For the readers interested in the stock health of Agree Realty Corporation (ADC). It is currently valued at $71.45. When the transactions were called off in the previous session, Stock hit the highs of $73.90, after setting-off with the price of $73.35. Company’s stock value dipped to $72.98 during the trading on the day. When the trading was stopped its value was $73.72.
Recently in News on June 11, 2021, Agree Realty Announces Pricing of Common Stock Offering. Agree Realty Corporation (NYSE: ADC) (the “Company”) today announced that it has priced an underwritten public offering of 4,000,000 shares of its common stock for expected gross proceeds of approximately $286 million, before deducting estimated offering expenses. The closing of the offering is expected to occur on or about June 15, 2021, subject to the satisfaction of customary closing conditions. In connection with the offering, the Company expects to grant the underwriter a 30-day option to purchase up to an additional 600,000 shares of common stock. You can read further details here
Agree Realty Corporation had a pretty favorable run when it comes to the market performance. The 1-year high price for the company’s stock is recorded $73.90 on 06/10/21, with the lowest value was $61.27 for the same time period, recorded on 03/04/21.
Agree Realty Corporation (ADC) full year performance was 12.10%
Price records that include history of low and high prices in the period of 52 weeks can tell a lot about the stock’s existing status and the future performance. Presently, Agree Realty Corporation shares are logging -3.32% during the 52-week period from high price, and 16.69% higher than the lowest price point for the same timeframe. The stock’s price range for the 52-week period managed to maintain the performance between $61.23 and $73.90.
The company’s shares, operating in the sector of Real Estate managed to top a trading volume set approximately around 1458388 for the day, which was evidently higher, when compared to the average daily volumes of the shares.
When it comes to the year-to-date metrics, the Agree Realty Corporation (ADC) recorded performance in the market was 10.72%, having the revenues showcasing 11.99% on a quarterly basis in comparison with the same period year before. At the time of this writing, the total market value of the company is set at 4.73B, as it employees total of 49 workers.
Specialists analysis on Agree Realty Corporation (ADC)
During the last month, 0 analysts gave the Agree Realty Corporation a BUY rating, 0 of the polled analysts branded the stock as an OVERWEIGHT, 0 analysts were recommending to HOLD this stock, 0 of them gave the stock UNDERWEIGHT rating, and 0 of the polled analysts provided SELL rating.
According to the data provided on Barchart.com, the moving average of the company in the 100-day period was set at 67.71, with a change in the price was noted +7.44. In a similar fashion, Agree Realty Corporation posted a movement of +11.62% for the period of last 100 days, recording 672,924 in trading volumes.
Total Debt to Equity Ratio (D/E) can also provide valuable insight into the company’s financial health and market status. The debt to equity ratio can be calculated by dividing the present total liabilities of a company by shareholders’ equity. Debt to Equity thus makes a valuable metrics that describes the debt, company is using in order to support assets, correlating with the value of shareholders’ equity The total Debt to Equity ratio for ADC is recording 0.49 at the time of this writing. In addition, long term Debt to Equity ratio is set at 0.49.
Trends and Technical analysis: Agree Realty Corporation (ADC)
Raw Stochastic average of Agree Realty Corporation in the period of last 50 days is set at 64.25%. The result represents improvement in oppose to Raw Stochastic average for the period of the last 20 days, recording 60.20%. In the last 20 days, the company’s Stochastic %K was 84.64% and its Stochastic %D was recorded 91.50%.
Now, considering the stocks previous presentation, multiple moving trends are noted. Year-to-date Price performance of the company’s stock appears to be pessimistic, given the fact the metric is recording 10.72%. Additionally, trading for the stock in the period of the last six months notably improved by 11.02%, alongside a boost of 12.10% for the period of the last 12 months. The shares increased approximately by 2.90% in the 7-day charts and went down by 7.68% in the period of the last 30 days. Common stock shares were driven by 11.99% during last recorded quarter.