Avoid the stress of overpaying for a stock or missing an opportunity by using the right tools and insights to evaluate Alico Inc before investing.

In this article, we go over a few key elements for understanding Alico Inc’s stock price such as:

• Alico Inc’s current stock price and volume
• Why Alico Inc’s stock price changed recently
• Upgrades and downgrades for ALCO from analysts
• ALCO’s stock price momentum as measured by its relative strength

About Alico Inc (ALCO)

Before we jump into Alico Inc’s stock price, history, target price and what caused it to recently rise, let’s take a look at some background.

Alico, Inc. is an agribusiness and land management company. The Company is engaged in the sale of its citrus products, providing services to citrus groves owned by third parties, and grazing and hunting leasing. Its segments include Alico Citrus and Land Management and Other Operations. Alico Citrus segment is engaged in planting, owning, cultivating and/or managing citrus groves to produce fruit for sale to fresh and processed citrus markets, including activities related to the purchase and resale of fruit and value-added services, which include contracting for the harvesting, marketing and hauling of citrus. Its Land Management and Other Operations segment includes activities related to native plant sales, grazing and hunting leasing, management and/or conservation of unimproved native pastureland and activities related to rock mining royalties and other insignificant lines of business. It owns over 73,000 acres of land and 90,000 acres of mineral rights throughout Florida.

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Alico Inc’s Stock Price as of Market Close

As of August 06, 2024, 4:00 PM, CST, Alico Inc’s stock price was $28.66.

Alico Inc is up 4.48% from its previous closing price of $27.43.

During the last market session, Alico Inc’s stock traded between $26.75 and $27.88. Currently, there are 7.62 million shares of Alico Inc stock available for purchase.

Alico Inc’s price-earnings (P/E) ratio is currently at 5.2, which is low compared to the Fishing & Farming industry median of 10.3. The price-earnings ratio gauges market expectation of future performance by relating a stock’s current share price to its earnings per share.

Alico Inc Stock Price History

Alico Inc’s (ALCO) price is currently down 2.68% so far this month.

During the month of August, Alico Inc’s stock price has reached a high of $30.05 and a low of $26.14.

Over the last year, Alico Inc has hit prices as high as $31.00 and as low as $23.22. Year to date, Alico Inc’s stock is up 20.07%.

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What Caused Alico Inc Stock’s Price to Rise?

Stock prices are primarily based on seller supply and buyer demand. But have you ever wondered about what other factors affect a stock's price?

When an analyst changes their opinion of a stock by upgrading or downgrading their rating, it often leads to a sudden stock price adjustment. As of August 05, 2024, there was 1 analyst who downgraded Alico Inc’s stock and 0 analysts who upgraded over the last month.

Additionally, you'll want to evaluate Alico Inc’s financial health and valuation. Investors can use AAII's Value Grade, which combines six key valuation metrics like P/E and P/S ratios for a comprehensive analysis to conduct analysis on Alico Inc’s valuation and financial health. This approach mitigates the limitations of single-metric evaluations.

Alico Inc’s current valuation based on AAII’s Value Grade is a B, which means it is considered to be Value.

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Lastly, news and media coverage as well as recent press reports about the company or its industry may cause stock prices to fluctuate. You can check out the most recent news articles about Alico Inc (ALCO) by visiting AAII Stock Evaluator.

Relative Price Strength of Alico Inc

Relative price strength measures a stock's performance against the market, helping investors identify stocks that are outperforming benchmarks.

For AAII’s Momentum Grade, a weighted relative price strength is calculated. Follow this link to learn more about the Momentum Grade.

As of August 05, 2024, Alico Inc has a weighted four-quarter relative price strength of -1.80%, which translates to a Momentum Score of 58 and is considered to be Average.

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Alico Inc Stock Price: Bottom Line

As of August 6, 2024, Alico Inc’s stock price is $28.66, which is up 4.48% from its previous closing price.

AAII advises against making stock decisions based solely on price or past returns. Instead, consider a variety of metrics, fundamentals, and analytics to evaluate a stock like Alico Inc stock prices are influenced by market supply and demand and offer just a snapshot of a company's overall health.

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