Wall Street brokerages predict that argenx SE – (NASDAQ:ARGX) will announce $16.30 million in sales for the current quarter, Zacks Investment Research reports. Five analysts have issued estimates for argenx’s earnings. The highest sales estimate is $25.99 million and the lowest is $8.96 million. The firm is scheduled to report its next earnings report before the market opens on Thursday, August 1st.
According to Zacks, analysts expect that argenx will report full-year sales of $83.98 million for the current fiscal year, with estimates ranging from $59.98 million to $108.98 million. For the next year, analysts anticipate that the firm will report sales of $67.69 million, with estimates ranging from $28.01 million to $128.80 million. Zacks Investment Research’s sales calculations are a mean average based on a survey of research firms that follow argenx.
Several research firms have weighed in on ARGX. Stifel Nicolaus reiterated a “buy” rating and set a $154.00 price objective on shares of argenx in a research report on Thursday, August 1st. Morgan Stanley boosted their target price on shares of argenx from $143.00 to $173.00 and gave the company an “overweight” rating in a research report on Tuesday, August 6th. Zacks Investment Research raised shares of argenx from a “sell” rating to a “hold” rating in a research report on Monday. Robert W. Baird began coverage on shares of argenx in a research note on Thursday, June 27th. They issued an “outperform” rating and a $170.00 price target on the stock. Finally, ValuEngine lowered shares of argenx from a “buy” rating to a “hold” rating in a research report on Thursday, August 1st. Two analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus price target of $155.27.
ARGX traded up $1.18 during trading on Friday, hitting $124.07. The stock had a trading volume of 393,658 shares, compared to its average volume of 167,232. The company has a debt-to-equity ratio of 0.01, a current ratio of 9.37 and a quick ratio of 14.29. The company has a 50 day moving average price of $136.96 and a 200-day moving average price of $131.55. argenx has a one year low of $63.81 and a one year high of $150.92. The firm has a market cap of $3.92 billion, a price-to-earnings ratio of -52.35 and a beta of 1.25.
argenx Company Profile
argenx SE, a clinical-stage biopharmaceutical company, focuses on developing antibody-based therapies for the treatment of autoimmune diseases and cancer. The company's lead product candidates include ARGX-113 that completed Phase 2 clinical trials for the treatment of autoimmune diseases, including myasthenia gravis, immune thrombocytopenia, and pemphigus vulgaris; and ARGX-110, which is in Phase 1/2 clinical trials for the treatment of T-cell lymphoma, acute myeloid leukemia, and myelodysplastic syndrome.
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