The Majority of Analysts Are Still Bullish on Applied Genetic Technologies Corporation (AGTC)

On Friday, shares of Applied Genetic Technologies Corporation (NASDAQ:AGTC) marked $7.40 per share versus a previous $8.37 closing price. With having a -11.59% loss, an insight into the fundamental values of Applied Genetic Technologies Corporation, investors would also find a great ally in the technical patterns of the stock movements showed in stock charts. AGTC showed a rise of 63.72% within its YTD performance, with highs and lows between $2.52 – $10.42 during the period of 52 weeks, compared to the simple moving average of 92.22% in the period of the last 200 days.

BMO Capital Markets equity researchers changed the status of Applied Genetic Technologies Corporation (NASDAQ: AGTC) shares from “Market Perform” to a “Outperform” rating in the report published on September 27th, 2019. Other analysts, including H.C. Wainwright, also published their reports on AGTC shares. H.C. Wainwright repeated the rating from the previous report, marking AGTC under “Buy” rating, in the report published on September 27th, 2019. Additionally, AGTC shares got another “Buy” rating from Janney, setting a target price of $13 on the company’s shares, according to the report published in September 6th, 2019. On September 14th, 2017, Stifel Reiterated an Buy rating and increased its price target from $15 to $12. On the other hand, Stifel Reiterated the “Buy” rating for AGTC shares, as published in the report on May 11th, 2017. Rodman & Renshaw seems to be going bullish on the price of AGTC shares, based on the price prediction for AGTC, indicating that the shares will jump to $16, giving the shares “Buy” rating based on their report from March 15th, 2017. Another “Buy” rating came from ROTH Capital.

Applied Genetic Technologies Corporation (AGTC) Analysis

The present dividend yield for AGTC owners is set at 0, marking the return investors will get regardless of the company’s performance in the upcoming period. In addition, the growth of sales from quarter to quarter is recording , hinting the company’s progress in the upcoming progress.

In order to gain a clear insight on the performance of Applied Genetic Technologies Corporation (AGTC) as it may occur in the future, there are more than several well-rounded types of analysis and research techniques, while equity is most certainly one of the more important indicators into the company’s growth and performance. In this case, you want to make sure that the return on the present equity of -19.00% is enough for you to make a profit out of your investment. You may also count in the quick ratio of the company, currently set at 7.90 so you would make sure that the company is able to cover the debts it may have, which can be easily seen in annual reports of the company.

Set to affect the volatility of a given stock, the average volume can also be a valuable indicator, while AGTC is currently recording an average of 1.10M in volumes. The volatility of the stock on monthly basis is set at 15.88%, while the weekly volatility levels are marked at 16.84%with -8.98% of loss in the last seven days. Additionally, long-term investors are predicting the target price of $14.42, indicating growth from the present price of $7.40, which can represent yet another valuable research and analysis points that can help you decide whether to invest in AGTC or pass.

What to Look for When Analyzing Applied Genetic Technologies Corporation Shares?

Applied Genetic Technologies Corporation (AGTC) is based in the USA and it represents one of the well-known company operating with Healthcare sector. If you wish to compare AGTC shares with other companies under Electronic Equipment and Consumer Goods, a factor to note is the P/E value of for Applied Genetic Technologies Corporation, while the value can represent an indicator in the future growth of the company in terms of investor’s expectations. The later value should have a steady growth rate, increasing and growing gradually, which serves the purpose of reliably showcasing the progress of the company. The value -0.82 is supported by the yearly ESP growth of 90.90%.

Besides from looking into the fundamentals, you should also note the number of people inside the company owning the shares, as the values should be in line with the expectations of investors. In that spirit, the present ownership of stocks inside the company is set at 0.60%, which can provide you with an insight of how involved executives are in owning shares of the company. In oppose to the executives’ share, the institutional ownership counts 62.90% of shares, carrying an equal significance as an indicator of value, as the presence of large investors may signal a strong company.

Are Institutional Investors Increasing Stakes in AGTC Shares?

It appears that more than several institutional investors and hedge funds decided to increase stakes in AGTC in the recent period. That is how Renaissance Technologies LLC now has an increase position in AGTC by 9.74% in the first quarter, owning 1.05 million shares of AGTC stocks, with the value of $4.75 million after the purchase of an additional 93,260 shares during the last quarter. In the meanwhile, Dimensional Fund Advisors LP also increased their stake in AGTC shares changed 1.88% in the first quarter, which means that the company now owns 1.04 million shares of company, all valued at $4.68 million after the acquisition of additional 19,129 shares during the last quarter.

Acadian Asset Management LLC acquired a new position in Applied Genetic Technologies Corporation during the first quarter, with the value of $3.16 million, and The Vanguard Group, Inc. increased their stake in the company’s shares by 14.18% in the first quarter, now owning 84,398 shares valued at $3.07 million after the acquisition of the additional 679472 shares during the last quarter. In the end, 683 Capital Management LLC increased their position by 0.00% during the first quarter, now owning 557834 AGTC shares, now holding the value of $2.52 million in AGTC with the purchase of the additional 357,834 shares during the period of the last quarter. At the present, 62.90% of AGTC shares are in the ownership of institutional investors.