The trading price of AgriFORCE Growing Systems ltd (NASDAQ:AGRI) closed lower on Tuesday, October 29, and closing at $0.06, -3.64% lower than its previous close.
Traders who pay close attention to intraday price movement should know that it fluctuated between $0.0577 and $0.0624. In examining the 52-week price action we see that the stock hit a 52-week high of $2.67 and a 52-week low of $0.05. Over the past month, the stock has gained 15.22% in value.
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AgriFORCE Growing Systems ltd, whose market valuation is $6.84 million at the time of this writing, is expected to release its quarterly earnings report in November. Investors’ optimism about the company’s current quarter earnings report is understandable. Analysts have predicted the quarterly earnings per share to grow by 0 per share this quarter, however they have predicted annual earnings per share of 0 for current year and 0 for next year.
From the analysts’ viewpoint, the consensus estimate for the company’s annual revenue is 44.8M.
On the technical side, indicators suggest AGRI has a 50% Sell on average for the short term. According to the data of the stock’s medium term indicators, the stock is currently averaging as a 50% Sell, while an average of long term indicators suggests that the stock is currently 100% Sell.
Here is the average analyst rating on the stock as represented by 1.00 to 5.00, with the extremes of 1.00 and 5.00 suggesting the stock should be considered as either strong buy or strong sell respectively. The number of analysts that have assigned AGRI a recommendation rating is 1. Out of them, 0 rate it a Hold, while 1 recommend Buy, whereas 0 assign an Overweight rating. 0 analyst(s) have tagged AgriFORCE Growing Systems ltd (AGRI) as Underweight, while 0 advise Sell. Analysts have rated the stock Buy, likely urging investors to take advantage of the opportunity to add to their holdings of the company’s shares.
A quick review shows that AGRI’s price is currently 3.13% off the SMA20 and 1.43% off the SMA50. The RSI metric on the 14-day chart is currently showing 51.74, and weekly volatility stands at 11.27%. When measured over the past 30 days, the indicator reaches 18.40%. AgriFORCE Growing Systems ltd (NASDAQ:AGRI)’s beta value is currently sitting at 0.09, while the Average True Range indicator is currently displaying 0.01.
To see how AgriFORCE Growing Systems ltd stock has been performing in comparison to its peers in the industry, here are the numbers: AGRI stock’s performance was -3.64% in the latest trading, and -97.04% in the past year.
An evaluation of the daily trading volume of AgriFORCE Growing Systems ltd (NASDAQ:AGRI) indicates that the 3-month average is 23.92 million. However, this figure has increased over the past 10 days to an average of 27.32.
Currently, records show that 117.34 million of the company’s shares remain outstanding. The insiders hold 0.88% of outstanding shares, whereas institutions hold 0.70%. The stats also highlight that short interest as of 2024-10-15, stood at 0.17 million shares, resulting in a short ratio of 0.01 at that time. From this, we can conclude that short interest is 15.00 of the company’s total outstanding shares. It is noteworthy that short shares in October were down slightly from the previous month’s figure, which was 0.44 million. However, since the stock’s price has seen -87.59% year-to-date, investors’ interest is likely to be reignited due to its potential to move even lower.
