Meanwhile, SMBC Nikko initiated its Agenus Inc. [AGEN] rating to an Outperform in a research note published on Tuesday, September 28, 2022; the price target was $5. PT values the company’s stock at a premium of 48.2 to its Tuesday closing price. A number of analysts have revised their coverage, including H.C. Wainwright’s analysts, who began to cover the stock in mid December with a ‘”a Buy”‘ rating. B. Riley FBR started covering the stock on April 22, 2019. It rated AGEN as “a Buy”.
Price Performance Review of AGEN
On Tuesday, Agenus Inc. [NASDAQ:AGEN] saw its stock jump 1.57% to $2.59. On the same session, the stock had its day’s lowest price of $2.47, but rose to a high of $2.609. Over the last five days, the stock has lost -6.83%. Agenus Inc. shares have risen nearly 7.92% since the year began. Nevertheless, the stocks have fallen -3.36% over the past one year. While a 52-week high of $3.37 was reached on 01/13/23, a 52-week low of $1.25 was recorded on 01/09/23. SMA at 50 days reached $2.65, while 200 days put it at $2.37. A total of 3.4 million shares were traded, compared to the trading of 5.95 million shares in the previous session.
Levels Of Support And Resistance For AGEN Stock
The 24-hour chart illustrates a support level at 2.50, which if violated will result in even more drops to 2.42. On the upside, there is a resistance level at 2.64. A further resistance level may holdings at 2.70. The Relative Strength Index (RSI) on the 14-day chart is 49.57, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.02, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 64.41%. Stochastics %K at 39.86% indicates the stock is a holding.
How much short interest is there in Agenus Inc.?
A steep rise in short interest was recorded in Agenus Inc. stocks on Oct 13, 2022, growing by 2.48 million shares to a total of 18.6 million shares. Yahoo Finance data shows the prior-month short interest on Sep 14, 2022 was 16.12 million shares. There was a rise of 13.33%, which implies that there is a positive sentiment for the stock. In spite of short shares comprising just 6.95% of the overall stock float, the days-to-cover ratio (short ratio) rose to 3.68.
Agenus Inc. [AGEN] – Who Are The Largest Shareholders?
In filings from Deep Track Capital LP, it is revealed that the company now owns 26,325,000 shares, or roughly 8.64% of the outstanding AGEN shares. In other words, the investor’s shares have risen by 4,083,583 from its previous 13-F filing of 22241417.0. Additionally, The Vanguard Group, Inc. increased 7.98% of its stake after which the total value it holdings stand at $53,283,146, while SSgA Funds Management, Inc. reduced -12.55% of its stake to hold $48.78 million in the firm. Over the last quarter, BlackRock Fund Advisors purchased 448,863 shares of Agenus Inc., while Point72 Asset Management LP bought 7,650,399 shares. At present, Renaissance Technologies LLC is holding 5,130,415 shares valued at $12.31 million. Geode Capital Management LLC owned 4,817,249 shares of the company at the time of its most recent 13F filing, worth $11.56 million.
According to FactSet, Agenus Inc.’s share price will average $6.83 in the next year, based on opinions of analysts polled by the firm. This is up nearly 174.51 percent from its previous closing price of $2.55. Analysts expect Agenus Inc. stock to reach the higher price of $8.30, while the lowest price estimate is $5.00. However, 5 analysts have rated AGEN stock as a Buy in their predictions for 2023.