AgriFORCE Growing Systems ltd’s (NASDAQ:AGRI) Stock Is Up 6.15%, But Is It Capable Of A Rally?

AgriFORCE Growing Systems ltd (NASDAQ:AGRI) traded at $0.18 at close of the session on Friday, April 05, made an upward move of 6.15% on its previous day’s price.

Looking at the stock we see that its previous close was $0.17 . In terms of its 52-week price range, AGRI has a high of $39.00 and a low of $0.14. The company’s stock has gained about 4.59% over that past 30 days.

AgriFORCE Growing Systems ltd has a market cap of $4.01 million.

There have been no upward and no downward revisions for the stock’s EPS in last 7 days, something that reflects the nature of company’s price movement in short term. On the other hand, looking at the outlook for the AGRI stock, short term indicators assign the stock an average of 50% Sell, while medium term indicators assign it an average of 100% Sell. Long term indicators on average place the stock in the category of 100% Sell.

Looking further, we note the current price level is 6.09% off its SMA20 and -16.61% from its 50-day simple moving average. The RSI (14) is pointing at 46.20 while the volatility over the past week is 9.26% and jumps to 12.41% over the past one month. The beta value is 0.17, while the average true range (ATR) is currently pointing at 0.02.

Coming back to AgriFORCE Growing Systems ltd (NASDAQ:AGRI), we note that the average 3-month trading volume was 3.78 million, while that of the preceding 10-day period stands at 2.54 million. Current shares outstanding are 22.57 million.

The insiders hold 2.17% of the company’s shares while institutions hold 0.51%. The data shows that short shares as of Mar 15, 2024, stood at 54080.0 at a short ratio of 0.01. This represents a 1.03% short interest in shares outstanding on Mar 15, 2024. Shares short rose in March from the previous month at 40470.0. Investors should be excited about this stock as its upside potential is great, with current price pushing the stock -62.16% down in year-to-date price movement.

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