Agenus Inc. [AGEN] Revenue clocked in at $320.10 million, down -29.81% YTD: What’s Next?

Agenus Inc. [NASDAQ: AGEN] closed the trading session at $2.26 on 09/21/22. The day’s price range saw the stock hit a low of $2.25, while the highest price level was $2.385. The company report on September 12, 2022 that Agenus Initiates Botensilimab Phase 2 ACTIVATE Trials in Advanced MSS Colorectal Cancer and Advanced Melanoma.

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Phase 2 ACTIVATE trials to advance globally in metastatic patients who have progressed on available therapies.

Botensilimab, alone and in combination with balstilimab (PD-1), has demonstrated robust clinical activity in nine treatment-resistant tumor types, including microsatellite stable colorectal cancer.

The stocks have a year to date performance of -29.81 percent and weekly performance of -7.38 percent. The stock has been moved at -19.00 percent over the last six months. The stock has performed -18.12 percent around the most recent 30 days and changed 25.56 percent over the most recent 3-months.

If compared to the average trading volume of 4.88M shares, AGEN reached to a volume of 2935893 in the most recent trading day, which is why market watchdogs consider the stock to be active.

Here’s what leading stock market gurus have to say about Agenus Inc. [AGEN]:

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for AGEN shares is $9.33 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on AGEN stock is a recommendation set at 1.50. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.

H.C. Wainwright have made an estimate for Agenus Inc. shares, keeping their opinion on the stock as Buy, with their previous recommendation back on December 16, 2021. While these analysts kept the previous recommendation, B. Riley FBR raised their target price to Buy. The new note on the price target was released on November 19, 2019, representing the official price target for Agenus Inc. stock. On October 28, 2016, analysts decreased their price target for AGEN shares from 10 to 5.

The Average True Range (ATR) for Agenus Inc. is set at 0.17, with the Price to Sales ratio for AGEN stock in the period of the last 12 months amounting to 2.06. The Price to Book ratio for the last quarter was 226.00, with the Price to Cash per share for the same quarter was set at 0.82.

AGEN stock trade performance evaluation

Agenus Inc. [AGEN] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -7.38. With this latest performance, AGEN shares dropped by -18.12% in over the last four-week period, additionally sinking by -19.00% over the last 6 months – not to mention a drop of -61.10% in the past year of trading.

Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for AGEN stock in for the last two-week period is set at 36.82, with the RSI for the last a single of trading hit 31.02, and the three-weeks RSI is set at 41.25 for Agenus Inc. [AGEN]. The present Moving Average for the last 50 days of trading for this stock 2.68, while it was recorded at 2.34 for the last single week of trading, and 2.50 for the last 200 days.

Agenus Inc. [AGEN]: An insightful look at the core fundamentals

Agenus Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.80 and a Current Ratio set at 1.80.

Agenus Inc. [AGEN]: Insider Ownership positions

There are presently around $332 million, or 55.60% of AGEN stock, in the hands of institutional investors. The top three institutional holders of AGEN stocks are: STATE STREET CORP with ownership of 23,243,261, which is approximately 30.884% of the company’s market cap and around 10.10% of the total institutional ownership; DEEP TRACK CAPITAL, LP, holding 22,241,417 shares of the stock with an approximate value of $50.27 million in AGEN stocks shares; and VANGUARD GROUP INC, currently with $47.86 million in AGEN stock with ownership of nearly 15.08% of the company’s market capitalization.

81 institutional holders increased their position in Agenus Inc. [NASDAQ:AGEN] by around 32,294,832 shares. Additionally, 78 investors decreased positions by around 20,991,190 shares, while 31 investors held positions by with 93,631,319 shares. The mentioned changes placed institutional holdings at 146,917,341 shares, according to the latest SEC report filing. AGEN stock had 19 new institutional investments in for a total of 4,832,114 shares, while 37 institutional investors sold positions of 2,677,037 shares during the same period.


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