How Do Agenus Inc (NASDAQ:AGEN)’s Fundamentals Affect Performance

The price of Agenus Inc (NASDAQ:AGEN) shares last traded on Wall Street fell -7.49% to $0.78.

Based on available information, 6 analysts follow Agenus Inc (NASDAQ:AGEN). The consensus rating among analysts is ‘Buy’. As we calculate the median target price by taking the range between a high of $8.30 and a low of $6.00, we find $8.00. Given the previous closing price of $0.84, this indicates a potential upside of 852.38 percent. AGEN stock price is now -29.13% away from the 50-day moving average and -49.94% away from the 200-day moving average. The market capitalization of the company currently stands at $296.67M.

Among analysts, 0 rate the stock a hold while 5 rate it a buy. Brokers who have rated the stock have averaged $7.66 as their price target over the next twelve months.

With the price target of $8, Robert W. Baird recently initiated with Outperform rating for Agenus Inc (NASDAQ: AGEN).

In other news, AGENUS INC, 10% Owner bought 429 shares of the company’s stock on Oct 16. The stock was bought for $472 at an average price of $1.10. Upon completion of the transaction, the 10% Owner now directly owns 21,772,863 shares in the company, valued at $16.98 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Oct 13, 10% Owner AGENUS INC bought 19,373 shares of the business’s stock. A total of $21,310 was incurred on buying the stock at an average price of $1.10. This leaves the insider owning 21,772,434 shares of the company worth $16.98 million. A total of 2.47% of the company’s stock is owned by insiders.

During the past 12 months, Agenus Inc has had a low of $0.73 and a high of $3.31. The fifty day moving average price for AGEN is $1.1024 and a two-hundred day moving average price translates $1.5612 for the stock.

The latest earnings results from Agenus Inc (NASDAQ: AGEN) was released for Jun, 2023. According to the Biotechnology Company, earnings per share came in at -$0.2, inline with analysts’ expectations of -$0.2. This compares to -$0.18 EPS in the same period last year. The net profit margin was -264.50% and return on equity was -1998.16% for AGEN. The company reported revenue of $25.3 million for the quarter, compared to $20.93 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 20.88 percent. For the current quarter, analysts expect AGEN to generate $24.33M in revenue.

Agenus Inc(AGEN) Company Profile

Agenus Inc., a clinical-stage immuno-oncology company, discovers and develops immuno-oncology products in the United States and internationally. The company offers Retrocyte Display, an antibody expression platform for the identification of fully human and humanized monoclonal antibodies; and display technologies. It develops QS-21 Stimulon adjuvant, a saponin-based vaccine adjuvant. The company also develops Balstilimab, an anti-PD-1 antagonist that has completed Phase II clinical trial to treat second line cervical cancer; AGEN1181, an anti-CTLA-4 monospecific antibody that is in Phase 2 clinical trial; AGEN2373, a CD137 monospecific antibody that is in Phase 1b clinical trial; AGEN1423, a tumor microenvironment conditioning anti-CD73/TGFß TRAP bi-functional antibody that has completed Phase 1 clinical trial; AGEN1571, an ILT2 monospecific antibody that is in Phase 1 clinical trial; BMS-986442, a TIGIT bispecific antibodies; and AGEN1327, a human monoclonal antibody. In addition, it develops INCAGN1876, a GITR monospecific antibody; INCAGN2390, a TIM-3 monospecific antibody; INCAGN2385, a LAG-3 monospecific antibody; MK-4830, a monospecific antibody targeting ILT4; UGN-301, a zalifrelimab intravesical solution for the treatment of cancers of the urinary tract that is in a Phase 1 clinical trial; AGENT 797, an iNKT cells that is in Phase 1 clinical trial for solid tumors, multiple myeloma, and viral ARDS; and AGEN1884, a first-generation anti-CTLA-4 monospecific antibody. The company operates under Agenus, MiNK, Prophage, Retrocyte Display, and Stimulon trademarks. It has collaborations with Bristol-Myers Squibb Company, Betta Pharmaceuticals Co., Ltd., Incyte Corporation, Merck Sharpe & Dohme, and Gilead Sciences, Inc. The company was formerly known as Antigenics Inc. and changed its name to Agenus Inc. in January 2011. Agenus Inc. was founded in 1994 and is headquartered in Lexington, Massachusetts.

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