Agrify Corp (NASDAQ:AGFY) shares, rose in value, with the stock price down by -8.15% to the previous day’s close as strong demand from buyers drove the stock to $0.36.
Actively observing the price movement in the last trading, the stock closed the session at $0.39. The value of beta (5-year monthly) was 1.92. Referring to stock’s 52-week performance, its high was $9.00, and the low was $0.34. On the whole, AGFY has fluctuated by -21.76% over the past month.
With the market capitalization of Agrify Corp currently standing at about $2.51 million, investors are eagerly awaiting this quarter’s results, scheduled for Feb 21, 2024.
Analysts have estimated the company’s revenue for the quarter at $12.64 million, with a low estimate of $12.64 million and a high estimate of $12.64 million. According to the average forecast, sales growth in current quarter could jump down -50.00%, compared to the corresponding quarter of last year. Wall Street analysts also predicted that in 2023, the company’s y-o-y revenues would reach $65.01 million, representing an increase of 8.60% from the revenues reported in the last year’s results.
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 AGFY’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 AGFY currently trading nearly -9.82% and -33.11% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 35.50, while the 7-day volatility ratio is showing 11.38% which for the 30-day chart, stands at 9.44%. Furthermore, Agrify Corp (AGFY)’s beta value is 1.87, and its average true range (ATR) is 0.06.
A comparison of Agrify Corp (AGFY) with its peers suggests the former has fared considerably weaker in the market. AGFY showed an intraday change of -8.15% in last session, and over the past year, it shrunk by -88.81%%.
Data on historical trading for Agrify Corp (NASDAQ:AGFY) indicates that the trading volumes over the past 10 days have averaged 1.55 million and over the past 3 months, they’ve averaged 3.51 million. According to company’s latest data on outstanding shares, there are 7.06 million shares outstanding.
Nearly 65.76% of Agrify Corp’s shares belong to company insiders and institutional investors own 1.30% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 0.19 million shares as on Mar 15, 2024, resulting in a short ratio of 0.11. According to the data, the short interest in Agrify Corp (AGFY) stood at 1.85% of shares outstanding as of Mar 15, 2024; the number of short shares registered in Feb 15, 2024 reached 0.34 million. The stock has fallen by -71.65% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the AGFY stock heading into the next quarter.
