Research brokerage firms on Wall Street are offering a consensus “Buy” rating on shares of Agenus Inc. (NASDAQ:AGEN). Using the following ratings scale: 1.0 Strong Buy, 2.0 Buy, 3.0 Hold, 4.0 Sell and 5.0 Strong Sell, analysts have an average recommendation of 1.30 on the shares. Based on a recent trade, the shares are hovering around $3.68 which, according to analysts, yield significant upside potential to the $11.00 consensus target price.
Wall Street firms hire hundreds of analysts who provide recommendations on stocks. Typically, these analysts look at a company’s fundamentals, building financial models from this information in order to project future trends, specifically future earnings. These projections are then used as a basis for providing “buy” or “sell” recommendations. Many investors consider these recommendations very seriously, and often times whenever an analyst changes their outlook on a stock, the price change almost immediately.
Agenus Inc. (NASDAQ:AGEN)’s shares may have a significant upside to the consensus target of 11.00, but how has it been performing relative to the market? The stock’s price is 3.68 and their relative strength index (RSI) stands at 45.68. RSI is a technical oscillator that shows price strength by comparing upward and downward movements. It indicates oversold and overbought price levels for a stock.
Agenus Inc. (NASDAQ:AGEN) shares are moving -0.54% trading at $3.68 today.