AGI (NYSE:AGBK) Sets New 1-Year Low – Here’s Why

AGI Inc (NYSE:AGBK) hit a new 52-week low during mid-day trading on Monday. The stock traded as low as $4.91 and last traded at $4.8330, with a volume of 315,666 shares changing hands. The stock had previously closed at $7.58.

Wall Street Analyst Weigh In

Several research firms have weighed in on AGBK. Weiss Ratings reiterated a “sell (d)” rating on shares of AGI in a research report on Friday, August 7th. Zacks Research downgraded shares of AGI from a “hold” rating to a “strong sell” rating in a research report on Thursday, July 16th. The Goldman Sachs Group set a $13.00 price objective on shares of AGI in a research report on Thursday, August 6th. Finally, Oppenheimer reduced their price objective on AGI from $10.00 to $9.00 and set an “outperform” rating for the company in a research note on Friday, August 7th. Six research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat, AGI currently has an average rating of “Hold” and an average target price of $14.14.

AGI Stock Down 40.8%

The company’s fifty day moving average is $6.47 and its 200-day moving average is $6.84. The company has a market capitalization of $718.09 million and a PE ratio of 7.58. The company has a debt-to-equity ratio of 0.31, a quick ratio of 1.51 and a current ratio of 1.51.

Insider Buying and Selling at AGI

In other AGI news, CTO Vinicius Birkeland Aloe sold 256,386 shares of the company’s stock in a transaction that occurred on Monday, August 31st. The shares were sold at an average price of $11.99, for a total value of $3,074,068.14. Following the completion of the transaction, the chief technology officer directly owned 176,423 shares in the company, valued at $2,115,311.77. This represents a 59.24% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink.

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.