Why Small-Cap Stock Argan Surged 34% Today to a 52-Week High
(NYSE: AGX) stock absolutely crushed the markets on Friday, surging 34.4% in early morning trading and hitting a 52-week high. As of 11:15 a.m. ET Friday, the little-known small-cap stock, with a market capitalization of about $1.2 billion, was still up 26%.
Argan, which primarily builds energy plants like natural-gas power and renewable energy facilities, fueled investor interest in its stock today after reporting torrid revenue and earnings growth for its second quarter. Here's all you need to know.
Here are some key numbers from Argan's Q2 earnings report worth noting (all changes are year over year):
Source Fool.com
Argan Inc. Stock
€79.50
-1.240%
With 0 Sell predictions and 1 Buy predictions the community sentiment towards the Argan Inc. stock is not clear.
As a result the target price of 86 € shows a slightly positive potential of 8.18% compared to the current price of 79.5 € for Argan Inc..
