The stock of AgriFORCE Growing Systems ltd (NASDAQ: AGRI) has decreased by -3.78 when compared to last closing price of 0.06.Despite this, the company has seen a loss of -23.03% 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?
The stock has a 36-month beta value of 0.08. Opinions on the stock are mixed, 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 92.15M, and at present, short sellers hold a 0.68% of that float. On August 19, 2024, the average trading volume of AGRI was 28.66M shares.
AGRI’s Market Performance
AGRI stock saw a decrease of -23.03% in the past week, with a monthly decline of -20.08% and a quarterly a decrease of -49.13%. The volatility ratio for the week is 12.63%, and the volatility levels for the last 30 days are 12.44% for AgriFORCE Growing Systems ltd (AGRI). The simple moving average for the past 20 days is -14.84% for AGRI’s stock, with a -82.31% simple moving average for the past 200 days.
AGRI Trading at -25.33% 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 -99.36% of loss for the given period.
Volatility was left at 12.44%, however, over the last 30 days, the volatility rate increased by 12.63%, as shares sank -19.97% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -44.34% lower at present.
During the last 5 trading sessions, AGRI fell by -23.03%, which changed the moving average for the period of 200-days by -96.97% in comparison to the 20-day moving average, which settled at $0.0680. In addition, AgriFORCE Growing Systems ltd saw -87.55% 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:
- -103.64 for the present operating margin
- -64.33 for the gross margin
The net margin for AgriFORCE Growing Systems ltd stands at -261.23. The total capital return value is set at -0.46. Equity return is now at value -161.50, with -88.79 for asset returns.
Based on AgriFORCE Growing Systems ltd (AGRI), the company’s capital structure generated 0.08 points at debt to capital in total, while cash flow to debt ratio is standing at -4.52. The debt to equity ratio resting at 0.09. The interest coverage ratio of the stock is -1.12.
Currently, EBITDA for the company is -8.52 million with net debt to EBITDA at 0.38. When we switch over and look at the enterprise to sales, we see a ratio of 59.63. The receivables turnover for the company is 1.71for 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 1.24.
Conclusion
To sum up, AgriFORCE Growing Systems ltd (AGRI) 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.
