Agenus Inc. (NASDAQ:AGEN) finished Thursday with a subtraction of -$0.07 to close at $1.33, a downside of -5.00 percent. An average of 7,815,460 shares of common stock have been traded in the last five days. There was a gain of $0.0100 in the past week, and it reached a new high 3 times over the past 12 months. The last 20 days have seen an average of 5,030,880 shares traded, while the 50-day average volume stands at 5,001,910.
AGEN stock has decreased by -11.33% in the last month. The company shares reached their 1-month lowest point of $1.1800 on 08/08/23. With the stock rallying to its 52-week high on 01/13/23, shares of the company touched a low of $1.18 and a high of $3.31 in 52 weeks. It has reached a new high 6 times so far this year and lost -43.53% or -$1.0700 in price. In spite of this, the price is down -59.78% from the 52-week high.
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Valuation Metrics
Agenus Inc. (AGEN) stock’s beta is 1.41. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 4.56.
Financial Health
The quick ratio of Agenus Inc. for the three months ended June 29 was 0.80, and the current ratio was 0.80, indicating that the company is not able to meet its debt obligations. Its gross profit as reported stood at $87.46 million compared to revenue of $98.02 million.
For investors, determining the potential profitability of the investment also depends on the performance of the company’s management. In the past 12 months, Agenus Inc.’s return on assets was -64.10%.
Earnings Surprise
For the three-month period that ended June 29, Agenus Inc. had $12.67 million in total debt. In the quarter under review, the net income was up than the previous quarter. The company posted a net income of -$69.07 million in the quarter, while revenues of -$68.31 million were grew 32.69%. The analyst consensus anticipated Agenus Inc.’s latest quarter earnings to come in at -$0.2 per share, but it turned out to be -$0.2, a 0.00% surprise. For the quarter, EBITDA amounted to -$51.69 million. Shareholders own equity worth $379.57 million.
Technical Picture
From a technical analysis perspective, let’s take a brief look at Agenus Inc. (AGEN) price momentum. RSI 9-day as of the close on 24 August was 42.77%, suggesting the stock is Neutral, with historical volatility in this time frame at 94.53%.
As of today, AGEN’s price is $1.4260 +0.76% or $0.0100 from its 5-day moving average. AGEN is currently trading -8.28% lower than its 20-day SMA and -12.50% lower than its 100-day SMA. However, the stock’s current price level is -32.14% below the SMA50 and -45.49% below the SMA200.
The stochastic %K and %D were 55.56% and 62.17%, respectively, and the average true range (ATR) was 0.1269. With the 14-day stochastic at 35.71% and the average true range at 0.1187, the RSI (14) stands at 42.72%. The stock has reached 0.0356 on the 9-day MACD Oscillator while the 14-day reading was at 0.0590.
Analyst Ratings
Robert W. Baird launched coverage on Agenus Inc. (NASDAQ: AGEN) in its analyst report released on June 06, 2023. The firm assigned the stock an Outperform rating.
