Agenus Inc (NASDAQ:AGEN) price on Friday, June 13, fall -2.49% below its previous day’s close as a downside momentum from buyers pushed the stock’s value to $4.70.
A look at the stock’s price movement, the close in the last trading session was $4.82. Turning to its 52-week performance, $18.74 and $1.38 were the 52-week high and 52-week low respectively. Overall, AGEN moved 35.45% over the past month.
Agenus Inc’s market cap currently stands at around $128.86 million, with investors looking forward to this quarter’s earnings report slated for in July.
Analysts have a consensus estimate of 49.71M for the company’s revenue for the quarter, with a low and high estimate of 25M and 99.1M respectively. The average forecast suggests up to a 111.45% 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 172.5M, representing a 66.73% jump on that reported in the last financial year.
2 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 2 analyst(s) rate the stock as a Hold, 0 recommend AGEN 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 Hold which could provide an opportunity for investors keen on increasing their holdings of the company’s stock.
AGEN’s current price about 7.98% and 43.92% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 56.12, while 7-day volatility ratio is 1.87% and 9.51% in the 30-day chart. Further, Agenus Inc (AGEN) has a beta value of 1.46, and an average true range (ATR) of 0.49. Analysts have given the company’s stock an average 52-week price target of $7, forecast between a low of $7 and high of $8. Looking at the price targets, the low is -48.94% off current price level while to achieve the yearly target high, price needs to move -70.21%. Nonetheless, investors will most likely welcome a -48.94% jump to $7 which is the analysts’ median price.
If we refocus on Agenus Inc (NASDAQ:AGEN), historical trading data shows that trading volumes averaged 997.33K over the past 3 months. The company’s latest data on shares outstanding shows there are 26.56 million shares.
The 3.85% of Agenus Inc’s shares are in the hands of company insiders while institutional holders own 32.02% of the company’s shares. Current price change has pushed the stock 71.53% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the AGEN stock continues to rise going into the next quarter.
