Agenus Inc. (NASDAQ:AGEN) has been off my radar for some time now. My last assessment of the company dates back to April 2022, when I published an article titled “Agenus: Falling Short.” At the time, I assigned a “Hold” rating to Agenus, which was trading at $46 per share.
Since then, I’ve been keeping a close eye on the company’s progress, and I must say that my initial reservations still hold true. While Agenus has made some strides, I believe it still lacks the catalysts needed to propel its stock to new heights.
As a long-term investor, I’m always on the lookout for companies with strong growth potential. And while Agenus has shown flashes of brilliance, I remain unconvinced that it can sustain its momentum over the long haul.
In my previous article, I highlighted several areas where Agenus fell short. Unfortunately, I don’t see much having changed since then. The company still faces stiff competition in its industry, and its financials remain a concern.
That being said, I do believe that Agenus has some promising assets in its pipeline. However, until these assets start generating meaningful revenue, I remain skeptical about the company’s ability to drive growth.
As always, I’ll continue to monitor Agenus’ progress and adjust my rating accordingly. But for now, I’m sticking with my “Hold” rating.
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