NYSE:AGXConstruction
Has Argan (AGX) Run Too Far After 8x Three Year Surge In Share Price?
If you are wondering whether Argan's share price still lines up with its fundamentals, the valuation story is where things start to get interesting.
At a last close of US$355.77, Argan's stock has returns of 0.6% over 7 days, 9.1% over 30 days, 9.1% year to date, 168.2% over 1 year and a very large 3 year return that is a little over 8x, with a 5 year return also very large.
These moves sit against a backdrop of ongoing interest in Argan as an engineering and construction contractor for...