AgriFORCE Growing Systems ltd (NASDAQ:AGRI) finished Wednesday with an addition of $0.01 to close at $0.12, an upside of 10.08 percent. An average of 19,646,359 shares of common stock have been traded in the last five days. There was a fall of -$0.0130 in the past week, and it reached a new high 5 times over the past 12 months. The last 20 days have seen an average of 20,726,520 shares traded, while the 50-day average volume stands at 12,540,292.
AGRI stock has increased by 10.40% in the last month. The company shares reached their 1-month lowest point of $0.0803 on 09/11/23. With the stock rallying to its 52-week high on 01/17/23, shares of the company touched a low of $0.08 and a high of $1.68 in 52 weeks. It has reached a new high 8 times so far this year and lost -89.66% or -$1.0132 in price. In spite of this, the price is down -93.05% from the 52-week high.
Insider Transactions
AGRI stock investors should be aware that AgriFORCE Growing Systems ltd (AGRI) stock had its last reported insider trading activity 58 days ago on Aug 01. In this transaction, the insider spent $13,000. CEO and Chairman, Mueller Ingo Wilhelm, disposed of 200,000 shares at a price of $0.14 on Jul 20. The insider now owns more than $28,111 worth of shares. Prior to that, CEO and Chairman Mueller Ingo Wilhelm went on to Sale 200,000 shares at $0.14 each on Jul 19. An amount of $28,984 was transacted.
Valuation Metrics
AgriFORCE Growing Systems ltd (AGRI) stock’s beta is 0.93. Other valuation ratios to consider include the price-to-book (PB) ratio at 0.36.
Financial Health
The quick ratio of AgriFORCE Growing Systems ltd for the three months ended September 29 was 0.20, and the current ratio was 0.20, indicating that the company is not able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 0.17 and a total debt to equity ratio of 0.92 for the quarter ending September 29. Its gross profit as reported stood at $3.4 million compared to revenue of $13.66 million.
Earnings Surprise
For the three-month period that ended September 29, AgriFORCE Growing Systems ltd had $50000.0 in total debt. In the quarter under review, the net income was up than the previous quarter. The company posted a net income of -$2.53 million in the quarter, while revenues of -$1.72 million were shrunk -35.97%. The analyst consensus anticipated AgriFORCE Growing Systems ltd’s latest quarter earnings to come in at -$0.13 per share, but it turned out to be -$0.17, a -30.80% surprise. For the quarter, EBITDA amounted to -$2.74 million. Shareholders own equity worth $38.14 million.
Technical Picture
From a technical analysis perspective, let’s take a brief look at AgriFORCE Growing Systems ltd (AGRI) price momentum. RSI 9-day as of the close on 27 September was 50.76%, suggesting the stock is Neutral, with historical volatility in this time frame at 307.13%.
As of today, AGRI’s price is $0.1254 -10.02% or -$0.0130 from its 5-day moving average. AGRI is currently trading +11.24% higher than its 20-day SMA and -78.95% lower than its 100-day SMA. However, the stock’s current price level is -25.37% below the SMA50 and -89.08% below the SMA200.
The stochastic %K and %D were 33.17% and 41.61%, respectively, and the average true range (ATR) was 0.0279. With the 14-day stochastic at 36.00% and the average true range at 0.0256, the RSI (14) stands at 49.98%. The stock has reached -0.0099 on the 9-day MACD Oscillator while the 14-day reading was at 0.0013.
What is AGRI’s price target for the next 12 months?
Analysts predict a range of price targets between $2.00 and $2.00, with a median target of $2.00. Taking a look at these predictions, the average price target given by analysts for AgriFORCE Growing Systems ltd (AGRI) stock is $2.00.
