African Agriculture Holdings Inc (NASDAQ: AAGR) has experienced a rise in its stock price by 14.76 compared to its previous closing price of 0.35. However, the company has seen a gain of 18.53% in its stock price over the last five trading days.
Is It Worth Investing in African Agriculture Holdings Inc (NASDAQ: AAGR) Right Now?
Company’s 36-month beta value is -0.78.
The public float for AAGR is 15.53M, and currently, short sellers hold a 3.57% ratio of that floaft. The average trading volume of AAGR on May 07, 2024 was 291.29K shares.
AAGR’s Market Performance
AAGR’s stock has seen a 18.53% increase for the week, with a 31.79% rise in the past month and a -59.85% fall in the past quarter. The volatility ratio for the week is 13.84%, and the volatility levels for the past 30 days are at 19.56% for African Agriculture Holdings Inc The simple moving average for the past 20 days is 6.05% for AAGR’s stock, with a -90.05% simple moving average for the past 200 days.
AAGR Trading at -10.16% from the 50-Day Moving Average
After a stumble in the market that brought AAGR to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -96.48% of loss for the given period.
Volatility was left at 19.56%, however, over the last 30 days, the volatility rate increased by 13.84%, as shares surge +14.59% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -47.51% lower at present.
During the last 5 trading sessions, AAGR rose by +18.53%, which changed the moving average for the period of 200-days by -94.52% in comparison to the 20-day moving average, which settled at $0.3802. In addition, African Agriculture Holdings Inc saw -67.96% in overturn over a single year, with a tendency to cut further losses.
Stock Fundamentals for AAGR
Current profitability levels for the company are sitting at:
- -24.04 for the present operating margin
- -7.23 for the gross margin
The net margin for African Agriculture Holdings Inc stands at -25.66. The total capital return value is set at 2.39. Equity return is now at value -700.26, with -76.45 for asset returns.
Based on African Agriculture Holdings Inc (AAGR), the company’s capital structure generated -0.29 points at debt to capital in total, while cash flow to debt ratio is standing at -0.76. The debt to equity ratio resting at -0.23. The interest coverage ratio of the stock is -22.31.
Currently, EBITDA for the company is -40.98 million with net debt to EBITDA at -0.28. When we switch over and look at the enterprise to sales, we see a ratio of 24.07. The receivables turnover for the company is 123.6for trailing twelve months and the total asset turnover is 0.07. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.16.
Conclusion
In a nutshell, African Agriculture Holdings Inc (AAGR) has experienced a mixed performance in recent times. The stock has received mixed “buy” and “hold” ratings from analysts. 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.
