Agenus Inc. (NASDAQ:AGEN) saw a downside of -8.09% to close Tuesday at $1.25 after subtracting -$0.11 on the day. The 5-day average trading volume is 5,275,520 shares of the company’s common stock. It has gained $1.5050 in the past week and touched a new high 3 times within the past 5 days. An average of 3,667,440 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 5,340,364.
AGEN’s 1-month performance is -31.32% or -$0.3900 on its low of $1.1800 reached on 08/08/23. The company’s shares have touched a 52-week low of $1.28 and high of $3.31, with the stock’s rally to the 52-week high happening on 01/13/23. YTD, AGEN has lost -46.92% or -$1.1500 and has reached a new high 6 times. However, the current price is down -62.20% from the 52-week high price.
Valuation Metrics
AGEN stock has a beta of 1.41. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 4.56.
Agenus Inc.’s quick ratio for the period ended March 30 was 1.10, with the current ratio over the same period at 1.10.. In terms of profitability, the gross margin trailing 12 months is 87.00%. The firm’s gross profit as reported stood at $87.46 million against revenue of $98.02 million.
Earnings Surprise
For the quarterly period ending March 30 this year, Agenus Inc.’s cash and short-term investments amounted to $24.41 million against total debt of $101.66 million. Net income and sales went down compared to those figures reported in the previous quarter. Net income grew 29.18% to -$68.31 million, while revenue of -$71.15 million was -4.16% off the previous quarter. Analysts expected AGEN to announce -$0.21 per share in earnings in its latest quarter, but it posted -$0.22, representing a -4.80% surprise. EBITDA for the quarter stood at more than -$51.78 million. AGEN stock balance sheet for the quarter ending March 30 shows that total liabilities totaled 465.96 million, with total debt at $101.66 million. Shareholders hold equity totaling $348.88 million.
Let’s look briefly at Agenus Inc. (AGEN) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 08 August was 19.20% to suggest the stock is trending oversold, with historical volatility in this time period at 60.95%.
The stock’s 5-day moving average is $1.3940, reflecting a -14.38% or -$0.2100 change from its current price. AGEN is currently trading -32.80% above its 20-day SMA, -33.86% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by -11.35% and SMA200 by-51.74%.
Stochastic %K and %D was 10.95% and 9.50% and the average true range (ATR) pointed at 0.0930. The RSI (14) points at 27.61%, while the 14-day stochastic is at 13.21% with the period’s ATR at 0.0960. The stock’s 9-day MACD Oscillator is pointing at -0.0800 and -0.1262 on the 14-day charts.
Analyst Ratings
In the most recent analyst report for Agenus Inc. (NASDAQ: AGEN), Robert W. Baird launched coverage with an Outperform rating. Analysts offering their rating for AGEN stock have a consensus rating for the stock as Buy. Currently, 0 brokerage advisors rate AGEN as a “sell,”, while 0 advise that investors “Hold.” 0 analysts have rated the stock as underweight. 1 rates the stock as overweight while 5 have offered a “buy” rating.
What is AGEN’s price target for the next 12 months?
Analysts have a consensus price target ranging from a low of $6.00 and a high of $8.30, with their median price target at $8.00. Looking at these predictions, the average price target given by analysts is for Agenus Inc. (AGEN) stock is $7.66.
