An average trading volume for Agrify Corporation (AGFY) has been steady over the recent period.

After finishing at $0.58 in the prior trading day, Agrify Corporation (NASDAQ: AGFY) closed at $0.57, down -1.40%. In other words, the price has decreased by -$0.0081 from its previous closing price. On the day, 609152 shares were traded. AGFY stock price reached its highest trading level at $0.5900 during the session, while it also had its lowest trading level at $0.5530.

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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 0.50 and its Current Ratio is at 1.50. In the meantime, Its Debt-to-Equity ratio is 0.89 whereas as Long-Term Debt/Eq ratio is at 0.87.

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.

Insider Transactions:

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 Dec 20 when Chang Raymond Nobu bought 2,307,692 shares for $0.65 per share. The transaction valued at 1,500,000 led to the insider holds 2,361,538 shares of the business.

Hua Guichao bought 54,264 shares of AGFY for $4,617,866 on Dec 19. The Director now owns 65,956 shares after completing the transaction at $85.10 per share. On May 20, another insider, Chang Raymond Nobu, who serves as the CEO and Chairman of the company, bought 5,000 shares for $2.50 each. As a result, the insider paid 12,500 and bolstered with 15,000 shares of the company.

Valuation Measures:

For the stock, the TTM Price-to-Sale (P/S) ratio is 0.06 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 $86.35, while it has fallen to a 52-week low of $0.25. The 50-Day Moving Average of the stock is 0.7189, while the 200-Day Moving Average is calculated to be 12.4852.

Shares Statistics:

The stock has traded on average 2.36M shares per day over the past 3-months and 4.34M shares per day over the last 10 days, according to various share statistics. A total of 8.86M shares are outstanding, with a floating share count of 6.34M. Insiders hold about 27.74% of the company’s shares, while institutions hold 6.20% stake in the company. Shares short for AGFY as of Oct 13, 2022 were 622.89k with a Short Ratio of 0.42M, 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%.

Earnings Estimates

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.

Revenue Estimates

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.