Agenus Inc (NASDAQ:AGEN) saw a downside of -3.39% to close Monday at $1.14 after subtracting -$0.04 on the day. The 5-day average trading volume is 2,670,480 shares of the company’s common stock. It has gained $1.2700 in the past week and touched a new high 2 times within the past 5 days. An average of 3,873,495 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 4,236,336.
AGEN’s 1-month performance is -14.29% or -$0.1700 on its low of $1.1200 reached on 09/25/23. The company’s shares have touched a 52-week low of $1.16 and high of $3.31, with the stock’s rally to the 52-week high happening on 01/13/23. YTD, AGEN has lost -51.60% or -$1.2600 and has reached a new high 6 times. However, the current price is down -65.53% from the 52-week high price.
Valuation Metrics
AGEN stock has a beta of 1.43. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 4.35.
Agenus Inc’s quick ratio for the period ended June 29 was 0.84, with the current ratio over the same period at 0.84. In terms of profitability, the gross margin trailing 12 months is 80.19%. 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 June 29 this year, Net income and sales went up compared to those figures reported in the previous quarter. Net income grew 32.69% to -$69.07 million, while revenue of -$68.31 million was 1.1% off the previous quarter. Analysts expected AGEN to announce -$0.2 per share in earnings in its latest quarter, but it posted -$0.2, representing a 0.00% surprise. EBITDA for the quarter stood at more than -$51.69 million. AGEN stock balance sheet for the quarter ending June 29 shows that total liabilities totaled 460.35 million, with total debt at $97.92 million. Shareholders hold equity totaling $379.57 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 25 September was 26.21% to suggest the stock is trending oversold, with historical volatility in this time period at 29.37%.
The stock’s 5-day moving average is $1.1900, reflecting a -8.80% or -$0.1100 change from its current price. AGEN is currently trading -12.98% above its 20-day SMA, -19.15% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by -35.23% and SMA200 by-55.47%.
Stochastic %K and %D was 9.19% and 12.26% and the average true range (ATR) pointed at 0.0799. The RSI (14) points at 32.87%, while the 14-day stochastic is at 8.33% with the period’s ATR at 0.0858. The stock’s 9-day MACD Oscillator is pointing at -0.0644 and -0.0714 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.
