AGI (NYSE:AGBK) Reaches New 52-Week Low – Time to Sell?

AGI Inc (NYSE:AGBK)’s stock price hit a new 52-week low during mid-day trading on Tuesday . The company traded as low as $5.99 and last traded at $6.05, with a volume of 211003 shares trading hands. The stock had previously closed at $6.14.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on the stock. The Goldman Sachs Group set a $13.00 target price on shares of AGI in a research note on Thursday, August 6th. Susquehanna set a $14.00 price objective on shares of AGI in a research note on Friday, May 8th. Oppenheimer decreased their price objective on shares of AGI from $10.00 to $9.00 and set an “outperform” rating on the stock in a research report on Friday, August 7th. Zacks Research cut shares of AGI from a “hold” rating to a “strong sell” rating in a research note on Thursday, July 16th. Finally, Itau BBA Securities downgraded shares of AGI from an “outperform” rating to a “market perform” rating and set a $9.00 target price for the company. in a report on Wednesday, May 6th. Six analysts have rated the stock with a Buy rating, one has issued a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat, AGI has a consensus rating of “Hold” and a consensus price target of $14.14.

AGI Trading Down 1.5%

The business’s 50 day moving average is $6.87. The company has a debt-to-equity ratio of 0.31, a quick ratio of 1.51 and a current ratio of 1.51. The firm has a market capitalization of $967.58 million and a P/E ratio of 10.25.

AGI Company Profile

Our mission is to revolutionize financial services for the largest and fastest growing segment of Brazil’s population: individuals who have been underserved by incumbent banks and have not been effectively reached by digital-only banks. We seek to make credit and banking solutions more accessible and affordable for the Brazilian consumers who we believe need it the most, including social security beneficiaries and private and public sector workers. We have designed a unique value proposition for this population, who may be older, have a lower income, be less tech-savvy or have less access to education.