So Far This Year, argenx SE (ARGX) Reached A New High 3 times

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As of Wednesday close, argenx SE’s (NASDAQ:ARGX) stock was up $5.01, moving up 1.35 percent to $376.76. The average number of shares traded per day over the past five days has been 173,860 shares. 3 times new highs have been achieved over the past 5 days, with a $11.66 gain in that time frame. In the last twenty days, the average volume was 280,735, while in the previous 50 days, it was 255,960.

Since last month, ARGX stock retreated -2.84%. Shares of the company fell to $351.51 on 11/11/22, the lowest level in the past month. A 52-week high of $403.77 was reached on 08/26/22 after having rallying from a 52-week low of $249.50. Since the beginning of this year, ARGX’s stock price has risen by 7.59% or $26.57, and marked a new high 13 times. However, the stock has declined by -6.69% since its 52-week high.


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Valuation Metrics

The stock’s beta is 0.79. Besides these, the trailing price-to-sales (P/S) ratio of 80.67, the price-to-book (PB) ratio of 6.98.

Financial Health

In the three months ended June 29, argenx SE’s quick ratio stood at 10.60, while its current ratio was 11.10, showing that the company is able to pay off its debt. On the profitability front, the trailing twelve-month gross margin is 93.70% percent. Based on annual data, ARGX earned $888.16 million in gross profit and brought in $539.42 million in revenue.

A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was -14.00%. Return on equity (ROE) for the past 12 months was -35.50%.

According to the earnings report, the company had a higher net income in the recent quarter than it did in the previous quarter. While analysts expected argenx SE to report -$4.83 quarterly earnings, the actual figure was -$3.8 per share, beating the consensus estimate by 21.30%. During the quarter, the company generated -$174.54 million in EBITDA. The liabilities of argenx SE were 279.02 million at the end of its most recent quarter ended June 29, and its total debt was $9.7 million.

Technical Picture

This quick technical analysis looks at argenx SE’s (ARGX) price momentum. With a historical volatility rate of 22.61%, the RSI 9-day stood at 59.35% on 23 November.

With respect to its five-day moving average, the current argenx SE price is up by +3.19% percent or $11.66. At present, ARGX shares trade -1.79% below its 20-day simple moving average and -1.40% percent below its 100-day simple moving average. However, the stock is currently trading approximately -1.71% below its SMA50 and +29.72% above its SMA200.

Stochastic coefficient K was 72.80% and Stochastic coefficient D was 56.65%, while ATR was 12.37. Given the Stochastic reading of 80.49% for the 14-day period, the RSI (14) reading has been calculated as 55.55%. As of today, the MACD Oscillator reading stands at 6.46, while the 14-day reading stands at 7.69.

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