American Vanguard Corp (AVD, Financial) stock experienced significant volatility with a sharp decline of 5.29% in its price. Currently, the stock is trading at $6.09 per share with a trading volume of 212,537 shares and a turnover rate of 0.74%. The stock's amplitude is recorded at 7.47%.
Recent financial reports reveal that American Vanguard Corp's revenue reached $118 million, but the company suffered a net loss of $25.74 million, translating to an earnings per share (EPS) of -$0.91. The company's gross profit stood at $13.89 million, with a price-to-earnings (P/E) ratio of -5.91.
Market analysts remain optimistic about AVD, with 100% of the participating brokerage firms recommending a buy, while none suggest hold or sell options. Within the agricultural supplies sector, where American Vanguard operates, a slight overall increase of 0.01% was noted. Notable performers in the industry include Origin Agritech, Scotts Miracle-Gro Company, and CVR Partners, LP.
American Vanguard Corp, headquartered in the U.S., produces a diverse range of specialty chemicals used in agriculture, lawn, garden care, and health protection for humans and animals. Their product line includes insecticides, fungicides, herbicides, molluscicides, growth regulators, and soil fumigants available in liquid, powder, and granular forms.
A key development affecting AVD is ExxonMobil's (XOM) announcement of a workforce reduction following its $63 billion acquisition of Pioneer Natural Resources. ExxonMobil plans to lay off 397 employees in phases until May 2026, affecting roughly 20% of Pioneer's pre-merger workforce. This will impact employees primarily in Irving, Dallas suburbs, and Midland, West Texas. ExxonMobil is set to reveal its long-term strategy for the Permian Basin and Pioneer integration in an upcoming December report.
