AgriFORCE Growing Systems ltd (NASDAQ:AGRI) saw a downside of -5.02% to $0.12 after subtracting -$0.01 on Monday. The 5-day average trading volume is 29,698,281 shares of the company’s common stock. It has gained $0.1817 in the past week and touched a new high 3 times within the past 5 days. An average of 19,710,895 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 12,274,280.
AGRI’s 1-month performance is 8.70% or $0.0095 on its low of $0.0803 reached on 09/11/23. The company’s shares have touched a 52-week low of $0.08 and high of $1.68, with the stock’s rally to the 52-week high happening on 01/17/23. YTD, AGRI has lost -88.94% or -$1.0115 and has reached a new high 8 times. However, the current price is down -92.56% from the 52-week high price.
Insider Transactions
AGRI stock investors last saw insider trading activity on Aug 01.Mueller Ingo Wilhelm (Director) most recently sold 100,000 shares at $0.13 per share on Aug 01. This transaction cost the insider $13,000. CEO and Chairman, Mueller Ingo Wilhelm, sold 200,000 shares at a price of $0.14 on Jul 20. Then, on Jul 19, CEO and Chairman Mueller Ingo Wilhelm sold 200,000 shares at a price of $0.14 per share. This transaction amounted to $28,984.
Valuation Metrics
AGRI stock has a beta of 0.82. Moving on to other valuation ratios, the price-to-book (PB) in the most recent quarter is 0.39.
AgriFORCE Growing Systems ltd’s quick ratio for the period ended September 29 was 0.20, with the current ratio over the same period at 0.20. As well, the company’s long term debt to equity for the quarter ending September 29 was 0.17, while the total debt to equity was 0.92. The firm’s gross profit as reported stood at $3.4 million against revenue of $13.66 million.
Earnings Surprise
For the quarterly period ending September 29 this year, Net income and sales went up compared to those figures reported in the previous quarter. Net income shrunk -35.97% to -$2.53 million, while revenue of -$1.72 million was 32.02% 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 -$2.74 million. AGRI stock balance sheet for the quarter ending September 29 shows that total liabilities totaled 10.92 million, with total debt at $6.69 million. Shareholders hold equity totaling $38.14 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 22 September was 51.10% to suggest the stock is trending Neutral, with historical volatility in this time period at 298.30%.
The stock’s 5-day moving average is $0.1280, reflecting a +11.27% or $0.0120 change from its current price. AGRI is currently trading +8.72% above its 20-day SMA, -80.49% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by -32.63% and SMA200 by-90.44%.
Stochastic %K and %D was 53.48% and 53.46% and the average true range (ATR) pointed at 0.0287. The RSI (14) points at 50.26%, while the 14-day stochastic is at 37.67% with the period’s ATR at 0.0257. The stock’s 9-day MACD Oscillator is pointing at 0.0138 and 0.0253 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 $2.00 and a high of $2.00, with their median price target at $2.00. Looking at these predictions, the average price target given by analysts is for AgriFORCE Growing Systems ltd (AGRI) stock is $2.00.
