Agilon Health Inc (NYSE:AGL) price on Friday, October 25, fall -4.09% below its previous day’s close as a downside momentum from buyers pushed the stock’s value to $2.58.
A look at the stock’s price movement, the close in the last trading session was $2.69, moving within a range at $2.58 and $2.77. The beta value (5-Year monthly) was 0.54. Turning to its 52-week performance, $19.00 and $2.65 were the 52-week high and 52-week low respectively. Overall, AGL moved -30.83% over the past month.
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Agilon Health Inc’s market cap currently stands at around $1.06 billion, with investors looking forward to this quarter’s earnings report slated for on 2024-Nov-07.
Analysts have a consensus estimate of 1.47B for the company’s revenue for the quarter, with a low and high estimate of 1.47B and 1.48B respectively. The average forecast suggests up to a 21.00% growth in sales growth compared to quarterly growth in the same period last fiscal year. Wall Street analysts have also projected the company’s year-on-year revenue to grow to 6.02B, representing a 39.60% jump on that reported in the last financial year.
Turning to the stock’s technical picture we see that short term indicators suggest on average that AGL is a 100% Sell. On the other hand, the stock is on average a 100% Sell as suggested by medium term indicators while long term indicators are putting the stock in 100% Sell category.
10 analyst(s) have given their forecast ratings for the stock on a scale of 1.00-5.00 for a strong buy to strong sell recommendation. A total of 3 analyst(s) rate the stock as a Hold, 7 recommend AGL as a Buy and 0 give it an Overweight rating. Meanwhile, 0 analyst(s) rate the stock as Underweight and 0 say it is a Sell. As such, the average rating for the stock is Buy which could provide an opportunity for investors keen on increasing their holdings of the company’s stock.
AGL’s current price about -18.69% and -29.11% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 30.37, while 7-day volatility ratio is 6.37% and 8.92% in the 30-day chart. Further, Agilon Health Inc (AGL) has a beta value of 0.54, and an average true range (ATR) of 0.27. Analysts have given the company’s stock an average 52-week price target of $5, forecast between a low of $3 and high of $6.5. Looking at the price targets, the low is -16.28% off current price level while to achieve the yearly target high, price needs to move -151.94%. Nonetheless, investors will most likely welcome a -93.8% jump to $5 which is the analysts’ median price.
If we refocus on Agilon Health Inc (NYSE:AGL), historical trading data shows that trading volumes averaged 4.35 over the past 10 days and 4.38 million over the past 3 months. The company’s latest data on shares outstanding shows there are 406.39 million shares.
The 26.41% of Agilon Health Inc’s shares are in the hands of company insiders while institutional holders own 86.92% of the company’s shares. Also important is the data on short interest which shows that short shares stood at 36.49 million on 2024-09-30, giving us a short ratio of 7.68. The data shows that as of 2024-09-30 short interest in Agilon Health Inc (AGL) stood at 3520.9998 of shares outstanding, with shares short falling to 41.15 million registered in 2024-08-30. Current price change has pushed the stock -79.44% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the AGL stock continues to rise going into the next quarter.
