AgriFORCE Growing Systems Ltd. (AGRI): What Technical Indicators Show


AgriFORCE Growing Systems Ltd. (NASDAQ:AGRI) saw a downside of -7.25% to $1.34 after subtracting -$0.1 on Tuesday. The 5-day average trading volume is 968,322 shares of the company’s common stock. It has gained $1.6000 in the past week and touched a new high 1 time within the past 5 days. An average of 461,785 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 261,580.

AGRI’s 1-month performance is 34.58% or $0.2722 on its low of $1.0000 reached on 12/27/22. The company’s shares have touched a 52-week low of $0.93 and high of $6.10, with the stock’s rally to the 52-week high happening on 01/17/23. YTD, AGRI has achieved 27.43% or $0.1722 and has reached a new high 8 times. However, the current price is down -78.10% from the 52-week high price.

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Valuation Metrics

Moving on to other valuation ratios, the price-to-book (PB) in the most recent quarter is 2.94.

AgriFORCE Growing Systems Ltd.’s quick ratio for the period ended September 29 was 1.40, with the current ratio over the same period at 1.40.

Earnings Surprise

For the quarterly period ending September 29 this year, Net income and sales went down compared to those figures reported in the previous quarter. Net income grew 48.82% to -$3.4 million, while revenue of -$3.44 million was -1.18% off the previous quarter. Analysts expected AGRI to announce -$0.13 per share in earnings in its latest quarter, but it posted -$0.17, representing a -30.80% surprise. EBITDA for the quarter stood at more than -$3.4 million. AGRI stock balance sheet for the quarter ending September 29 shows that total liabilities totaled 13.98 million, with total debt at $5.65 million. Shareholders hold equity totaling $15.71 million.

Let’s look briefly at AgriFORCE Growing Systems Ltd. (AGRI) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 23 January was 52.72% to suggest the stock is trending Neutral, with historical volatility in this time period at 231.97%.

The stock’s 5-day moving average is $1.2957, reflecting a -18.61% or -$0.2978 change from its current price. AGRI is currently trading +19.94% above its 20-day SMA, -25.16% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by +16.27% and SMA200 by-62.69%.

Stochastic %K and %D was 45.30% and 40.03% and the average true range (ATR) pointed at 0.1788. The RSI (14) points at 53.16%, while the 14-day stochastic is at 38.07% with the period’s ATR at 0.1571. The stock’s 9-day MACD Oscillator is pointing at 0.0302 and 0.0813 on the 14-day charts.

Analyst Ratings

Analysts offering their rating for AGRI stock have a consensus rating for the stock as Buy. Currently, 0 brokerage advisors rate AGRI as a “sell,”, while 0 advise that investors “Hold.” 0 analysts have rated the stock as underweight. 0 rates the stock as overweight while 1 have offered a “buy” rating.

What is AGRI’s price target for the next 12 months?

Analysts have a consensus price target ranging from a low of $5.00 and a high of $5.00, with their median price target at $5.00. Looking at these predictions, the average price target given by analysts is for AgriFORCE Growing Systems Ltd. (AGRI) stock is $5.00.


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