AgriFORCE Growing Systems ltd (NASDAQ:AGRI) shares, rose in value, with the stock price down by -11.96% to the previous day’s close as strong demand from buyers drove the stock to $0.15.
Actively observing the price movement in the last trading, the stock closed the session at $0.17. The value of beta (5-year monthly) was 0.15. Referring to stock’s 52-week performance, its high was $45.00, and the low was $0.15. On the whole, AGRI has fluctuated by -32.94% over the past month.
With the market capitalization of AgriFORCE Growing Systems ltd currently standing at about $0.78 million, investors are eagerly awaiting this quarter’s results, scheduled for Mar 15, 2024 – Mar 19, 2024.
Revisions could be a useful indicator to get insight on short-term price movement; so for the company, there were no upward and no downward review(s) in last seven days. We see that AGRI’s technical picture suggests that short-term indicators denote the stock is a 100% Sell on average. However, medium term indicators have put the stock in the category of 100% Sell while long term indicators on average have been pointing out that it is a 100% Sell.
The stock’s technical analysis shows that the PEG ratio is about 0, with the price of AGRI currently trading nearly -23.36% and -46.62% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 30.18, while the 7-day volatility ratio is showing 11.83% which for the 30-day chart, stands at 19.11%. Furthermore, AgriFORCE Growing Systems ltd (AGRI)’s beta value is 0.16, and its average true range (ATR) is 0.04.
A comparison of AgriFORCE Growing Systems ltd (AGRI) with its peers suggests the former has fared considerably weaker in the market. AGRI showed an intraday change of -11.96% in last session, and over the past year, it shrunk by -99.65%%.
Data on historical trading for AgriFORCE Growing Systems ltd (NASDAQ:AGRI) indicates that the trading volumes over the past 10 days have averaged 1.24 million and over the past 3 months, they’ve averaged 3.10 million. According to company’s latest data on outstanding shares, there are 15.80 million shares outstanding.
Nearly 2.17% of AgriFORCE Growing Systems ltd’s shares belong to company insiders and institutional investors own 2.22% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 0.17 million shares as on Feb 29, 2024, resulting in a short ratio of 0.02. According to the data, the short interest in AgriFORCE Growing Systems ltd (AGRI) stood at 3.19% of shares outstanding as of Feb 29, 2024; the number of short shares registered in Jan 31, 2024 reached 66390.0. The stock has fallen by -68.50% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the AGRI stock heading into the next quarter.
