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Robert W. Baird gives a Neutral recommendation for Agenus Inc (AGEN)

Agenus Inc’s recently made public that its insider ARMEN GARO H acquired Company’s shares for reported $0.32 million on Feb 15 ’24. In the deal valued at $0.65 per share,500,000 shares were bought. As a result of this transaction, ARMEN GARO H now holds 625,969 shares worth roughly $2.95 million.

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Then, WIINBERG ULF bought 25,000 shares, generating $19,000 in total proceeds. Upon buying the shares at $0.76, the Director now owns 124,063 shares.

Before that, AGENUS INC bought 429 shares. Agenus Inc shares valued at $472 were divested by the 10% Owner at a price of $1.10 per share. As a result of the transaction, AGENUS INC now holds 21,772,863 shares, worth roughly $102.55 million.

Robert W. Baird downgraded its Agenus Inc [AGEN] rating to a Neutral from a an Outperform in a research note published on July 19, 2024; the price target was decreased to $8 from $35. A number of analysts have revised their coverage, including William Blair’s analysts, who decreased its forecast for the stock in mid July from “an Outperform” to “a Mkt perform”. H.C. Wainwright also remained covering AGEN and has decreased its forecast on July 18, 2024 with a “Neutral” recommendation from previously “Buy” rating. Robert W. Baird started covering the stock on June 06, 2023. It rated AGEN as “an Outperform”.

Price Performance Review of AGEN

On Tuesday, Agenus Inc [NASDAQ:AGEN] saw its stock fall -8.19% to $4.71. Over the last five days, the stock has lost -13.26%. Agenus Inc shares have fallen nearly -71.55% since the year began. Nevertheless, the stocks have fallen -82.56% over the past one year. While a 52-week high of $32.00 was reached on 06/04/24, a 52-week low of $4.78 was recorded on 08/13/24. SMA at 50 days reached $11.98, while 200 days put it at $12.78.

Levels Of Support And Resistance For AGEN Stock

The 24-hour chart illustrates a support level at 4.51, which if violated will result in even more drops to 4.31. On the upside, there is a resistance level at 5.08. A further resistance level may holdings at 5.45. The Relative Strength Index (RSI) on the 14-day chart is 27.80, which indicates oversold technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.64, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 98.66%. Stochastics%K at 4.76% indicates the stock is a buying.

How much short interest is there in Agenus Inc?

A steep rise in short interest was recorded in Agenus Inc stocks on , dropping by -0.18 million shares to a total of 2.18 million shares. Yahoo Finance data shows the prior-month short interest on 2024-06-28 was 2.36 million shares. There was a decline of -8.1%, which implies that there is a negative sentiment for the stock.

The most recent change occurred on June 06, 2023 when Robert W. Baird began covering the stock and recommended ‘”an Outperform”‘ rating along with a $80 price target.

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