Agenus (AGEN) Earning Somewhat Positive Press Coverage, Report Finds
News articles about Agenus (NASDAQ:AGEN) have trended somewhat positive on Tuesday, according to Accern. The research group identifies positive and negative news coverage by reviewing more than twenty million blog and news sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Agenus earned a news impact score of 0.22 on Accern’s scale. Accern also assigned press coverage about the biotechnology company an impact score of 46.009602318937 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the immediate future.
These are some of the media headlines that may have effected Accern Sentiment’s scoring:
- Agenus Inc. (AGEN) crosses SMA-50 below with -0.41% – Street Observer (press release) (streetobserver.com)
- Agenus, Inc. breached its 50 day moving average in a Bearish Manner : AGEN-US : August 7, 2017 (finance.yahoo.com)
- Agenus Inc. (NASDAQ:AGEN) Stock Rating Upgraded by BidaskClub (wisdomsave.com)
- Agenus Inc. (NASDAQ:AGEN) Given Buy Rating at Jefferies Group LLC (americanbankingnews.com)
- How These Biotech Stocks are Performing? — Agenus, Aptose … – Markets Insider (markets.businessinsider.com)
AGEN has been the topic of a number of recent analyst reports. ValuEngine lowered shares of Agenus from a “sell” rating to a “strong sell” rating in a report on Saturday, July 8th. Zacks Investment Research upgraded shares of Agenus from a “sell” rating to a “buy” rating and set a $4.50 price target on the stock in a report on Wednesday, July 5th. Maxim Group restated a “buy” rating and set a $7.00 price target on shares of Agenus in a report on Sunday, April 23rd. BidaskClub upgraded shares of Agenus from a “hold” rating to a “buy” rating in a report on Monday, July 24th. Finally, Jefferies Group LLC restated a “buy” rating and set a $7.00 price target on shares of Agenus in a report on Friday. One research analyst has rated the stock with a sell rating, two have given a hold rating and four have given a buy rating to the company. Agenus currently has a consensus rating of “Hold” and a consensus target price of $5.88.
Agenus (NASDAQ:AGEN) opened at 3.79 on Tuesday. The firm has a 50-day moving average of $4.26 and a 200 day moving average of $3.90. The firm’s market cap is $375.66 million. Agenus has a 1-year low of $3.20 and a 1-year high of $7.49.
Agenus (NASDAQ:AGEN) last announced its quarterly earnings results on Thursday, August 3rd. The biotechnology company reported ($0.32) earnings per share for the quarter, beating the Zacks’ consensus estimate of ($0.36) by $0.04. Agenus had a negative net margin of 280.96% and a negative return on equity of 37,577.49%. The firm had revenue of $4.21 million for the quarter, compared to analyst estimates of $6.66 million. During the same quarter in the previous year, the firm posted ($0.33) earnings per share. The business’s revenue was down 36.1% on a year-over-year basis. Analysts expect that Agenus will post ($1.17) earnings per share for the current fiscal year.
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Agenus Company Profile
Agenus Inc (Agenus) is an immuno-oncology (I-O) company. The Company focuses on the discovery and development of therapies that engage the body’s immune system to fight cancer. It is developing a I-O portfolio driven by platforms and programs, such as antibody discovery platforms, including Retrocyte Display, SECANT yeast display and phage display technologies designed to produce human antibodies; antibody candidate programs, including checkpoint modulator (CPM) programs; vaccine programs, including Prophage, AutoSynVax and PhosPhoSynVax, and saponin-based vaccine adjuvants, principally QS-21 Stimulon adjuvant (QS-21 Stimulon).
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