ASGN Incorporated (NYSE:ASGN) went up by 1.58% during the previous trading session, and it is maintaining the win ahead of Tuesday’s trading session. The share price of the Staffing & Employment Services giant went up by $66.68 to trade ended Tuesday trading at $65.64. This is up from the $65.64 price recorded on Monday’s trading session. Thanks to this latest performance, ASGN is closer to the higher price 52-week target of $75.00 and further from the lowest price target of $50.00. Its performance from the start of the year has also been negative, with ASGN down by -6.04% year-to-date.
ASGN Incorporated (ASGN) started the day trading at $65.16 and recorded an intraday high of $67.215. It also recorded an intraday low of $65.16 during Tuesday’s trading session. ASGN Incorporated is a very active stock that recorded a trading volume that is less than -6.25% of the average daily trading volume on Tuesday. The stock’s trading volume on Tuesday was 387724, which is less than -6.25 of the total average daily trading volume of 411.95K.
ASGN Incorporated (NYSE:ASGN) 2020 Performance Impressive
The increase in ASGN’s stock price on Tuesday saw its overall performance boost over the past few months. We can quantify the performance of the stock so far this year using a few metrics. The 52-week high price of ASGN currently stands at $72.66, which is higher than the current trading price of the stock by 8.23%. However, ASGN’s current trading price is -129.61% lower than the 52-week low price of $29.04. In terms of trading volume, ASGN Incorporated currently experienced healthy participation during the last trading session. 387724 shares of ASGN Incorporated were traded on the stock exchange on Tuesday, which is less than -6.25% of the 411.95K average trading volume of the stock.
The performance of the stock has been positive over the past year. ASGN’s performance over the past one year has seen it surge by 11.00%, while the stock has gone down by -6.96% in the last six months. The quarterly performance of ASGN currently stands at 88.79%, and it is up by 5.94% in the last month. The only positive figure was from the weekly performance, which currently reads 1.86%. At the time of writing ASGN’s report, the company has a total market cap of $3.55B, making it one of the largest publicly-traded companies in the world.ASGN Incorporated also has over 4300 employees all over the world.
ASGN Insider Activities
For ASGN Incorporated, insiders hold 94.40% of all company shares. The insider transactions over the past six months are up by 6.90%. During that period, insiders bought 179,385 shares in 35 transactions. In that same period, insiders sold 76,623 of their shares in 43 transactions. After these transactions, insiders at ASGN Incorporated now hold 2.2M shares, which is over 94.75% of the total company stocks. Institutional investors currently hold a large chunk of the ASGN shares, as they control 4.18% of the company’s total stock.
ASGN Fundamental Analysis
For ASGN Incorporated, the stock’s diluted earnings per share (EPS) stands at 3.44. In the coming year, analysts expect the EPS to be 4.31. The EPS growth will up over the next five years to 10.00% after surging by 19.30% in the previous five years. In terms of revenue, ASGN Incorporated’s quarterly sales (YOY) is growing at 0.87, which is lower than the average annual revenue of 19.30% over the past half a decade.
The Return on Investment (ROI) on ASGN Incorporated’s stock currently stands at 10.20%, and it has a net profit margin of 4.60%. The operating margin of the company is 7.90%, and its gross margin is 28.70%.
ASGN Analysts Prediction
In February 19, 2020, several analysts reiterated their positions on the ASGN Incorporated stock and predicted its performance to their investors. The analysts at Jefferies believe ASGN is still a Hold and set the price target between $70 and $65.
Analysts at RBC Capital Mkts believe that ASGN is Outperform, and they have a price target of between $59 and $61. Deutsche Bank and Deutsche Bank also believe that ASGN Incorporated’s stock is outperforming at the moment. ASGN received a positive rating from RBC Capital Mkts, which set a price target of $52-$55 for the stock.
At the moment, ASGN Incorporated’s Total Debt to Equity ratio stands at 0.76, and they have a long-term Debt to Equity ratio of 0.76.
ASGN Technical Analysis
The Simple Moving Average (SMA) is one of the most powerful technical indicators. The 20-day Simple Moving Average of ASGN currently stands at 3.27%, while the SMA50 is 17.08%. The biggest one is the SMA200, which is currently reading 13.66% ahead of Tuesday’s trading session. The Relative Strength Index of this stock is 59.32, while its price to earnings ratio (P/E) is 19.37.