In the past week, AAGR stock has gone up by 4.82%, with a monthly decline of -32.58% and a quarterly plunge of -31.37%. The volatility ratio for the week is 17.74%, and the volatility levels for the last 30 days are 15.43% for African Agriculture Holdings Inc The simple moving average for the past 20 days is -17.36% for AAGR’s stock, with a -90.11% simple moving average for the past 200 days.
Is It Worth Investing in African Agriculture Holdings Inc (NASDAQ: AAGR) Right Now?
The 36-month beta value for AAGR is also noteworthy at -0.80.
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The public float for AAGR is 15.65M, and at present, short sellers hold a 2.66% of that float. The average trading volume of AAGR on July 01, 2024 was 273.69K shares.
AAGR) stock’s latest price update
African Agriculture Holdings Inc (NASDAQ: AAGR) has seen a rise in its stock price by 11.63 in relation to its previous close of 0.24. However, the company has experienced a 4.82% gain in its stock price over the last five trading sessions. investorplace.com reported 2024-06-28 that African Agriculture (NASDAQ: AAGR ) stock is heading higher on Friday alongside heavy pre-market trading of the commercial farming company’s shares. This has more than 28 million shares of AAGR stock changing hands as of this writing.
AAGR Trading at -23.75% 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 -97.63% of loss for the given period.
Volatility was left at 15.43%, however, over the last 30 days, the volatility rate increased by 17.74%, as shares sank -29.49% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -25.89% lower at present.
During the last 5 trading sessions, AAGR rose by +4.82%, which changed the moving average for the period of 200-days by -96.44% in comparison to the 20-day moving average, which settled at $0.3207. In addition, African Agriculture Holdings Inc saw -78.42% 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:
- -27.52 for the present operating margin
- -16.27 for the gross margin
The net margin for African Agriculture Holdings Inc stands at -29.51. The total capital return value is set at 2.28. Equity return is now at value -953.01, with -265.30 for asset returns.
Based on African Agriculture Holdings Inc (AAGR), the company’s capital structure generated -0.26 points at debt to capital in total, while cash flow to debt ratio is standing at -1.03. The debt to equity ratio resting at -0.21. The interest coverage ratio of the stock is -25.98.
Currently, EBITDA for the company is -40.98 million with net debt to EBITDA at -0.34. When we switch over and look at the enterprise to sales, we see a ratio of 21.55. The receivables turnover for the company is 25.74for 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 0.11.
Conclusion
In summary, African Agriculture Holdings Inc (AAGR) has had a bad performance as of late. Analysts have mixed opinions on the stock, with some viewing 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.
