Agrify Corp (NASDAQ: AGFY)’s stock price has gone decline by -8.93 in comparison to its previous close of 56.75, however, the company has experienced a 8.53% increase in its stock price over the last five trading days. globenewswire.com reported 2024-11-21 that TROY, Mich., Nov. 21, 2024 (GLOBE NEWSWIRE) — Agrify Corporation (Nasdaq: AGFY) (“Agrify” or the “Company”), a leading provider of branded innovative solutions for the cannabis and hemp industries, today announced the Company has entered into securities purchase agreements with institutional and accredited investors in a non-brokered private placement priced at $22.30 per share for aggregate proceeds of approximately $25.9 million.
Is It Worth Investing in Agrify Corp (NASDAQ: AGFY) Right Now?
Additionally, the 36-month beta value for AGFY is 10.32. There are mixed opinions on the stock, with 1 analysts rating it as a “buy,” 0 rating it as “overweight,” 0 rating it as “hold,” and 0 rating it as “sell.”
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The public float for AGFY is 0.31M and currently, short sellers hold a 40.75% ratio of that float. The average trading volume of AGFY on December 03, 2024 was 529.77K shares.
AGFY’s Market Performance
AGFY’s stock has seen a 8.53% increase for the week, with a 1622.67% rise in the past month and a 1357.42% gain in the past quarter. The volatility ratio for the week is 45.64%, and the volatility levels for the past 30 days are at 39.59% for Agrify Corp The simple moving average for the past 20 days is 103.23% for AGFY’s stock, with a 663.59% simple moving average for the past 200 days.
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 324.93% 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 -38.80% of loss for the given period.
Volatility was left at 39.59%, however, over the last 30 days, the volatility rate increased by 45.64%, as shares surge +1,561.74% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +1,261.79% upper at present.
During the last 5 trading sessions, AGFY rose by +8.53%, which changed the moving average for the period of 200-days by +484.15% in comparison to the 20-day moving average, which settled at $25.43. In addition, Agrify Corp saw 174.35% in overturn over a single year, with a tendency to cut further gains.
Insider Trading
Reports are indicating that there were more than several insider trading activities at AGFY starting from Kovler Benjamin, who purchase 5,000 shares at the price of $45.89 back on Nov 22 ’24. After this action, Kovler Benjamin now owns 15,000 shares of Agrify Corp, valued at $229,472 using the latest closing price.
Kovler Benjamin, the Interim CEO of Agrify Corp, purchase 840 shares at $44.81 during a trade that took place back on Nov 22 ’24, which means that Kovler Benjamin is holding 420 shares at $37,644 based on the most recent closing price.
Stock Fundamentals for AGFY
Current profitability levels for the company are sitting at:
- -0.94 for the present operating margin
- 0.41 for the gross margin
The net margin for Agrify Corp stands at -2.03. The total capital return value is set at -0.87. Equity return is now at value -868.45, with -41.00 for asset returns.
Based on Agrify Corp (AGFY), the company’s capital structure generated 0.58 points at debt to capital in total, while cash flow to debt ratio is standing at -1.56. The debt to equity ratio resting at 1.38. The interest coverage ratio of the stock is -19.46.
Currently, EBITDA for the company is -18.26 million with net debt to EBITDA at -0.5. When we switch over and look at the enterprise to sales, we see a ratio of 8.45. The receivables turnover for the company is 4.68for trailing twelve months and the total asset turnover is 0.27. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.75.
Conclusion
In conclusion, Agrify Corp (AGFY) has seen better performance in recent times. Analysts have a bullish opinion on the stock, with some rating it as a “buy” and others rating it as a “hold”. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
