Agilon Health Inc (NYSE:AGL) price on Wednesday, December 04, rose 4.69% above its previous day’s close as an upside momentum from buyers pushed the stock’s value to $2.23.
A look at the stock’s price movement, the close in the last trading session was $2.13, moving within a range at $2.082 and $2.25. The beta value (5-Year monthly) was 0.602. Turning to its 52-week performance, $13.76 and $1.50 were the 52-week high and 52-week low respectively. Overall, AGL moved -16.48% over the past month.
Agilon Health Inc’s market cap currently stands at around $918.80 million, with investors looking forward to this quarter’s earnings report slated for in January.
Analysts have a consensus estimate of 1.52B for the company’s revenue for the quarter, with a low and high estimate of 1.51B and 1.53B respectively. The average forecast suggests up to a 43.85% 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 6.05B, representing a 40.21% 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 50% 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 10.45% and -16.34% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 49.48, while 7-day volatility ratio is 8.54% and 10.54% in the 30-day chart. Further, Agilon Health Inc (AGL) has a beta value of 0.51, and an average true range (ATR) of 0.23. Analysts have given the company’s stock an average 52-week price target of $3, forecast between a low of $2.5 and high of $4. Looking at the price targets, the low is -12.11% off current price level while to achieve the yearly target high, price needs to move -79.37%. Nonetheless, investors will most likely welcome a -34.53% jump to $3 which is the analysts’ median price.
If we refocus on Agilon Health Inc (NYSE:AGL), historical trading data shows that trading volumes averaged 3.79 over the past 10 days and 4.70 million over the past 3 months. The company’s latest data on shares outstanding shows there are 411.96 million shares.
The 26.39% of Agilon Health Inc’s shares are in the hands of company insiders while institutional holders own 80.57% of the company’s shares. Also important is the data on short interest which shows that short shares stood at 30.39 million on 2024-11-15, giving us a short ratio of 6.09. The data shows that as of 2024-11-15 short interest in Agilon Health Inc (AGL) stood at 2917.0 of shares outstanding, with shares short falling to 35.88 million registered in 2024-10-15. Current price change has pushed the stock -82.23% 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.
