As of Wednesday close, AgriFORCE Growing Systems Ltd.’s (NASDAQ:AGRI) stock traded at $0.10. The average number of shares traded per day over the past five days has been 1,137,220 shares. 1 time new highs have been achieved over the past 5 days, with a -$0.0055 fall in that time frame. In the last twenty days, the average volume was 7,409,400, while in the previous 50 days, it was 4,714,106.
Since last month, AGRI stock retreated -19.62%. Shares of the company fell to $0.1010 on 08/23/23, the lowest level in the past month. A 52-week high of $2.09 was reached on 01/17/23 after having rallying from a 52-week low of $0.10. Since the beginning of this year, AGRI’s stock price has dropped by -90.75% or -$1.0255, and marked a new high 8 times. However, the stock has declined by -95.00% since its 52-week high.
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AGRI stock investors should be aware that AgriFORCE Growing Systems Ltd. (AGRI) stock had its last reported insider trading activity 30 days ago on Aug 01. Mueller Ingo Wilhelm, the Director of the company, disposed of 100,000 shares for $0.13 on Aug 01. It resulted in a $13,000 divestment by the insider. Mueller Ingo Wilhelm sold 200,000 shares at an average price of $0.14 on Jul 20. The insider now owns 373,577 shares following the transaction. On Jul 19, CEO and Chairman Mueller Ingo Wilhelm sold 200,000 shares at $0.14 apiece. The transaction was valued at $28,984.
Financial Health
In the three months ended September 29, AgriFORCE Growing Systems Ltd.’s quick ratio stood at 0.20, while its current ratio was 0.20, showing that the company is not able to pay off its debt. Based on annual data, AGRI earned $3.4 million in gross profit and brought in $13.66 million in revenue.
In AgriFORCE Growing Systems Ltd.’s quarter-end financial report for September 29, it reported total debt of $50000.0. According to the earnings report, the company had a higher net income in the recent quarter than it did in the previous quarter. While analysts expected AgriFORCE Growing Systems Ltd. to report -$0.13 quarterly earnings, the actual figure was -$0.17 per share, beating the consensus estimate by -30.80%. During the quarter, the company generated -$2.74 million in EBITDA. The liabilities of AgriFORCE Growing Systems Ltd. were 10.92 million at the end of its most recent quarter ended September 29, and its total debt was $6.69 million. The value of shareholders’ equity is $38.14 million.
Technical Picture
This quick technical analysis looks at AgriFORCE Growing Systems Ltd.’s (AGRI) price momentum. With a historical volatility rate of 39.47%, the RSI 9-day stood at 32.37% on 30 August.
With respect to its five-day moving average, the current AgriFORCE Growing Systems Ltd. price is down by -5.00% percent or -$0.0055. At present, AGRI shares trade -8.41% below its 20-day simple moving average and -84.17% percent below its 100-day simple moving average. However, the stock is currently trading approximately -58.20% below its SMA50 and -89.45% below its SMA200.
Stochastic coefficient K was 8.80% and Stochastic coefficient D was 11.23%, while ATR was 0.0134. Given the Stochastic reading of 7.51% for the 14-day period, the RSI (14) reading has been calculated as 34.30%.
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 1 recommending it as overweight.
With a median target price of $2.00, the current consensus forecast for the stock is $2.00 – $2.00. Based on these forecasts, analysts predict AgriFORCE Growing Systems Ltd. (AGRI) will achieve an average price target of $2.00.
