During the last session, Agenus Inc. (NASDAQ:AGEN)’s traded shares were 3.72 million, with the beta value of the company hitting 1.43. At the end of the trading day, the stock’s price was $1.40, reflecting an intraday loss of -7.89% or -$0.12. The 52-week high for the AGEN share is $3.31, that puts it down -136.43 from that peak though still a striking 12.14% gain since the share price plummeted to a 52-week low of $1.23. The company’s market capitalization is $495.40M, and the average intraday trading volume over the past 10 days was 4.01 million shares, and the average trade volume was 5.30 million shares over the past three months.
Agenus Inc. (AGEN) received a consensus recommendation of a Buy from analysts. That translates to a mean rating of 1.60. AGEN has a Sell rating from 0 analyst(s) out of 5 analysts who have looked at this stock. 0 analyst(s) recommend to Hold the stock while 0 suggest Overweight, and 5 recommend a Buy rating for it. 0 analyst(s) has rated the stock Underweight. Company’s earnings per share (EPS) for the current quarter are expected to be -$0.2.
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Agenus Inc. (NASDAQ:AGEN) trade information
Agenus Inc. (AGEN) registered a -7.89% downside in the last session and has traded in the red over the past 5 sessions. The stock plummet -7.89% in intraday trading to $1.40 this Wednesday, 05/24/23, hitting a weekly high. The stock’s 5-day price performance is -4.76%, and it has moved by -13.01% in 30 days. Based on these gigs, the overall price performance for the year is -9.13%. The short interest in Agenus Inc. (NASDAQ:AGEN) is 19.55 million shares and it means that shorts have 4.1 day(s) to cover.
The consensus price target of analysts on Wall Street is $7.58, which implies an increase of 81.53% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $6.00 and $8.30 respectively. As a result, AGEN is trading at a discount of -492.86% off the target high and -328.57% off the low.
Agenus Inc. (AGEN) estimates and forecasts
Statistics show that Agenus Inc. has underperformed its competitors in share price, compared to the industry in which it operates. Agenus Inc. (AGEN) shares have gone down -52.29% during the last six months, with a year-to-date growth rate less than the industry average at -3.85% against 11.40. In the rating firms’ projections, revenue will decrease -2.70% compared to the previous financial year.
Revenue for the current quarter is expected to be $23.98 million as predicted by 4 analyst(s). Meanwhile, a consensus of 4 analyst(s) estimates revenue growth to $23.95 million by the end of Sep 2023. As per earnings report from last fiscal year’s results, sales for the corresponding quarters totaled $20.93 million and $22.77 million respectively. In this case, analysts expect current quarter sales to grow by 14.60% and then jump by 5.20% in the coming quarter.
An analysis of the company’s performance over the past 5 years shows that the company’s earnings grew an estimated 8.60%. While earnings are projected to return -641.50% in 2023.
Agenus Inc. is due to release its next quarterly earnings on May 09. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance.
Agenus Inc. (NASDAQ:AGEN)’s Major holders
Agenus Inc. insiders own 8.21% of total outstanding shares while institutional holders control 59.51%, with the float percentage being 64.84%. Deep Track Capital, LP is the largest shareholder of the company, while 222 institutions own stock in it. As of Mar 30, 2023, the company held over 30.0 million shares (or 8.60% of all shares), a total value of $45.6 million in shares.
The next largest institutional holding, with 26.15 million shares, is of State Street Corporation’s that is approximately 7.50% of outstanding shares. At the market price on Mar 30, 2023, these shares were valued at $39.75 million.
Also, the Mutual Funds coming in first place with the largest holdings of Agenus Inc. (AGEN) shares are SPDR (R) Ser Tr-SPDR (R) S&P (R) Biotech ETF and Vanguard Total Stock Market Index Fund. Data provided on Feb 27, 2023 indicates that SPDR (R) Ser Tr-SPDR (R) S&P (R) Biotech ETF owns about 14.85 million shares. This amounts to just over 4.47 percent of the company’s overall shares, with a $30.6 million market value. The same data shows that the other fund manager holds slightly less at 8.89 million, or about 2.67% of the stock, which is worth about $21.33 million.