while the 36-month beta value is 1.31.Analysts have differing opinions on the stock, with 4 analysts rating it as a “buy,” 1 as “overweight,” 0 as “hold,” and 0 as “sell.”
The average price point forecasted by analysts for Agenus Inc (AGEN) is $6.50, which is $5.81 above the current market price. The public float for AGEN is 363.55M, and currently, short sellers hold a 9.40% ratio of that floaft. The average trading volume of AGEN on November 20, 2023 was 5.74M shares.
AGEN) stock’s latest price update
The stock of Agenus Inc (NASDAQ: AGEN) has decreased by -1.43 when compared to last closing price of 0.70.Despite this, the company has seen a gain of 6.14% in its stock price over the last five trading days. Seeking Alpha reported 2023-10-06 that AGEN has chosen to focus its efforts on botensilimab and balstilimab, postponing its other clinical and preclinical programs. A 25% workforce reduction and focus on its most promising pipeline members will help to save ~$40M in costs through the end of 2023. An update on the botensilimab/balstilimab program is expected on October 22, which provides a near-term catalyst for the company.
AGEN’s Market Performance
Agenus Inc (AGEN) has experienced a 6.14% rise in stock performance for the past week, with a -28.35% drop in the past month, and a -51.41% drop in the past quarter. The volatility ratio for the week is 9.17%, and the volatility levels for the past 30 days are at 11.20% for AGEN. The simple moving average for the last 20 days is -11.86% for AGEN’s stock, with a simple moving average of -53.41% for the last 200 days.
Analysts’ Opinion of AGEN
Many brokerage firms have already submitted their reports for AGEN stocks, with Robert W. Baird repeating the rating for AGEN by listing it as a “Outperform.” The predicted price for AGEN in the upcoming period, according to Robert W. Baird is $8 based on the research report published on June 06, 2023 of the current year 2023.
AGEN Trading at -30.60% from the 50-Day Moving Average
After a stumble in the market that brought AGEN to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -78.76% of loss for the given period.
Volatility was left at 11.20%, however, over the last 30 days, the volatility rate increased by 9.17%, as shares sank -22.84% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -43.90% lower at present.
During the last 5 trading sessions, AGEN rose by +6.14%, which changed the moving average for the period of 200-days by -73.96% in comparison to the 20-day moving average, which settled at $0.7726. In addition, Agenus Inc saw -70.70% in overturn over a single year, with a tendency to cut further losses.
Reports are indicating that there were more than several insider trading activities at AGEN starting from WIINBERG ULF, who purchase 25,000 shares at the price of $0.76 back on Nov 15. After this action, WIINBERG ULF now owns 124,063 shares of Agenus Inc, valued at $19,000 using the latest closing price.
AGENUS INC, the 10% Owner of Agenus Inc, purchase 429 shares at $1.10 during a trade that took place back on Oct 16, which means that AGENUS INC is holding 21,772,863 shares at $472 based on the most recent closing price.
Stock Fundamentals for AGEN
Equity return is now at value -1998.16, with -70.78 for asset returns.
In a nutshell, Agenus Inc (AGEN) has experienced a bad performance in recent times. The stock has received mixed “buy” and “hold” ratings from analysts. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.