AgriFORCE Growing Systems ltd (NASDAQ: AGRI) has experienced a decline in its stock price by -9.61 compared to its previous closing price of 0.08. However, the company has seen a gain of 19.48% in its stock price over the last five trading days. globenewswire.com reported 2024-06-20 that VANCOUVER, British Columbia, June 20, 2024 (GLOBE NEWSWIRE) — AgriFORCE Growing Systems Ltd. (the “Company”) (NASDAQ: AGRI; AGRIW), an intellectual property (IP) focused AgTech company, issues a letter to shareholders from Chairman, David Welch, and CEO, Jolie Kahn.
Is It Worth Investing in AgriFORCE Growing Systems ltd (NASDAQ: AGRI) Right Now?
AGRI has 36-month beta value of -0.02. Analysts have mixed views on the stock, with 0 analysts rating it as a “buy,” 0 as “overweight,” 0 as “hold,” and 0 as “sell.”
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The public float for AGRI is 64.37M, and currently, short sellers hold a 0.98% ratio of that float. The average trading volume of AGRI on August 13, 2024 was 28.27M shares.
AGRI’s Market Performance
The stock of AgriFORCE Growing Systems ltd (AGRI) has seen a 19.48% increase in the past week, with a -31.30% drop in the past month, and a -30.25% fall in the past quarter. The volatility ratio for the week is 19.29%, and the volatility levels for the past 30 days are at 11.33% for AGRI. The simple moving average for the past 20 days is -4.92% for AGRI’s stock, with a -81.30% simple moving average for the past 200 days.
AGRI Trading at -16.47% from the 50-Day Moving Average
After a stumble in the market that brought AGRI to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -99.24% of loss for the given period.
Volatility was left at 11.33%, however, over the last 30 days, the volatility rate increased by 19.29%, as shares sank -20.76% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -41.68% lower at present.
During the last 5 trading sessions, AGRI rose by +19.48%, which changed the moving average for the period of 200-days by -96.49% in comparison to the 20-day moving average, which settled at $0.0714. In addition, AgriFORCE Growing Systems ltd saw -85.38% in overturn over a single year, with a tendency to cut further losses.
Stock Fundamentals for AGRI
Current profitability levels for the company are sitting at:
- -473.85 for the present operating margin
- -376.67 for the gross margin
The net margin for AgriFORCE Growing Systems ltd stands at -819.41. The total capital return value is set at -0.65. Equity return is now at value -155.59, with -74.39 for asset returns.
Based on AgriFORCE Growing Systems ltd (AGRI), the company’s capital structure generated 0.19 points at debt to capital in total, while cash flow to debt ratio is standing at -2.43. The debt to equity ratio resting at 0.24. The interest coverage ratio of the stock is -1.03.
Currently, EBITDA for the company is -8.52 million with net debt to EBITDA at 0.11. When we switch over and look at the enterprise to sales, we see a ratio of 226.22. The receivables turnover for the company is 0.35for trailing twelve months and the total asset turnover is 0.0. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.82.
Conclusion
To put it simply, AgriFORCE Growing Systems ltd (AGRI) has had a bad performance in recent times. Analysts have a mixed opinion on the stock, with some rating 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.
