After finishing at $1.02 in the prior trading day, Agrify Corporation (NASDAQ: AGFY) closed at $1.08, up 5.88%. In other words, the price has increased by $+0.0600 from its previous closing price. On the day, 428484 shares were traded. AGFY stock price reached its highest trading level at $1.1400 during the session, while it also had its lowest trading level at $1.0000.
Our goal is to gain a better understanding of AGFY by taking a closer look at its different ratios. For the most recent quarter (mrq), Quick Ratio is recorded 1.70 and its Current Ratio is at 2.60. In the meantime, Its Debt-to-Equity ratio is 0.71 whereas as Long-Term Debt/Eq ratio is at 0.58.
Upgrades & Downgrades
On November 01, 2021, Alliance Global Partners started tracking the stock assigning a Buy rating and target price of $32.
On July 23, 2021, Craig Hallum started tracking the stock assigning a Buy rating and target price of $25.Craig Hallum initiated its Buy rating on July 23, 2021, with a $25 target price.
The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. A recent insider transaction in this stock occurred on May 20 when Chang Raymond Nobu bought 5,000 shares for $2.50 per share. The transaction valued at 12,500 led to the insider holds 15,000 shares of the business.
Chang Raymond Nobu bought 10,000 shares of AGFY for $26,100 on May 16. The CEO and Chairman now owns 10,000 shares after completing the transaction at $2.61 per share. On May 13, another insider, Chang Raymond Nobu, who serves as the CEO and Chairman of the company, bought 34,600 shares for $2.63 each. As a result, the insider paid 90,984 and bolstered with 538,454 shares of the company.
For the stock, the TTM Price-to-Sale (P/S) ratio is 0.04 while its Price-to-Book (P/B) ratio in mrq is 0.04.
Stock Price History:
Over the past 52 weeks, AGFY has reached a high of $177.70, while it has fallen to a 52-week low of $0.78. The 50-Day Moving Average of the stock is 3.5366, while the 200-Day Moving Average is calculated to be 23.5603.
The stock has traded on average 1.73M shares per day over the past 3-months and 976.66k shares per day over the last 10 days, according to various share statistics. A total of 2.66M shares are outstanding, with a floating share count of 2.52M. Insiders hold about 0.10% of the company’s shares, while institutions hold 20.60% stake in the company. Shares short for AGFY as of Oct 13, 2022 were 622.89k with a Short Ratio of 0.30M, compared to 340.42k on Sep 14, 2022. Therefore, it implies a Short% of Shares Outstanding of 23.35% and a Short% of Float of 24.62%.
Its stock is currently analyzed by 2 different market analysts. On average, analysts expect EPS of -$4.65 for the current quarter, with a high estimate of -$4.6 and a low estimate of -$4.7, while EPS last year was -$4.7. The consensus estimate for the next quarter is -$4.65, with high estimates of -$4.5 and low estimates of -$4.8.
Analysts are recommending an EPS of between -$43.9 and -$49.1 for the fiscal current year, implying an average EPS of -$46.93. EPS for the following year is -$11.05, with 2 analysts recommending between -$7.4 and -$14.7.
3 analysts predict $14.27M in revenue for the current quarter. It ranges from a high estimate of $15.44M to a low estimate of $12.76M. As of the current estimate, Agrify Corporation’s year-ago sales were $13.69M, an estimated increase of 4.20% from the year-ago figure. For the next quarter, 3 analysts are estimating revenue of $13.98M, a decrease of -44.70% less than the figure of $4.20% in the same quarter last year. There is a high estimate of $15.67M for the next quarter, whereas the lowest estimate is $12.7M.
A total of 3 analysts have provided revenue estimates for AGFY’s current fiscal year. The highest revenue estimate was $74.37M, while the lowest revenue estimate was $72.6M, resulting in an average revenue estimate of $73.58M. In the same quarter a year ago, actual revenue was $59.86M, up 22.90% from the average estimate. Based on 3 analysts’ estimates, the company’s revenue will be $68.3M in the next fiscal year. The high estimate is $84.85M and the low estimate is $47.75M. The average revenue growth estimate for next year is down -7.20% from the average revenue estimate for this year.