Agilon Health Inc (AGL) Has Great Growth Outlook For 2024

Agilon Health Inc (NYSE:AGL) has a beta value of 0.51 and has seen 0.49 million shares traded in the recent trading session. The company, currently valued at $941.63M, closed the recent trade at $2.27 per share which meant it gained $0.03 on the day or 1.12% during that session. The AGL stock price is -506.17% off its 52-week high price of $13.76 and 33.92% above the 52-week low of $1.50. If we look at the company’s 10-day average daily trading volume, we find that it stood at 3.25 million shares traded. The 3-month trading volume is 4.51 million shares.

The consensus among analysts is that Agilon Health Inc (AGL) is Buy stock at the moment, with a recommendation rating of 2.95. 0 analysts rate the stock as a Sell, while 0 rate it as Overweight. 3 out of 10 have rated it as a Hold, with 7 advising it as a Buy. 0 have rated the stock as Underweight. The expected earnings per share for the stock is -0.22.

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Agilon Health Inc (NYSE:AGL) trade information

Sporting 1.12% in the green today, the stock has traded in the green over the last five days, with the highest price hit on recent trading when the AGL stock price touched $2.27 or saw a rise of 1.73%. Year-to-date, Agilon Health Inc shares have moved -81.95%, while the 5-day performance has seen it change 1.12%. Over the past 30 days, the shares of Agilon Health Inc (NYSE:AGL) have changed 32.46%. Short interest in the company has seen 31.94 million shares shorted with days to cover at 6.38.

Wall Street analysts have a consensus price target for the stock at $3, which means that the shares’ value could jump 24.33% from the levels at last check today. The projected low price target is $2.5 while the price target rests at a high of $4.0. In that case, then, we find that the latest price level in today’s session is -76.21% off the targeted high while a plunge would see the stock gain -10.13% from the levels at last check today.

Agilon Health Inc (AGL) estimates and forecasts

Figures show that Agilon Health Inc shares have underperformed across the wider relevant industry. The company’s shares have lost -65.94% over the past 6 months, with this year growth rate of -34.78%, compared to 6.20% for the industry. Revenue growth from the last financial year stood is estimated to be 40.23%.

16 analysts offering their estimates for the company have set an average revenue estimate of 1.52B for the current quarter. 9 have an estimated revenue figure of 1.75B for the next ending quarter. Year-ago sales stood 1.06B and 1.6B respectively for this quarter and the next, and analysts expect sales will grow by 43.59% for the current quarter and 40.23% for the next.

If we evaluate the company’s growth over the last 5-year and for the next 5-year period, we find that annual earnings growth was 7.65% over the past 5 years.

AGL Dividends

Agilon Health Inc is expected to release its next earnings report in January this year, and investors are excited at the prospect of better dividends despite the company’s debt issue.

Agilon Health Inc (NYSE:AGL)’s Major holders

Insiders own 1.80% of the company shares, while shares held by institutions stand at 105.15% with a share float percentage of 107.08%. Investors are also buoyed by the number of investors in a company, with Agilon Health Inc having a total of 294.0 institutions that hold shares in the company. The top two institutional holders are CLAYTON, DUBILIER & RICE, LLC with over 100.0 million shares worth more than $654.0 million. As of 2024-06-30, CLAYTON, DUBILIER & RICE, LLC held 24.3149% of shares outstanding.

The other major institutional holder is FMR LLC, with the holding of over 56.93 million shares as of 2024-06-30. The firm’s total holdings are worth over $372.3 million and represent 13.8418% of shares outstanding.

Also the top two Mutual Funds that are holding company’s shares are Vanguard Specialized-Health Care Fund and Smallcap World Fund. As of Jul 31, 2024, the former fund manager holds about 8.43% shares in the company for having 34.72 shares of worth $79.06 million while later fund manager owns 23.57 shares of worth $53.68 million as of Sep 30, 2024, which makes it owner of about 5.72% of company’s outstanding stock.