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Agenus Inc (AGEN) – key numbers that make it a Strong Buy For Now

Agenus Inc (NASDAQ: AGEN) is -38.16% lower on its value in year-to-date trading and has touched a low of $0.49 and a high of $2.13 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 AGEN stock was last observed hovering at around $0.59 in the last trading session, with the day’s loss setting it -0.08%.

Currently trading at $0.51, the stock is -15.65% and -21.37% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 9.6 million and changing -12.85% at the moment leaves the stock -49.67% off its SMA200. AGEN registered -64.02% loss for a year compared to 6-month loss of -54.69%. The firm has a 50-day simple moving average (SMA 50) of $1.38 and a 200-day simple moving average (SMA200) of -$1.48.

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The stock witnessed a -22.44% gain in the last 1 month and extending the period to 3 months gives it a -38.16%, and is -8.31% 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 7.66% over the week and 9.31% over the month.

Agenus Inc (AGEN) has around 389 employees, a market worth around $214.49M and $156.31M in sales. Profit margin for the company is -157.36%. Distance from 52-week low is 5.57% and -75.96% from its 52-week high. The company has generated returns on investments over the last 12 months (-556.21%).

Agenus Inc quarterly earnings per share for the current quarter are estimated at -$0.15 with sales reaching $41.46M over the same period.The EPS is expected to grow by 40.87% this year, but quarterly earnings will post 22.50% year-over-year. Quarterly sales are estimated to grow 81.00% in year-over-year returns.

Agenus Inc (AGEN) Top Institutional Holders

217 institutions hold shares in Agenus Inc (AGEN), with institutional investors hold 59.80% of the company’s shares. The shares outstanding are 418.92M, and float is at 396.26M with Short Float at 11.54%. Institutions hold 59.09% of the Float.

The top institutional shareholder in the company is Deep Track Capital, Lp with over 30.0 million shares valued at $48.0 million. The investor’s holdings represent 7.90% of the AGEN Shares outstanding. As of Jun 29, 2023, the second largest holder is Blackrock Inc. with 27.18 million shares valued at $43.49 million to account for 7.16% of the shares outstanding. The other top investors are Vanguard Group Inc which holds 26.51 million shares representing 6.98% and valued at over $42.41 million, while State Street Corporation holds 5.17% of the shares totaling 19.61 million with a market value of $31.38 million.

Agenus Inc (AGEN) Insider Activity

The most recent transaction is an insider purchase by ARMEN GARO H. SEC filings show that ARMEN GARO H bought 500,000 shares of the company’s common stock on Feb 15 ’24 at a price of $0.65 per share for a total of $0.32 million. Following the purchase, the insider now owns 0.63 million shares.

Agenus Inc disclosed in a document filed with the SEC on Nov 15 ’23 that WIINBERG ULF (Director) bought a total of 25,000 shares of the company’s common stock. The trade occurred on Nov 15 ’23 and was made at $0.76 per share for $19000.0. Following the transaction, the insider now directly holds 0.12 million shares of the AGEN stock.

Still, SEC filings show that on Oct 16 ’23, AGENUS INC (10% Owner) acquired 429 shares at an average price of $1.10 for $472.0. The insider now directly holds 21,772,863 shares of Agenus Inc (AGEN).

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