Market Recap: AgriFORCE Growing Systems ltd (AGRI)’s Negative Momentum, Closing at 0.08

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The closing price of AgriFORCE Growing Systems ltd (NASDAQ: AGRI) was $0.08 for the day, down -0.60% from the previous closing price of $0.08. In other words, the price has decreased by -$0.60 from its previous closing price. On the day, 8.24 million shares were traded. AGRI stock price reached its highest trading level at $0.0853 during the session, while it also had its lowest trading level at $0.08.

Ratios:

Our analysis of AGRI’s different ratios will help us gain a deeper understanding of the company. For the most recent quarter (mrq), Quick Ratio is recorded 0.82 and its Current Ratio is at 0.82. In the meantime, Its Debt-to-Equity ratio is 0.24 whereas as Long-Term Debt/Eq ratio is at 0.01.

Insider Transactions:

Also, insider trades can serve as a great indicator of what management thinks about the future direction of a stock’s price. A recent insider transaction in this stock occurred on Aug 01 ’23 when Mueller Ingo Wilhelm sold 100,000 shares for $0.13 per share. The transaction valued at 13,000 led to the insider holds 273,577 shares of the business.

Mueller Ingo Wilhelm sold 200,000 shares of AGRI for $28,111 on Jul 20 ’23. The CEO and Chairman now owns 373,577 shares after completing the transaction at $0.14 per share. On Jul 19 ’23, another insider, Mueller Ingo Wilhelm, who serves as the CEO and Chairman of the company, sold 200,000 shares for $0.14 each. As a result, the insider received 28,984 and left with 573,577 shares of the company.

Valuation Measures:

Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, AGRI now has a Market Capitalization of 5308720 and an Enterprise Value of 1394439. For the stock, the TTM Price-to-Sale (P/S) ratio is 265.42 while its Price-to-Book (P/B) ratio in mrq is 0.21. Its current Enterprise Value per Revenue stands at 85.648 whereas that against EBITDA is -0.21.

Stock Price History:

The Beta on a monthly basis for AGRI is 0.06, which has changed by -0.99286956 over the last 52 weeks, in comparison to a change of 0.26238096 over the same period for the S&P500. Over the past 52 weeks, AGRI has reached a high of $15.50, while it has fallen to a 52-week low of $0.08. The 50-Day Moving Average of the stock is -33.91%, while the 200-Day Moving Average is calculated to be -93.05%.

Shares Statistics:

AGRI traded an average of 17.86M shares per day over the past three months and 43652270 shares per day over the past ten days. A total of 64.50M shares are outstanding, with a floating share count of 64.18M. Insiders hold about 0.51% of the company’s shares, while institutions hold 0.14% stake in the company. Shares short for AGRI as of 1715731200 were 134308 with a Short Ratio of 0.04, compared to 1713139200 on 106253. Therefore, it implies a Short% of Shares Outstanding of 134308 and a Short% of Float of 0.52.

Earnings Estimates

On average, analysts expect EPS of $0 for the current quarter, with a high estimate of $0 and a low estimate of $0, while EPS last year was -$0.22. The consensus estimate for the next quarter is $0, with high estimates of $0 and low estimates of $0.

Analysts are recommending an EPS of between $0 and $0 for the fiscal current year, implying an average EPS of $0.

Revenue Estimates

Based on 1 analysts’ estimates, the company’s revenue will be $356.82M in the next fiscal year. The high estimate is $356.82M and the low estimate is $356.82M.

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