Agenus Inc (NASDAQ: AGEN) has experienced a decline in its stock price by -5.98 compared to its previous closing price of 4.85. However, the company has seen a fall of -11.80% in its stock price over the last five trading days. prnewswire.com reported 2024-10-03 that NEW YORK, Oct. 3, 2024 /PRNewswire/ — Rosen Law Firm, a global investor rights law firm, reminds purchasers of securities of Agenus Inc. (NASDAQ: AGEN) between January 23, 2023 and July 17, 2024, both dates inclusive (the “Class Period”), of the important November 5, 2024 lead plaintiff deadline. So what: If you purchased Agenus securities during the Class Period you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement.
Is It Worth Investing in Agenus Inc (NASDAQ: AGEN) Right Now?
Additionally, the 36-month beta value for AGEN is 1.37. There are mixed opinions on the stock, with 1 analysts rating it as a “buy,” 2 rating it as “overweight,” 0 rating it as “hold,” and 0 rating it as “sell.”
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The public float for AGEN is 20.50M and currently, short sellers hold a 14.25% ratio of that float. The average trading volume of AGEN on October 04, 2024 was 691.01K shares.
AGEN’s Market Performance
AGEN stock saw a decrease of -11.80% in the past week, with a monthly decline of -5.98% and a quarterly a decrease of -69.86%. The volatility ratio for the week is 8.17%, and the volatility levels for the last 30 days are 7.92% for Agenus Inc (AGEN). The simple moving average for the past 20 days is -17.07% for AGEN’s stock, with a -58.81% simple moving average for the past 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 “Neutral.” The predicted price for AGEN in the upcoming period, according to Robert W. Baird is $8 based on the research report published on July 19, 2024 of the current year 2024.
H.C. Wainwright gave a rating of “Neutral” to AGEN, setting the target price at $9 in the report published on July 18th of the current year.
AGEN Trading at -16.44% 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 -80.34% of loss for the given period.
Volatility was left at 7.92%, however, over the last 30 days, the volatility rate increased by 8.17%, as shares sank -8.80% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -25.61% lower at present.
During the last 5 trading sessions, AGEN fell by -11.80%, which changed the moving average for the period of 200-days by -67.04% in comparison to the 20-day moving average, which settled at $5.48. In addition, Agenus Inc saw -72.46% in overturn over a single year, with a tendency to cut further losses.
Insider Trading
Reports are indicating that there were more than several insider trading activities at AGEN starting from ARMEN GARO H, who purchase 500,000 shares at the price of $0.65 back on Feb 15 ’24. After this action, ARMEN GARO H now owns 625,969 shares of Agenus Inc, valued at $324,050 using the latest closing price.
WIINBERG ULF, the Director of Agenus Inc, purchase 25,000 shares at $0.76 during a trade that took place back on Nov 15 ’23, which means that WIINBERG ULF is holding 124,063 shares at $19,000 based on the most recent closing price.
Stock Fundamentals for AGEN
Current profitability levels for the company are sitting at:
- -0.71 for the present operating margin
- 0.6 for the gross margin
The net margin for Agenus Inc stands at -1.4. The total capital return value is set at -5.23.
Based on Agenus Inc (AGEN), the company’s capital structure generated 3.11 points at debt to capital in total, while cash flow to debt ratio is standing at -0.51. The debt to equity ratio resting at -1.47. The interest coverage ratio of the stock is -0.91.
Currently, EBITDA for the company is -146.52 million with net debt to EBITDA at -3.23. When we switch over and look at the enterprise to sales, we see a ratio of 2.61. The receivables turnover for the company is 222.02for trailing twelve months and the total asset turnover is 0.55. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.37.
Conclusion
In conclusion, Agenus Inc (AGEN) has seen bad performance in recent times. Analysts have a bullish opinion on the stock, with some rating it as a “buy” and others rating it as a “hold”. 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.
