Is AgriFORCE Growing Systems ltd (NASDAQ: AGRI) A Suitable Stock For New Investors Today?

AgriFORCE Growing Systems ltd (NASDAQ:AGRI) shares, rose in value, with the stock price up by 2.10% to the previous day’s close as strong demand from buyers drove the stock to $0.17.

Actively observing the price movement in the last trading, the stock closed the session at $0.17. Referring to stock’s 52-week performance, its high was $39.00, and the low was $0.14. On the whole, AGRI has fluctuated by -1.05% over the past month.

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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 50% 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 1.36% and -22.35% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 42.08, while the 7-day volatility ratio is showing 9.88% which for the 30-day chart, stands at 12.31%. Furthermore, AgriFORCE Growing Systems ltd (AGRI)’s beta value is 0.17, and its average true range (ATR) is 0.03.

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 2.10% in last session, and over the past year, it shrunk by -99.51%%.

Data on historical trading for AgriFORCE Growing Systems ltd (NASDAQ:AGRI) indicates that the trading volumes over the past 10 days have averaged 2.8 million and over the past 3 months, they’ve averaged 3.73 million. According to company’s latest data on outstanding shares, there are 5.84 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 54080.0 shares as on Mar 15, 2024, resulting in a short ratio of 0.01. According to the data, the short interest in AgriFORCE Growing Systems ltd (AGRI) stood at 1.03% of shares outstanding as of Mar 15, 2024; the number of short shares registered in Feb 15, 2024 reached 40470.0. The stock has fallen by -63.80% 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.