The stock of Agenus Inc. (NASDAQ:AGEN) decreased by -$0.01 on Tuesday to $1.33, down -1.12 percent. The last five days have seen an average of 2,623,861 shares of common stock traded. 6 times new highs were reached in the current year, with a fall of -$1.0750. The average number of shares traded over the last 20 days was 3,761,870, while the average volume over the last 50 days totaled 5,219,304.
AGEN stock dropped -23.41% since last month. On 08/08/23, the company’s shares reached a one-month low of $1.1800. The stock touched a high of $3.31 on 01/13/23, after rallying from a low of $1.18 in 52 weeks. The price of AGEN stock has declined by -43.74% or -$1.0750 this year, reaching a new high 6 times. Still, the stock price is down -59.93% from the 52-week high.
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Insider Transactions
AGEN stock investors should be aware that Agenus Inc. (AGEN) stock had its last reported insider trading activity 96 days ago on May 11. On May 11, 10% Owner AGENUS INC acquired 23,361 shares at $1.43 each. This transaction resulted in the insider spending $33,348. On May 10, AGENUS INC added 22,065 shares at a price of US$1.51. After the transaction, the insider now owns 21,617,112 shares. 10% Owner AGENUS INC had earlier bought 100,200 shares on May 05 for $0.95 a share. The transaction was completed for $95,100.
Financial Health
For the three months ended June 29, Agenus Inc.’s quick ratio was 0.80, while its current ratio was 0.80, indicating its inability to pay off its debt. As far as profitability goes, gross margin for the trailing twelve months is 89.40% percent. Based on annual data, it had gross profit of $87.46 million and revenue of $98.02 million.
Investors will also look at the performance of the company’s management in order to determine the potential profitability of their investment. AGEN’s return on assets (ROA) during the last 12 months has been -64.10%. There was a 650.10% return on investment (ROI) in the past year. In the meantime, the return on equity (ROE) for the last 12 months was 450.40%.
Earnings Surprise
According to Agenus Inc.’s quarterly financial report for the quarter that ended June 29, it had $12.67 million in total debt versus $14.65 million in cash and short-term investments. A higher net income was reported in the quarter under review than the previous quarter. Net income for the quarter came in at $25.3 million, while revenues rose by 17.27% to $22.9 million. It was predicted that Agenus Inc.’s quarterly earnings would be -$0.2, but it ended up being -$0.2. EBITDA was -$51.69 million for the quarter. At the end of Agenus Inc.’s most recent quarter ended June 29, its liabilities totaled 460.35 million, while its total debt was $97.92 million. Equity owned by shareholders amounts to $379.57 million.
Technical Picture
Here’s a quick look at Agenus Inc.’s (AGEN) price momentum from a technical perspective. As of 14 August, the RSI 9-day stood at 34.28%, suggesting the stock is Neutral, with a 60.91% historical volatility rate.
The stochastic %K and %D were 39.58% and 36.07% respectively, while the average true range (ATR) was 0.0860. Based on the 14-day stochastic reading of 36.25%, the RSI (14) reading is 36.07%. On the 9-day MACD Oscillator, the stock is at -0.0100, and the 14-day reading is at -0.0577.
Analyst Ratings
In its analyst report released on June 06, 2023, Robert W. Baird began covering Agenus Inc. (NASDAQ: AGEN). The stock was rated as an Outperform by the brokerage firm. Analysts have assigned Agenus Inc. (AGEN) an Buy rating. AGEN is a stock that is recommended for selling by 0 brokerage firms, while 0 companies recommend holding. The stock is underweighted by 0 analysts. Among the analysts who rate the stock, 1 rate it overweight and 5 others recommend it as a buy.
What is AGEN’s price target for the next 12 months?
The current consensus forecast for the stock is between $6.00 and $8.30, with a median target price of $8.00. In analyzing these forecasts, the average price target given by analysts for Agenus Inc. (AGEN) is $7.66.
