In the past week, AGFY stock has gone up by 18.85%, with a monthly gain of 50.00% and a quarterly surge of 15.63%. The volatility ratio for the week is 16.88%, and the volatility levels for the last 30 days are 14.52% for Agrify Corp The simple moving average for the past 20 days is 35.35% for AGFY’s stock, with a -54.39% simple moving average for the past 200 days.
Is It Worth Investing in Agrify Corp (NASDAQ: AGFY) Right Now?
The 36-month beta value for AGFY is at 2.05. Analysts have varying views on the stock, with 0 analysts rating it as a “buy,” 0 rating it as “overweight,” 0 as “hold,” and 0 as “sell.”
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The public float for AGFY is 9.60M, and currently, shorts hold a 3.76% of that float. The average trading volume for AGFY on July 04, 2024 was 6.00M shares.
AGFY) stock’s latest price update
Agrify Corp (NASDAQ: AGFY)’s stock price has dropped by -6.63 in relation to previous closing price of 0.48. Nevertheless, the company has seen a gain of 18.85% in its stock price over the last five trading days. marijuanastocks.com reported 2024-06-29 that Investing in the cannabis industry and top marijuana stocks has become increasingly popular, especially with the U.S. market’s rapid expansion. Ancillary stocks, which support the cannabis sector without directly handling the plant, are gaining traction. As of 2023, the U.S. cannabis market was valued at $30 billion, with projections estimating it will reach $45 billion by 2026. Recent headlines have highlighted significant moves toward federal legalization, creating more optimism. For instance, the Cannabis Administration and Opportunity Act has been reintroduced in Congress, aiming to decriminalize cannabis at the federal level. These developments underscore the importance of closely monitoring ancillary stocks.
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 43.42% 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 -87.98% of loss for the given period.
Volatility was left at 14.52%, however, over the last 30 days, the volatility rate increased by 16.88%, as shares surge +54.49% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +61.93% upper at present.
During the last 5 trading sessions, AGFY rose by +15.94%, which changed the moving average for the period of 200-days by -84.98% in comparison to the 20-day moving average, which settled at $0.3388. In addition, Agrify Corp saw -64.31% 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:
- -1.05 for the present operating margin
- 0.33 for the gross margin
The net margin for Agrify Corp stands at -0.61. The total capital return value is set at 3.15. Equity return is now at value -868.45, with -18.27 for asset returns.
Based on Agrify Corp (AGFY), the company’s capital structure generated 1.67 points at debt to capital in total, while cash flow to debt ratio is standing at -0.98. The debt to equity ratio resting at -2.5. The interest coverage ratio of the stock is 15.79.
Currently, EBITDA for the company is -19.82 million with net debt to EBITDA at -1.81. When we switch over and look at the enterprise to sales, we see a ratio of 2.36. The receivables turnover for the company is 9.49for trailing twelve months and the total asset turnover is 0.33. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.46.
Conclusion
In conclusion, Agrify Corp (AGFY) has had a mixed performance lately. Opinion on the stock among analysts is mixed, with some giving it a “buy” rating and others 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.
