AGI (NYSE:AGBK) Reaches New 12-Month Low – Time to Sell?

AGI Inc (NYSE:AGBK)’s share price hit a new 52-week low during mid-day trading on Wednesday . The stock traded as low as $5.88 and last traded at $5.89, with a volume of 206956 shares. The stock had previously closed at $6.04.

Analyst Upgrades and Downgrades

A number of research firms recently commented on AGBK. Zacks Research lowered shares of AGI from a “hold” rating to a “strong sell” rating in a report on Thursday, July 16th. The Goldman Sachs Group set a $13.00 price objective on shares of AGI in a research note on Thursday, August 6th. Oppenheimer dropped their target price on shares of AGI from $10.00 to $9.00 and set an “outperform” rating for the company in a report on Friday, August 7th. Finally, Weiss Ratings reissued a “sell (d)” rating on shares of AGI in a research note on Friday, August 7th. Six research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $14.14.

AGI Price Performance

The business has a 50 day moving average of $6.53 and a 200 day moving average of $7.18. The company has a market cap of $934.63 million and a PE ratio of 9.91. The company has a debt-to-equity ratio of 0.31, a current ratio of 1.51 and a quick ratio of 1.51.

Insider Buying and Selling

In other news, CTO Vinicius Birkeland Aloe sold 256,386 shares of the firm’s stock in a transaction dated Monday, August 31st. The shares were sold at an average price of $11.99, for a total value of $3,074,068.14. Following the completion of the sale, the chief technology officer directly owned 176,423 shares of the company’s stock, valued at approximately $2,115,311.77. This trade represents a 59.24% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website.

AGI Company Profile

Our mission is to revolutionize financial services for the largest and fastest growing segment of Brazil’s population: individuals who have been underserved by incumbent banks and have not been effectively reached by digital-only banks. We seek to make credit and banking solutions more accessible and affordable for the Brazilian consumers who we believe need it the most, including social security beneficiaries and private and public sector workers. We have designed a unique value proposition for this population, who may be older, have a lower income, be less tech-savvy or have less access to education.