The stock of Agrify Corp (AGFY) has gone down by -0.61% for the week, with a -24.62% drop in the past month and a -54.63% drop in the past quarter. The volatility ratio for the week is 7.77%, and the volatility levels for the past 30 days are 11.09% for AGFY. The simple moving average for the past 20 days is -11.71% for AGFY’s stock, with a -81.27% simple moving average for the past 200 days.
Is It Worth Investing in Agrify Corp (NASDAQ: AGFY) Right Now?
The stock has a 36-month beta value of 1.92. Opinions on the stock are mixed, with 0 analysts rating it as a “buy,” 0 as “overweight,” 0 as “hold,” and 0 as “sell.”
The public float for AGFY is 4.70M, and at present, short sellers hold a 1.64% of that float. On April 26, 2024, the average trading volume of AGFY was 2.79M shares.
AGFY) stock’s latest price update
Agrify Corp (NASDAQ: AGFY) has experienced a rise in its stock price by 6.37 compared to its previous closing price of 0.28. However, the company has seen a fall of -0.61% in its stock price over the last five trading days. MarijuanaStocks reported 2024-04-18 that This week, several marijuana stocks are drawing attention due to their volatility and potential for growth. The cannabis industry in the U.S. has seen remarkable progress, particularly with more states legalizing its use. According to recent statistics, the U.S. cannabis market is expected to grow substantially. By 2025, sales are projected to surpass $30 billion, indicating a robust expansion from current levels. Furthermore, recent headlines have highlighted advancements in legalization efforts, such as New York State finalizing regulations for recreational cannabis sales. These developments are crucial as they pave the way for increased business opportunities and market expansions.
Analysts’ Opinion of AGFY
Alliance Global Partners, on the other hand, stated in their research note that they expect to see AGFY reach a price target of $32. The rating they have provided for AGFY stocks is “Buy” according to the report published on November 01st, 2021.
Craig Hallum gave a rating of “Buy” to AGFY, setting the target price at $25 in the report published on July 23rd of the previous year.
AGFY Trading at -30.46% from the 50-Day Moving Average
After a stumble in the market that brought AGFY to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -96.41% of loss for the given period.
Volatility was left at 11.09%, however, over the last 30 days, the volatility rate increased by 7.77%, as shares sank -23.66% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -51.04% lower at present.
During the last 5 trading sessions, AGFY fell by -0.61%, which changed the moving average for the period of 200-days by -91.69% in comparison to the 20-day moving average, which settled at $0.3284. In addition, Agrify Corp saw -76.59% in overturn over a single year, with a tendency to cut further losses.
Insider Trading
Reports are indicating that there were more than several insider trading activities at AGFY starting from Chang Raymond Nobu, who purchase 1,842,104 shares at the price of $0.38 back on Feb 28 ’24. After this action, Chang Raymond Nobu now owns 3,295,998 shares of Agrify Corp, valued at $700,000 using the latest closing price.
Stock Fundamentals for AGFY
Current profitability levels for the company are sitting at:
- -1.13 for the present operating margin
- 0.31 for the gross margin
The net margin for Agrify Corp stands at -1.11. The total capital return value is set at -4.72. Equity return is now at value -868.45, with -32.45 for asset returns.
Based on Agrify Corp (AGFY), the company’s capital structure generated 2.8 points at debt to capital in total, while cash flow to debt ratio is standing at -1.33. The debt to equity ratio resting at -1.56. The interest coverage ratio of the stock is 527.17.
Currently, EBITDA for the company is -19.82 million with net debt to EBITDA at -1.23. When we switch over and look at the enterprise to sales, we see a ratio of 1.59. The receivables turnover for the company is 9.33for trailing twelve months and the total asset turnover is 0.37. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.58.
Conclusion
To sum up, Agrify Corp (AGFY) has seen a bad performance recently. Analysts have differing views on the stock, with some seeing it as a “buy” and others as a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
