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Agile Therapeutics Inc (AGRX) – Don’t Be So Quick to Call it Dead

Agile Therapeutics Inc (NASDAQ: AGRX) is -69.69% lower on its value in year-to-date trading and has touched a low of $0.70 and a high of $14.50 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The AGRX stock was last observed hovering at around $0.71 in the last trading session, with the day’s loss setting it -0.12%.

Currently trading at $0.59, the stock is -33.05% and -53.53% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.7 million and changing -16.27% at the moment leaves the stock -72.15% off its SMA200. AGRX registered -94.50% loss for a year compared to 6-month loss of -71.31%. The firm has a 50-day simple moving average (SMA 50) of $0.07 and a 200-day simple moving average (SMA200) of -$0.12.

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The stock witnessed a -50.74% gain in the last 1 month and extending the period to 3 months gives it a -71.02%, and is -22.73% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 15.12% over the week and 11.64% over the month.

Agile Therapeutics Inc (AGRX) has around 22 employees, a market worth around $1.75M and $19.97M in sales. Profit margin for the company is -69.73%. Distance from 52-week low is -15.56% and -95.92% from its 52-week high.

Agile Therapeutics Inc quarterly earnings per share for the current quarter are estimated at -$0.54 with sales reaching $9.2M over the same period., but quarterly earnings will post 133.20% year-over-year. Quarterly sales are estimated to grow 130.20% in year-over-year returns.

22 institutions hold shares in Agile Therapeutics Inc (AGRX), with institutional investors hold 10.25% of the company’s shares. The shares outstanding are 2.96M, and float is at 2.85M with Short Float at 7.79%. Institutions hold 10.13% of the Float.

The top institutional shareholder in the company is Armistice Capital, LLC with over 0.12 million shares valued at $0.36 million. The investor’s holdings represent 6.33% of the AGRX Shares outstanding. As of Jun 29, 2023, the second largest holder is State Street Corporation with 10843.0 shares valued at $31986.0 to account for 0.56% of the shares outstanding. The other top investors are Blackrock Inc. which holds 6061.0 shares representing 0.31% and valued at over $17879.0, while Tower Research Capital LLC (TRC) holds 0.14% of the shares totaling 2712.0 with a market value of $8000.0.

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