Agilent Technoligies Inc. (A Stock)

Agilent Technologies Inc. (NYSE: A), an emerging giant in life sciences, is also impacting the tech industry’s financial arena; A stock swelled 1.28%. Agilent operates in life sciences, diagnostics, and applied chemical markets. The company recently shared its interest in acquiring Abcam, a British biotech supplier. 

Agilent Technologies Inc. (A Stock) – Financial Analysis

As per the experts, the company is growing slowly, and despite being fairly valued in the market, investors agree that this growth might add long-term value to the shareholders. Agilent Technologies has been has been pushing the boundaries of innovation and technology. 

Harbor Capital Advisors Inc. bought a new position in the company in Q1 2023, with a current portfolio worth $835k. Natixis Investment Managers International increased stakes by 2.0% in Q4 2022; it now owns 3,245 shares worth $486k. Pinnacle Associates Ltd. also hiked its position by 1.1% in Q4, owning 5,965 shares worth $893k. 

Many other institutional investors and hedge funds altered their position in the company. Indicative of the increasing brand image of the company. Also, one of its competitors Crowdstrike Holding Inc. (NASDAQ: CRWD), dropped 3.09% to $146.13. 

At press time, A Stock is trading at $120.00, gaining 1.28%; previous close and open were at $118.48 and $120.00, respectively. The 52-week range is from $113.02 to $160.26. This indicates that the price is now close to the lower end of the spectrum. With an average volume of 1.70 Million shares, the market cap is at $35.481 Billion. 

The trailing twelve-month (ttm) price-to-earnings (P/E) ratio is $26.49, indicating fair value. At the same time, the (ttm) earnings per share (EPS) is $4.53. Analysts placed a 2.79 rating for moderate buy and estimated a price target at $151.06 with an upside of 25.9%. 

The last earnings were reported on May 23, 2023, where the reported revenue of $1.714 Billion surpassed the expected value of $1.683 Billion by 1.82%. Also, the earnings were reported to be $1.27 per share exceeding the expectations of $1.264 by 0.48%. The subsequent earnings will be posted on August 15, 2023, where the estimated revenue is $1.66 Billion, and earnings shall be $1.364 per share. 

Per April 2023 data, the revenue gained 6.85% to $1.72 Billion, and the (ttm) revenue is $7.04 Billion. The year-over-year (YoY) quarterly revenue growth swelled by 6.80%. Operating expenses gained 3.26% to $538.00 Million while operating margin (ttm) hiked by 24.78%. 

Total cash in hand at the end of the most recent quarter is $1.18 Billion, while the total debt in a similar time frame is $2.89 Billion. Gross profit (ttm) is said to be $3.72 Billion. NYSE: A rallied 0.88% weekly, dropping 13.78% in three months and 21.03% YTD. 

Agilant Technologies Inc. (A Stock) – Candle Exploration

Despite a positive earnings report, the share price dropped nearly 10.56%, creating a gap. Price action since then has been trying to surpass the Gap to be covered. Also, the current price is close to a 52-week low and bouncing off the demand zone. The share price is expected to consolidate in a narrow range, sometimes entering the zone. Good market news can push the price to fill the zone. 

An upward momentum could be possible after the price crosses R1 at $130.74; the price could consolidate before deciding on a further trajectory. A descending EMA gives weak signals, while ascending RSI at $51.08 projects strength and foreshadows momentum. 

Disclaimer:

The views and opinions stated by the author, or any people named in this article, are for informational purposes only and do not establish financial, investment, or other advice. Investing in or trading crypto assets & stocks comes with a risk of financial loss.

Steve Anderson is an Australian crypto enthusiast. He is a specialist in management and trading for over 5 years. Steve has worked as a crypto trader, he loves learning about decentralisation, understanding the true potential of the blockchain.

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