The stock of Archer Daniels Midland Co. (NYSE:ADM) last traded at $60.72, down -1.91% from the previous session.
ADM stock price is now -1.16% away from the 50-day moving average and -10.59% away from the 200-day moving average. The market capitalization of the company currently stands at $30.02B.
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With the price target of $57, Citigroup recently initiated with Neutral rating for Archer Daniels Midland Co. (NYSE: ADM). , while ‘Stifel’ rates the stock as ‘Hold’
In other news, Strader Fruit Molly L, Vice Pres., Corp. Controller sold 6,904 shares of the company’s stock on May 22 ’24. The stock was sold for $419,280 at an average price of $60.73. Upon completion of the transaction, the Vice Pres., Corp. Controller now directly owns 8,555 shares in the company, valued at $0.52 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Jul 26 ’23, Vice Pres., Corp. Controller Strader Fruit Molly L sold 1,455 shares of the business’s stock. A total of $126,294 was realized by selling the stock at an average price of $86.80. This leaves the insider owning 10,809 shares of the company worth $0.66 million. A total of 0.63% of the company’s stock is owned by insiders.
During the past 12 months, Archer Daniels Midland Co. has had a low of $50.72 and a high of $87.30. As of last week, the company has a debt-to-equity ratio of 0.49, a current ratio of 1.47, and a quick ratio of 0.88. The fifty day moving average price for ADM is $61.4816 and a two-hundred day moving average price translates $67.7856 for the stock.
The latest earnings results from Archer Daniels Midland Co. (NYSE: ADM) was released for 2024-03-31. The net profit margin was 3.32% and return on equity was 12.65% for ADM. The company reported revenue of $21.85 billion for the quarter, compared to $24.07 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -9.24 percent.
