A Closer Look At AgriFORCE Growing Systems Ltd. (AGRI)’s Financials


As of Wednesday close, AgriFORCE Growing Systems Ltd.’s (NASDAQ:AGRI) stock was down -$0.08, moving down -6.72 percent to $1.11. The average number of shares traded per day over the past five days has been 154,720 shares. 4 times new highs have been achieved over the past 5 days, with a $0.0500 gain in that time frame. In the last twenty days, the average volume was 215,420, while in the previous 50 days, it was 594,148.

Since last month, AGRI stock retreated -4.31%. Shares of the company fell to $0.9300 on 11/11/22, the lowest level in the past month. A 52-week high of $6.10 was reached on 03/25/22 after having rallying from a 52-week low of $0.93. Since the beginning of this year, AGRI’s stock price has dropped by -46.63% or -$0.9700, and marked a new high 4 times. However, the stock has declined by -81.80% since its 52-week high.

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Financial Health

In the three months ended June 29, AgriFORCE Growing Systems Ltd.’s quick ratio stood at 1.40, while its current ratio was 1.40, showing that the company is able to pay off its debt. Based on annual data, AGRI earned -$6.93 million in gross profit.

In AgriFORCE Growing Systems Ltd.’s quarter-end financial report for June 29, it reported total debt of $50000.0. According to the earnings report, the company had a lower net income in the recent quarter than it did in the previous quarter. While analysts expected AgriFORCE Growing Systems Ltd. to report -$0.17 quarterly earnings, the actual figure was -$0.21 per share, beating the consensus estimate by -23.50%. During the quarter, the company generated -$3.4 million in EBITDA. The liabilities of AgriFORCE Growing Systems Ltd. were 13.98 million at the end of its most recent quarter ended June 29, and its total debt was $5.4 million. The value of shareholders’ equity is $15.71 million.

Technical Picture

This quick technical analysis looks at AgriFORCE Growing Systems Ltd.’s (AGRI) price momentum. With a historical volatility rate of 80.99%, the RSI 9-day stood at 46.41% on 23 November.

With respect to its five-day moving average, the current AgriFORCE Growing Systems Ltd. price is up by +4.72% percent or $0.0500. At present, AGRI shares trade -5.13% below its 20-day simple moving average and -50.00% percent below its 100-day simple moving average. However, the stock is currently trading approximately -31.90% below its SMA50 and -22.92% below its SMA200.

Stochastic coefficient K was 76.47% and Stochastic coefficient D was 74.13%, while ATR was 0.1044. Given the Stochastic reading of 52.94% for the 14-day period, the RSI (14) reading has been calculated as 44.01%. As of today, the MACD Oscillator reading stands at 0.0871, while the 14-day reading stands at 0.0822.

Analyst Ratings

AgriFORCE Growing Systems Ltd. (AGRI) has been rated Buy by analysts. According to 0 brokerage firms, AGRI is a sell, and 0 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 0 analysts rate AgriFORCE Growing Systems Ltd. stock as buy, with 2 recommending it as overweight.

With a median target price of $5.25, the current consensus forecast for the stock is $5.00 – $5.50. Based on these forecasts, analysts predict AgriFORCE Growing Systems Ltd. (AGRI) will achieve an average price target of $5.25.


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