Ensign Peak Advisors, Inc. recently announced the acquisition of new stake in AgileThought Inc. (NASDAQ:AGIL). The institutional investor has increased its shareholding in the Technology company by 9.23% to 0.86 million shares with purchase of 72429.0 shares. This fresh investment now brings its stake to 1.64% valued currently at $0.18 million. In addition, BlackRock Fund Advisors raised its holdings by 10733.0 to 0.12 million shares.
With over 9.16 million AgileThought Inc. (AGIL) shares trading Monday and a closing price of $0.15 on the day, the dollar volume was approximately $1.37 million. The shares have shown a negative half year performance of -96.27% and its price on 09/18/23 gained nearly 3.89%. Currently, there are 48.82M common shares owned by the public and among those 31.67M shares have been available to trade.
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An analysis of what Wall Street brokers have to say about the expected price targets for this stock gives us this picture: 2 analysts who have offered their price forecasts for AGIL have a consensus price objective of $2.00. The analysts have set the share’s price value over the next 12 months at a high of $2.00 and a low of $2.00. The average price target is 93.33% above its recent price level and an upside to the estimated low will see the stock gain 92.5% over that period. But an upside of 92.5% will see the stock hit the forecast high price target while median target price for the stock is $2.00.
Insiders at the company have transacted a total of 57 times over the past 12 months, according to data filed with the U.S. Securities and Exchange Commission (SEC). 16 of these insider trades were purchases, accounting for 137,794 shares. Insider sales of the common stock occurred on 41 occasions, with total insider shares sold totaling 646,637 shares.
The top 3 mutual fund holders in AgileThought Inc. are Wasatch Micro Cap Value Fund, Vanguard Total Stock Market ETF, and Fidelity Extended Market Index Fu. Wasatch Micro Cap Value Fund owns 0.47 million shares of the company’s stock, all valued at over $0.1 million. The company sold -0.57 million shares recently to bring their total holdings to about 0.90% of the shares outstanding. Vanguard Total Stock Market ETF sold -0.3 million shares to see its total holdings shrink to 0.16 million shares valued at over $33993.0 and representing 0.31% of the shares outstanding. Fidelity Extended Market Index Fu now owns shares totaling to 0.26% of the shares outstanding.
However, the script later moved the day high at 0.1994, up 3.89%. The company’s stock has a 5-day price change of 17.41% and -79.86% over the past three months. AGIL shares are trading -96.50% year to date (YTD), with the 12-month market performance down to -96.12% lower. It has a 12-month low price of $0.12 and touched a high of $4.80 over the same period. AGIL has an average intraday trading volume of 3.68 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by -32.54%, -73.49%, and -93.55% respectively.
Institutional ownership of AgileThought Inc. (NASDAQ: AGIL) shares accounts for 52.50% of the company’s 48.82M shares outstanding. Mutual fund holders own 20.37%, while other institutional holders and individual stakeholders account for 24.84% and 2.06% respectively.
It has a market capitalization of $7.92M and a beta (3y monthly) value of -0.04. The earnings-per-share (ttm) stands at -$1.44. Price movements for the stock have been influenced by the stock’s volatility, which stands at 22.13% over the week and 32.55% over the month.
Analysts forecast that AgileThought Inc. (AGIL) will achieve an EPS of $Alamos Gold Inc. for the current quarter, $12.63 for the next quarter and $Stocks for Type. The lowest estimate earnings-per-share for the quarter is $AgileThought, Inc. while analysts give the company a high EPS estimate of $Agile Therapeutics, Inc.. Comparatively, EPS for the current quarter was $Agiliti, Inc. a year ago. Earnings per share for the fiscal year are expected to increase by 18.60%, and 80.50% over the next financial year.
If you are looking to buy this stock, then you may note that the average analyst recommendation by 2 brokerage firm advisors rate AgileThought Inc. (AGIL) as a “Moderate Buy” at a consensus score of 2.00. Specifically, 1 Wall Street analysts polled rate the stock as a buy, while 1 of the 2 advise that investors “hold,” and 0 rated it as a “Sell.”
Looking at the support for the AGIL, a number of firms have released research notes about the stock. Canaccord Genuity stated their Buy rating for the stock in a research note on December 09, 2022, with the firm’s price target at $7.
