Agile Therapeutics (AGRX) Shares Down 47.1%

Agile Therapeutics Inc (NASDAQ:AGRX) shares were down 47.1% during mid-day trading on Friday . The company traded as low as $1.93 and last traded at $2.52. Approximately 10,342,096 shares traded hands during trading, an increase of 2,430% from the average daily volume of 408,765 shares. The stock had previously closed at $4.76.

A number of research analysts recently issued reports on AGRX shares. HC Wainwright set a $8.00 price target on shares of Agile Therapeutics and gave the company a “buy” rating in a research report on Friday. ValuEngine lowered shares of Agile Therapeutics from a “sell” rating to a “strong sell” rating in a research note on Friday, September 1st. Cantor Fitzgerald restated a “buy” rating and set a $8.00 price objective on shares of Agile Therapeutics in a research note on Monday, November 6th. Royal Bank of Canada raised their price objective on shares of Agile Therapeutics from $8.00 to $10.00 and gave the company an “outperform” rating in a research note on Thursday, September 14th. Finally, Janney Montgomery Scott lowered shares of Agile Therapeutics from a “buy” rating to a “hold” rating in a research note on Friday. One research analyst has rated the stock with a sell rating, one has issued a hold rating and five have assigned a buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus target price of $9.80.

The stock has a market capitalization of $162.73, a P/E ratio of -2.74 and a beta of 2.03. The company has a debt-to-equity ratio of 0.14, a current ratio of 4.10 and a quick ratio of 4.10.

Agile Therapeutics (NASDAQ:AGRX) last announced its quarterly earnings results on Monday, November 6th. The specialty pharmaceutical company reported ($0.22) EPS for the quarter, topping analysts’ consensus estimates of ($0.25) by $0.03. research analysts anticipate that Agile Therapeutics Inc will post -0.99 earnings per share for the current fiscal year.

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Dimensional Fund Advisors LP lifted its holdings in Agile Therapeutics by 604.2% during the second quarter. Dimensional Fund Advisors LP now owns 95,820 shares of the specialty pharmaceutical company’s stock valued at $359,000 after purchasing an additional 82,213 shares in the last quarter. Goldman Sachs Group Inc. purchased a new position in Agile Therapeutics during the second quarter valued at approximately $309,000. Janney Montgomery Scott LLC purchased a new position in shares of Agile Therapeutics in the second quarter worth $122,000. Caxton Corp lifted its holdings in shares of Agile Therapeutics by 12.1% in the third quarter. Caxton Corp now owns 1,820,012 shares of the specialty pharmaceutical company’s stock worth $8,117,000 after buying an additional 196,445 shares in the last quarter. Finally, Pura Vida Investments LLC lifted its holdings in shares of Agile Therapeutics by 65.9% in the third quarter. Pura Vida Investments LLC now owns 289,501 shares of the specialty pharmaceutical company’s stock worth $1,291,000 after buying an additional 115,000 shares in the last quarter. Institutional investors own 72.92% of the company’s stock.

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Agile Therapeutics Company Profile

Agile Therapeutics, Inc is a women’s health specialty pharmaceutical company. The Company is focused in the development and commercialization of prescription contraceptive products. The Company has developed a transdermal patch technology, called Skinfusion. The Company’s lead product candidate is Twirla, also known as AG200-15, is a combined hormonal contraceptive (CHC) patch.

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