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argenx (ARGX) Stock Price, News & Analysis

$529.06
+6.84 (+1.31%)
(As of 09/18/2024 ET)

About argenx Stock (NASDAQ:ARGX)

Key Stats

Today's Range
$526.16
$534.07
50-Day Range
$461.01
$552.56
52-Week Range
$327.73
$554.74
Volume
161,209 shs
Average Volume
323,082 shs
Market Capitalization
$31.44 billion
P/E Ratio
N/A
Dividend Yield
N/A
Price Target
$547.74
Consensus Rating
Moderate Buy

Company Overview

argenx SE, a biotechnology company, engages in the developing of various therapies for the treatment of autoimmune diseases in the United States, Japan, Europe, Middle East, Africa, and China. Its lead product candidate is efgartigimod for the treatment of patients with myasthenia gravis, immune thrombocytopenia, pemphigus vulgaris, generalized myasthenia gravis, chronic inflammatory demyelinating polyneuropathy, thyroid eye disease, bullous pemphigoid, myositis, primary sjögren's syndrome, post-covid postural orthostatic tachycardia syndrome, membranous nephropathy, lupus nephropathy, anca-associated vasculitis, and antibody mediated rejection; ENHANZE SC; Empasiprubart for multifocal motor neuropath, delayed graft function, and dermatomyositis; and ARGX-119 for congenital myasthenic syndrome and amyotrophic lateral sclerosis. The company is developing ARGX-213 targets FcRn; ARGX-121 and ARGX-220 targets immune system; ARGX-109 targets IL-6; ARGX-118 for inflammation; and ARGX-109, as well as cusatuzumab, ARGX-112, ARGX-114, and ARGX-115. It owns VYVGART; VYVGART HYTRULO; VYVDURA; ARGENX; ABDEG; NHANCE; SIMPLE ANTIBODY; and ARGENXMEDHUB. The company has strategic partnership with AbbVie S.À.R.L., Zai Lab Limited, and LEO Pharma A/S; and collaboration and license agreement with Genor Biopharma Co. Ltd, Université Catholique de Louvain, Sopartec S.A., NYU Langone Health, Leiden University Medical Center, AgomAb Therapeutics NV, Broteio Pharma B.V., VIB vzw, University of Texas, BioWa, Inc., and Shire International GmbH. It has collaboration agreement with Genmab A/S to discover, develop, and commercialize novel therapeutic antibodies with applications in immunology and oncology, as well as a strategic collaboration with IQVIA Holdings Inc. to provide safety systems and services. argenx SE was incorporated in 2008 and is based in Amsterdam, the Netherlands.

argenx Stock Analysis - MarketRank™

See Top Rated MarketRank™ Stocks

Overall MarketRank™: 47th Percentile

argenx scored higher than 47% of companies evaluated by MarketBeat, and ranked 664th out of 1,014 stocks in the medical sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

  • Consensus Rating

    argenx has received a consensus rating of Moderate Buy. The company's average rating score is 2.91, and is based on 18 buy ratings, 3 hold ratings, and no sell ratings.

  • Amount of Analyst Coverage

    argenx has been the subject of 14 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

  • Read more about argenx's stock forecast and price target.
  • Earnings Growth

    Earnings for argenx are expected to grow in the coming year, from ($0.37) to $5.46 per share.

  • Price to Earnings Ratio vs. the Market

    The P/E ratio of argenx is -93.47, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.

  • Price to Earnings Ratio vs. Sector

    The P/E ratio of argenx is -93.47, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.

  • Price to Book Value per Share Ratio

    argenx has a P/B Ratio of 7.64. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

  • Read more about argenx's valuation and earnings.
  • Percentage of Shares Shorted

    2.86% of the outstanding shares of argenx have been sold short.
  • Short Interest Ratio / Days to Cover

    argenx has a short interest ratio ("days to cover") of 4.8.
  • Change versus previous month

    Short interest in argenx has recently decreased by 3.41%, indicating that investor sentiment is improving.
  • Dividend Yield

    argenx does not currently pay a dividend.

  • Dividend Growth

    argenx does not have a long track record of dividend growth.

  • Percentage of Shares Shorted

    2.86% of the outstanding shares of argenx have been sold short.
  • Short Interest Ratio / Days to Cover

    argenx has a short interest ratio ("days to cover") of 4.8.
  • Change versus previous month

    Short interest in argenx has recently decreased by 3.41%, indicating that investor sentiment is improving.
  • News Sentiment

    argenx has a news sentiment score of 0.93. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.68 average news sentiment score of Medical companies.
  • News Coverage This Week

    MarketBeat has tracked 8 news articles for argenx this week, compared to 6 articles on an average week.
  • Search Interest

    2 people have searched for ARGX on MarketBeat in the last 30 days. This is an increase of 100% compared to the previous 30 days.
  • MarketBeat Follows

    5 people have added argenx to their MarketBeat watchlist in the last 30 days. This is an increase of 400% compared to the previous 30 days.
  • Insider Buying vs. Insider Selling

    In the past three months, argenx insiders have not sold or bought any company stock.

  • Percentage Held by Insiders

    Only 2.43% of the stock of argenx is held by insiders.

  • Percentage Held by Institutions

    60.32% of the stock of argenx is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

  • Read more about argenx's insider trading history.

ARGX Stock News Headlines

Bicara Therapeutics Inc BCAX
Man who Predicted Trump 2016 Win: “Prepare for Election Meltdown”
Former advisor to the CIA, the Pentagon and the White House Jim Rickards went on multiple TV news programs… A predicted Trump would win. You won’t believe what he’s predicting now.
Here’s Why argenx SE (ARGX) Rose 9% in Q2
ARGX Sep 2024 460.000 call
Truist Financial Issues a Buy Rating on Argenx Se (ARGX)
BMY Sep 2024 30.000 put
See More Headlines

ARGX Stock Analysis - Frequently Asked Questions

argenx's stock was trading at $380.43 at the beginning of the year. Since then, ARGX stock has increased by 39.1% and is now trading at $529.06.
View the best growth stocks for 2024 here
.

argenx SE (NASDAQ:ARGX) announced its earnings results on Thursday, July, 25th. The company reported $0.45 EPS for the quarter, topping the consensus estimate of ($0.89) by $1.34. The firm earned $489.43 million during the quarter, compared to the consensus estimate of $436.66 million. argenx had a negative trailing twelve-month return on equity of 7.33% and a negative net margin of 12.31%.

argenx (ARGX) raised $65 million in an IPO on Thursday, May 18th 2017. The company issued 3,600,000 shares at a price of $18.18 per share. Cowen and Company and Piper Jaffray acted as the underwriters for the IPO and JMP Securities and Wedbush PacGrow were co-managers.

Top institutional shareholders of argenx include Clearbridge Investments LLC (1.04%), Sei Investments Co. (0.64%), Federated Hermes Inc. (0.43%) and American Century Companies Inc. (0.43%).

Shares of ARGX stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

Based on aggregate information from My MarketBeat watchlists, some other companies that argenx investors own include Galapagos (GLPG), Kohl's (KSS), AcelRx Pharmaceuticals (ACRX), Gilead Sciences (GILD), Neurocrine Biosciences (NBIX), Pfizer (PFE) and CRISPR Therapeutics (CRSP).

Company Calendar

Last Earnings
7/25/2024
Today
9/18/2024
Next Earnings (Estimated)
10/29/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Sector
Medical
Industry
Biological products, except diagnostic
Sub-Industry
N/A
Current Symbol
NASDAQ:ARGX
Fax
N/A
Employees
1,148
Year Founded
N/A

Price Target and Rating

Average Stock Price Target
$547.74
High Stock Price Target
$641.00
Low Stock Price Target
$408.00
Potential Upside/Downside
+3.7%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.91
Research Coverage
22 Analysts

Profitability

Net Income
$-295,050,000.00
Pretax Margin
-24.00%

Debt

Sales & Book Value

Annual Sales
$1.62 billion
Book Value
$69.22 per share

Miscellaneous

Free Float
57,987,000
Market Cap
$31.41 billion
Optionable
Optionable
Beta
0.62

Should I Buy argenx Stock? ARGX Pros and Cons Explained

These pros and cons were generated based on recent news and financial data from MarketBeat in order to provide readers with the fastest and most accurate insights. They were last updated on Tuesday, September 3, 2024. Please send any questions or comments about these argenx pros and cons to contact@marketbeat.com.

argenx
Bull Case

green Wall Street bull icon

Here are some ways that investors could benefit from investing in argenx SE:

  • argenx has a strong pipeline of promising therapies targeting various autoimmune diseases, indicating potential for significant revenue growth in the future.
  • The recent price target increase by JPMorgan Chase & Co. to $640.00 suggests positive sentiment and potential upside in the stock.
  • Positive analyst ratings, with a majority of analysts assigning buy or strong buy ratings to the company, indicating confidence in its future performance.
  • argenx's lead product candidate, efgartigimod, has shown promise in treating multiple autoimmune conditions, highlighting the company's innovative approach to addressing unmet medical needs.
  • With institutional investors and hedge funds owning a significant portion of the company's stock, there is a level of confidence in argenx's long-term growth prospects.

argenx
Bear Case

red Wall Street bear icon

Investors should be bearish about investing in argenx SE for these reasons:

  • The stock price of argenx has been volatile, with fluctuations in the market impacting short-term returns and potentially causing uncertainty among investors.
  • Biotechnology investments can be high-risk due to the nature of drug development, regulatory hurdles, and potential setbacks in clinical trials, which may lead to financial losses.
  • Competition in the biopharmaceutical industry is intense, with other companies also developing treatments for autoimmune diseases, posing a challenge to argenx's market share and profitability.
  • Market conditions and regulatory changes can significantly impact the valuation and performance of biotech stocks like argenx, making them susceptible to external factors beyond the company's control.
  • Investing in biotech companies requires a thorough understanding of the industry, including scientific advancements, regulatory processes, and market dynamics, which may be complex for some investors to navigate effectively.

This page (NASDAQ:ARGX) was last updated on 9/18/2024 by MarketBeat.com Staff
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