Agenus Inc. (NASDAQ:AGEN)’s beta now stands at 2.13 and when compared to its 200-day moving average and its 50-day moving average, AGEN price stands 45.02% above and 22.53% above respectively. The stock dropped by -41.68% or -$2.58 from its last recorded high of $6.19 which it attained on March 06 to close at $3.61 per share. Over the past 52 weeks, the shares of Agenus Inc. has been trading as low as $1.54 before witnessing a massive surge by 134.42% or $2.07. This price movement has led to the AGEN stock receiving more attention and has become one to watch out for. It jumped by 1.12% on Wednesday and this got the market excited. Its average daily volatility for this week is 3.89% which is less than the 6.38% recorded over the past month.
Agenus Inc. (AGEN) rose 5.25% this week, a trend that has led to both investors and traders taking note of the stock. Over the past one year, the equity price has embarked on a drop that has seen it decline -4.75% and is now up by 51.68% since start of this year. A look at its monthly performance shows that the stock has recorded a 13.88% gain over the past 30 days. Its equity price climbed by 81.41% over the past three months which led to its overall six-month increase to stand at 106.29%.
Experts from research firms are bullish about the near-term performance of Agenus Inc. with most of them predicting a $7 price target on a short-term (12 months) basis. The average price target by the analysts will see a 93.91% rise in the stock and would lead to AGEN’s market cap to surge to $822.92M. The stock has been rated an average 0, which roughly stands towards the bullish end of the spectrum. Reuters looked into the 2 analysts that track Agenus Inc. (NASDAQ:AGEN) and find out that 0 of them rated it as a Hold. 2 of the 2 analysts rated it as a Buy or a Strong Buy while 0 advised investors to desist from buying the stock or sell it if they already possess it.
A look at AGEN technical analysis shows that its 14-day Relative Strength Index (RSI) is in a neutral zone after reaching 61.75 point. Its trading volume has lost -923674 shares compared to readings over the past three months as it recently exchanged 1076326 shares. This means there is reduced activity from short-term traders as per session, its average trading volume is 2000000 shares, and this is 0.54 times the normal volume.
The price of Enphase Energy, Inc. (NASDAQ:ENPH) currently stands at $7.68 after it went up by $0.08 or 1.05% and has found a strong support at $7.51 a share. If the ENPH price drops below that critical support, then it would lead to a bearish trend. In the short-term, a dip below the $7.35 mark would also be bad for the stock as it means that the stock would plunge by 4.3% from its current position. However, if the stock price is able to trade above the resistance point around $7.84, then it could likely surge higher to try and break the upward resistance which stands at $8.01 a share. Its average daily volatility over the past one month stands at 5.73%. The stock has plunged by 93.35% from its 52-weeks high of $0.5109 which it reached on Feb. 12, 2019. In general, it is 69.14% above its 52-weeks lowest point which stands at $2.37 and this setback was observed on Feb. 23, 2018.
Analysts have predicted a price target for Enphase Energy, Inc. (ENPH) for 1 year and it stands at an average $7.46/share. This means that it would likely increase by -2.86% from its current position. The current price of the stock has been moving between $7.5109 and $7.84. Some brokerage firms have a lower target for the stock than the average, with one of them setting a price target as low as $6.5. On the other hand, one analyst is super bullish about the price, setting a target as high as $9.
The ENPH stock Stochastic Oscillator (%D) is at 85.9%, which means that it is currently overbought and its prices could dip very soon. The shares P/S ratio stands at 2.71. The stock currently has an estimated price-earnings (P/E) multiple of 27.63, which is lower than the 32.68 multiple of 12-month price-earnings (P/E). The company’s earnings have gone up, with a quarterly increase rate of 36% over the past five years.
Analysts view Enphase Energy, Inc. (NASDAQ:ENPH) as a Buy, with 0 consensus rating. Reuters surveyed 7 analysts that follow ENPH and found that 1 of those analysts rated the stock as a Hold. The remaining 6 were divided, with 6 analyst rating it as a Buy or a Strong Buy while 0 analysts advised investors to desist from buying Enphase Energy, Inc. (ENPH) shares or sell it if they already own it.