93
Relationship DirectionPositive 
Relationship StrengthVery Strong

Common Stock Shares Outstanding

The total number of shares of a company's common stock that are currently owned by all its shareholders.

Common Stock

Most indicators from Argan's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Argan Inc current financial condition. On the other hand, looking into the entire matrix of fundamental ratios indicators, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Argan Inc. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in price.
At this time, Argan's Selling General Administrative is fairly stable compared to the past year. Enterprise Value Over EBITDA is likely to rise to 10.83 in 2024, despite the fact that Discontinued Operations is likely to grow to (243.7 K).
 2021 2022 2023 2024 (projected)
Total Operating Expenses47.3M44.7M42.4M44.5M
Cost Of Revenue409.6M368.7M494.5M519.2M

Argan fundamental ratios Correlations

0.280.570.870.890.79-0.410.870.340.880.250.890.670.540.360.250.520.870.751.00.270.660.660.670.680.69
0.280.460.310.140.15-0.110.280.10.320.230.040.53-0.080.370.32-0.220.360.530.270.550.29-0.150.190.190.31
0.570.460.550.410.44-0.130.520.040.640.580.310.680.140.370.61-0.010.590.690.550.450.610.160.350.360.46
0.870.310.550.560.48-0.440.560.360.670.230.810.580.390.070.30.31.00.610.880.240.40.610.530.540.94
0.890.140.410.560.88-0.330.940.290.850.150.80.550.60.490.090.660.550.650.880.190.710.590.670.680.32
0.790.150.440.480.88-0.260.860.210.870.250.620.590.430.450.230.510.490.780.770.480.790.360.540.550.27
-0.41-0.11-0.13-0.44-0.33-0.26-0.16-0.98-0.140.14-0.570.07-0.590.070.16-0.54-0.42-0.13-0.44-0.08-0.32-0.06-0.55-0.55-0.56
0.870.280.520.560.940.86-0.160.10.870.430.660.730.340.630.370.360.580.790.850.40.810.470.510.520.3
0.340.10.040.360.290.21-0.980.10.06-0.220.55-0.20.64-0.15-0.260.580.320.010.370.040.260.090.590.590.47
0.880.320.640.670.850.87-0.140.870.060.350.620.830.410.540.430.380.70.880.850.340.670.450.590.60.46
0.250.230.580.230.150.250.140.43-0.220.35-0.050.57-0.20.320.94-0.490.290.520.230.560.6-0.080.070.070.13
0.890.040.310.810.80.62-0.570.660.550.62-0.050.270.690.04-0.10.730.770.390.910.030.460.780.690.70.68
0.670.530.680.580.550.590.070.73-0.20.830.570.27-0.010.680.67-0.110.630.930.640.450.540.160.270.280.42
0.54-0.080.140.390.60.43-0.590.340.640.41-0.20.69-0.01-0.03-0.240.870.340.080.54-0.30.220.570.940.930.32
0.360.370.370.070.490.450.070.63-0.150.540.320.040.68-0.030.37-0.030.120.640.330.220.47-0.090.140.15-0.08
0.250.320.610.30.090.230.160.37-0.260.430.94-0.10.67-0.240.37-0.540.360.590.220.540.51-0.150.050.050.22
0.52-0.22-0.010.30.660.51-0.540.360.580.38-0.490.73-0.110.87-0.03-0.540.240.040.53-0.330.180.580.710.710.2
0.870.360.591.00.550.49-0.420.580.320.70.290.770.630.340.120.360.240.670.880.290.430.560.50.510.94
0.750.530.690.610.650.78-0.130.790.010.880.520.390.930.080.640.590.040.670.720.630.720.130.350.360.47
1.00.270.550.880.880.77-0.440.850.370.850.230.910.640.540.330.220.530.880.720.260.640.670.670.680.71
0.270.550.450.240.190.48-0.080.40.040.340.560.030.45-0.30.220.54-0.330.290.630.260.69-0.25-0.05-0.050.19
0.660.290.610.40.710.79-0.320.810.260.670.60.460.540.220.470.510.180.430.720.640.690.130.40.40.21
0.66-0.150.160.610.590.36-0.060.470.090.45-0.080.780.160.57-0.09-0.150.580.560.130.67-0.250.130.530.530.41
0.670.190.350.530.670.54-0.550.510.590.590.070.690.270.940.140.050.710.50.350.67-0.050.40.531.00.43
0.680.190.360.540.680.55-0.550.520.590.60.070.70.280.930.150.050.710.510.360.68-0.050.40.531.00.44
0.690.310.460.940.320.27-0.560.30.470.460.130.680.420.32-0.080.220.20.940.470.710.190.210.410.430.44
Click cells to compare fundamentals

Argan Account Relationship Matchups

Argan fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets487.5M602.6M553.6M489.5M623.6M654.8M
Other Current Liab34.3M48.6M51.9M48.3M79.0M82.9M
Total Current Liabilities144.0M276.1M223.0M202.5M302.3M317.4M
Total Stockholder Equity339.2M320.7M326.4M280.9M290.9M305.5M
Property Plant And Equipment Net24.9M24.1M14.5M16.5M18.5M19.5M
Net Debt(165.2M)(364.6M)(346.8M)(172.4M)(191.7M)(182.1M)
Retained Earnings189.3M166.1M188.7M207.8M225.5M236.8M
Cash167.4M366.7M350.5M173.9M197.0M101.4M
Non Current Assets Total65.8M56.4M46.3M50.8M76.4M80.2M
Non Currrent Assets Other408K249K457K3.7M2.3M2.4M
Cash And Short Term Investments327.9M456.7M440.5M325.5M306.5M321.8M
Net Receivables70.6M55.3M31.9M74.9M201.4M211.5M
Common Stock Shares Outstanding15.6M15.8M15.9M14.2M13.5M8.1M
Liabilities And Stockholders Equity487.5M602.6M553.6M489.5M623.6M654.8M
Non Current Liabilities Total2.5M4.1M5.0M6.1M30.4M31.9M
Other Stockholder Equity148.7M153.3M137.8M73.6M66.7M62.3M
Total Liab146.5M280.2M228.0M208.6M332.6M349.3M
Property Plant And Equipment Gross22.5M24.1M14.5M16.5M40.1M42.1M
Total Current Assets421.8M546.2M507.3M438.7M547.2M574.5M
Short Term Debt1.6M2.1M1.4M1.6M2.7M1.6M
Other Current Assets23.3M34.1M34.9M38.3M29.3M30.7M
Accumulated Other Comprehensive Income(1.1M)(1.1M)(2.5M)(2.9M)(3.6M)(3.4M)
Accounts Payable35.4M53.3M41.8M56.4M39.5M29.8M
Common Stock Total Equity2.3M2.4M2.4M2.4M2.7M1.6M
Common Stock2.3M2.4M2.4M2.4M2.7M1.7M
Current Deferred Revenue72.7M172.0M127.9M96.3M181.1M190.1M
Other Assets7.9M249K457K3.7M4.2M4.5M
Property Plant Equipment22.5M20.4M10.5M10.4M12.0M7.7M
Good Will34.3M32.8M27.9M28.0M32.2M24.6M
Short Term Investments160.5M90.1M90.0M151.5M109.5M81.3M
Intangible Assets5.0M4.1M3.3M2.6M2.2M4.0M
Other Liab1.8M4.1M2.7M2.9M3.3M3.5M
Net Tangible Assets306.3M288.6M295.0M250.3M287.8M248.8M
Noncontrolling Interest In Consolidated Entity(196K)1.8M1.7M(797K)(916.6K)(870.7K)
Retained Earnings Total Equity189.3M166.1M188.7M207.8M239.0M148.9M
Capital Surpluse148.7M153.3M158.2M162.2M186.5M142.9M

Also Currently Popular

Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.
When determining whether Argan Inc offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Argan's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Argan Inc Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Argan Inc Stock:
Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Argan Inc. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in price.
Note that the Argan Inc information on this page should be used as a complementary analysis to other Argan's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Efficient Frontier module to plot and analyze your portfolio and positions against risk-return landscape of the market..

Complementary Tools for Argan Stock analysis

When running Argan's price analysis, check to measure Argan's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Argan is operating at the current time. Most of Argan's value examination focuses on studying past and present price action to predict the probability of Argan's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Argan's price. Additionally, you may evaluate how the addition of Argan to your portfolios can decrease your overall portfolio volatility.
Volatility Analysis
Get historical volatility and risk analysis based on latest market data
Insider Screener
Find insiders across different sectors to evaluate their impact on performance
My Watchlist Analysis
Analyze my current watchlist and to refresh optimization strategy. Macroaxis watchlist is based on self-learning algorithm to remember stocks you like
Price Exposure Probability
Analyze equity upside and downside potential for a given time horizon across multiple markets
Portfolio Volatility
Check portfolio volatility and analyze historical return density to properly model market risk
CEOs Directory
Screen CEOs from public companies around the world
Premium Stories
Follow Macroaxis premium stories from verified contributors across different equity types, categories and coverage scope
Instant Ratings
Determine any equity ratings based on digital recommendations. Macroaxis instant equity ratings are based on combination of fundamental analysis and risk-adjusted market performance
Portfolio Backtesting
Avoid under-diversification and over-optimization by backtesting your portfolios
Is Argan's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Argan. If investors know Argan will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Argan listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth
(0.10)
Dividend Share
1.1
Earnings Share
2.39
Revenue Per Share
42.898
Quarterly Revenue Growth
0.385
The market value of Argan Inc is measured differently than its book value, which is the value of Argan that is recorded on the company's balance sheet. Investors also form their own opinion of Argan's value that differs from its market value or its book value, called intrinsic value, which is Argan's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Argan's market value can be influenced by many factors that don't directly affect Argan's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Argan's value and its price as these two are different measures arrived at by different means. Investors typically determine if Argan is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Argan's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.