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- 1 Over the past 1 year, Agilent stock price witnessed an over 3% price drop
- 2 In the last 1 month, A stock price noted a 0.15% decline in price.
Agilent Technologies Inc. (NYSE: A) stock price has shown a bearish trend with reasonable trading volume over the past one month. The bears were clearly in good numbers as the stock plummeted. Notably, after the release of the quarter (Q2) 2023 reports, A stock price came under strong bearish pressure.
A Stock Price Analysis
While under a bearish trend, A stock price closed at $117.00 with a 1% decline in its price on July 7, 2023, Friday. The stock price opened at $117.67, rose up to $119.08 while the low was $116.89 in its Friday’s trading session. Notably, the closing price of A stock price was near to its 20-day moving average, as per the data sourced from TradingView, a web-based social network for traders.
As the above price chart shows, after the Q2 2023 reports, A stock price accumulated bears with reasonable trading volume. As the bears dominated the trading sessions over the last 1 month, the RSI of Agilent Technologies stock also dropped down. It must be noted that, Agilent Technologies stock price was trading near to its 20-day moving average for nearly 2 months.
According to the price target set by analysts, it is at $142.77 which is almost 22% up from the recent closing price of A stock. Their maximum estimate is at $163.00 whereas minimum estimate is at $125.00.
Agilent Technologies Inc.’s Financial Report
Agilent Technologies Inc. (NYSE: A), a consumer electronics company has a market capitalization of $34.55 Billion. The company released its second (Q2) report on May 23, 2023, which showed its reported earnings per share (EPS) was $1.27, whereas the estimation was $1.26. Additionally, the reported revenue was $1.71 Billion while the estimation was $1.68 Billion.
For the upcoming quarterly reports, the estimate for EPS is $1.36. Meanwhile, the revenue is expected to reach $1.66 Billion.
Last year, Agilent Technologies Inc.’s revenue amounted to $6.84 Billion. Out of which, nearly $4.01 Billion came from its highest performing source at the moment, Life Sciences and Applied Markets. Meanwhile, the U.S. is the greatest contributor to revenue as last year it brought it to $2.38 Billion.
Disclaimer
The views and opinions stated by the author, or any people named in this article, are for informational ideas only and do not establish financial, investment, or other advice. Investing in or trading crypto or stock comes with a risk of financial loss.
Mr. Pratik chadhokar is an Indian Forex, Cryptocurrencies and Financial Market Advisor and analyst with a background in IT and Financial market Strategist. He specialises in market strategies and technical analysis and has spent over a year as a financial markets contributor and observer. He possesses strong technical analytical skills and is well known for his entertaining and informative analysis of the Financial markets.
