Applied Genetic Technologies Corporation (NASDAQ:AGTC) shares, rose in value on Friday, 11/05/21, with the stock price down by -6.87% to the previous day’s close as strong demand from buyers drove the stock to $2.71.

Actively observing the price movement in the last trading, the stock closed the session at $2.91, falling within a range of $2.70 and $2.95. The value of beta (5-year monthly) was 2.15. Referring to stock’s 52-week performance, its high was $9.67, and the low was $2.52. On the whole, AGTC has fluctuated by 1.12% over the past month.

3 Tiny Stocks Primed to Explode The world’s greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.

We’ve set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.

Click here for full details and to join for free


With the market capitalization of Applied Genetic Technologies Corporation currently standing at about $117.51 million, investors are eagerly awaiting this quarter’s results, scheduled for Sep 07, 2021 – Sep 13, 2021. As a result, investors might want to see an improvement in the stock’s price before the company announces its earnings report. Analysts are projecting the company’s earnings per share (EPS) to be -$0.4, which is expected to increase to -$0.34 for fiscal year -$1.91 and then to about -$1.64 by fiscal year 2022. Data indicates that the EPS growth is expected to be 12.00% in 2022, while the next year’s EPS growth is forecast to be 14.10%.

Revisions could be a useful indicator to get insight on short-term price movement; so for the company, there were no upward and no downward review(s) in last seven days. We see that AGTC’s technical picture suggests that short-term indicators denote the stock is a 50% Sell on average. However, medium term indicators have put the stock in the category of 100% Sell while long term indicators on average have been pointing out that it is a 100% Sell.

8 analyst(s) have assigned their ratings of the stock’s forecast evaluation on a scale of 1.00-5.00 to indicate a strong buy to a strong sell recommendation. The stock is rated as a Hold by 0 analyst(s), 8 recommend it as a Buy and 0 called the AGTC stock Overweight. In the meantime, 0 analyst(s) believe the stock as Underweight and 0 think it is a Sell. Thus, investors eager to increase their holdings of the company’s stock will have an opportunity to do so as the average rating for the stock is Buy.

The stock’s technical analysis shows that the PEG ratio is about 0, with the price of AGTC currently trading nearly 1.35% and -10.41% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 46.37, while the 7-day volatility ratio is showing 6.49% which for the 30-day chart, stands at 5.06%. Furthermore, Applied Genetic Technologies Corporation (AGTC)’s beta value is 1.96, and its average true range (ATR) is 0.14. The company’s stock has been forecasted to trade at an average price of $16.63 over the course of the next 52 weeks, with a low of $11.00 and a high of $35.00. Based on these price targets, the low is -305.9% off current price, whereas the price has to move -1191.51% to reach the yearly target high. Additionally, analysts’ median price of $12.00 is likely to be welcomed by investors because it represents a decrease of -342.8% from the current levels.

A comparison of Applied Genetic Technologies Corporation (AGTC) with its peers suggests the former has fared considerably weaker in the market. AGTC showed an intraday change of -6.87% in last session, and over the past year, it shrunk by -52.46%%. In comparison, Eiger BioPharmaceuticals Inc. (EIGR) has moved higher at 3.02% on the day and was down -9.40% over the past 12 months. On the other hand, the price of Apollo Endosurgery Inc. (APEN) has fallen -0.43% on the day. The stock, however, is off 404.32% from where it was a year ago. Additionally, there is a loss of -1.70% for Dicerna Pharmaceuticals Inc. (DRNA) in last trading while the stock has seen an overall depriciation of -4.49%% over the past year. Other than that, the overall performance of the S&P 500 during the last trading session […]

source Thinking Of Investing In Applied Genetic Technologies Corporation (NASDAQ: AGTC) Stock? Here’s What You Need To Know

editor Stocks , , ,

Leave a Reply