agilon health (NYSE:AGL) Reaches New 52-Week Low – Here’s Why

agilon health, inc. (NYSE:AGL)’s stock price hit a new 52-week low during trading on Friday . The stock traded as low as $1.88 and last traded at $1.88, with a volume of 245464 shares trading hands. The stock had previously closed at $2.79.

Wall Street Analyst Weigh In

Several analysts recently commented on AGL shares. William Blair cut agilon health from an “outperform” rating to a “market perform” rating in a research report on Friday. Bank of America lowered agilon health from a “buy” rating to an “underperform” rating and set a $3.00 price target for the company. in a research note on Wednesday, October 2nd. Royal Bank of Canada reaffirmed an “outperform” rating and set a $8.00 target price on shares of agilon health in a research note on Wednesday, August 7th. Citigroup restated a “sell” rating and set a $2.50 price objective (down previously from $7.00) on shares of agilon health in a research report on Tuesday, October 29th. Finally, Deutsche Bank Aktiengesellschaft reduced their target price on shares of agilon health from $5.00 to $4.00 and set a “hold” rating for the company in a report on Friday, August 9th. Three analysts have rated the stock with a sell rating, fourteen have given a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $7.81.

agilon health Price Performance

The company has a market capitalization of $810.62 million, a PE ratio of -2.70 and a beta of 0.60. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.36 and a current ratio of 1.36. The stock has a 50 day moving average price of $3.31 and a two-hundred day moving average price of $5.00.

agilon health (NYSE:AGL) last posted its earnings results on Tuesday, August 6th. The company reported ($0.07) EPS for the quarter, hitting the consensus estimate of ($0.07). The company had revenue of $1.48 billion during the quarter, compared to the consensus estimate of $1.56 billion. agilon health had a negative net margin of 5.57% and a negative return on equity of 29.91%. The company’s revenue for the quarter was up 38.7% compared to the same quarter last year. During the same period in the previous year, the firm posted ($0.04) earnings per share. Equities analysts forecast that agilon health, inc. will post -0.32 earnings per share for the current year.

Insider Activity at agilon health

In related news, CEO Steven Sell bought 20,000 shares of the business’s stock in a transaction on Thursday, September 12th. The shares were bought at an average cost of $3.36 per share, for a total transaction of $67,200.00. Following the completion of the acquisition, the chief executive officer now directly owns 67,590 shares in the company, valued at approximately $227,102.40. This represents a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 3.20% of the stock is owned by company insiders.

Institutional Investors Weigh In On agilon health

A number of hedge funds have recently bought and sold shares of the company. GSA Capital Partners LLP boosted its stake in agilon health by 302.8% during the 1st quarter. GSA Capital Partners LLP now owns 111,714 shares of the company’s stock valued at $681,000 after purchasing an additional 83,980 shares during the period. Quantbot Technologies LP bought a new stake in shares of agilon health in the first quarter valued at approximately $862,000. Swiss National Bank boosted its position in shares of agilon health by 0.6% in the first quarter. Swiss National Bank now owns 602,800 shares of the company’s stock valued at $3,677,000 after acquiring an additional 3,400 shares during the period. Susquehanna Fundamental Investments LLC acquired a new stake in shares of agilon health in the first quarter worth $2,975,000. Finally, Bleakley Financial Group LLC bought a new position in agilon health during the first quarter worth $65,000.

About agilon health

agilon health, inc. provides healthcare services for seniors through primary care physicians in the communities of the United States. It offers a platform that manages the total healthcare needs of the patients by subscription-like per-member per-month. The company was formerly known as Agilon Health Topco, Inc and changed its name to agilon health, inc.