AgriFORCE Growing Systems ltd (AGRI) Shares Decline Despite Market Challenges

The stock price of AgriFORCE Growing Systems ltd (NASDAQ: AGRI) has plunged by -0.51 when compared to previous closing price of 0.04, but the company has seen a -8.00% decline in its stock price over the last five trading sessions. globenewswire.com reported 2024-11-20 that Strategy to reduce environmental impact while producing multiple revenue streams Strategy to reduce environmental impact while producing multiple revenue streams

Is It Worth Investing in AgriFORCE Growing Systems ltd (NASDAQ: AGRI) Right Now?

AGRI has 36-month beta value of 0.01. Analysts have mixed views on the stock, with 1 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 153.93M, and currently, short sellers hold a 0.32% ratio of that float. The average trading volume of AGRI on November 26, 2024 was 32.17M shares.

AGRI’s Market Performance

AGRI’s stock has seen a -8.00% decrease for the week, with a -33.39% drop in the past month and a -37.04% fall in the past quarter. The volatility ratio for the week is 8.79%, and the volatility levels for the past 30 days are at 11.84% for AgriFORCE Growing Systems ltd The simple moving average for the last 20 days is -17.00% for AGRI stock, with a simple moving average of -61.68% for the last 200 days.

AGRI Trading at -24.51% 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 -98.54% of loss for the given period.

Volatility was left at 11.84%, however, over the last 30 days, the volatility rate increased by 8.79%, as shares sank -35.37% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -30.55% lower at present.

During the last 5 trading sessions, AGRI fell by -8.00%, which changed the moving average for the period of 200-days by -83.64% in comparison to the 20-day moving average, which settled at $0.0471. In addition, AgriFORCE Growing Systems ltd saw -91.68% 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:

  • -269.97 for the present operating margin
  • -124.76 for the gross margin

The net margin for AgriFORCE Growing Systems ltd stands at -302.11. The total capital return value is set at -2.04. Equity return is now at value -248.22, with -123.72 for asset returns.

Based on AgriFORCE Growing Systems ltd (AGRI), the company’s capital structure generated 0.15 points at debt to capital in total, while cash flow to debt ratio is standing at -3.88. The debt to equity ratio resting at 0.17. The interest coverage ratio of the stock is -3.39.

Currently, EBITDA for the company is -3.09 million with net debt to EBITDA at 0.02. When we switch over and look at the enterprise to sales, we see a ratio of 100.9. The receivables turnover for the company is 2.42for trailing twelve months and the total asset turnover is 0.01. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.62.

Conclusion

To put it simply, AgriFORCE Growing Systems ltd (AGRI) has had a bad performance in recent times. Analysts have a bullish 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.

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