In yesterday’s Wall Street session, AgriFORCE Growing Systems Ltd. (NASDAQ:AGRI) shares traded at $0.11, down -26.55% from the previous session.
1 analysts cover AgriFORCE Growing Systems Ltd. (NASDAQ:AGRI), according to research data. The consensus rating among analysts is ‘Buy’. As we calculate the median target price by taking the range between a high of $2.00 and a low of $2.00, we find $2.00. Given the previous closing price of $0.14, this indicates a potential upside of 1328.57 percent. AGRI stock price is now -16.14% away from the 50-day moving average and -83.34% away from the 200-day moving average. The market capitalization of the company currently stands at $3.01M.
The stock has received a hold rating from 0 analysts and a buy rating from 1. Brokers who have rated the stock have averaged $2.00 as their price target over the next twelve months.
In other news, Mueller Ingo Wilhelm, Director sold 100,000 shares of the company’s stock on Aug 01. The stock was sold for $13,000 at an average price of $0.13. Upon completion of the transaction, the Director now directly owns 273,577 shares in the company, valued at $30093.47. An SEC document containing details of the transaction can be found on the SEC’s website. On Jul 20, CEO and Chairman Mueller Ingo Wilhelm sold 200,000 shares of the business’s stock. A total of $28,111 was realized by selling the stock at an average price of $0.14. This leaves the insider owning 373,577 shares of the company worth $41093.47. Insiders disposed of 750,000 shares of company stock worth roughly $82500.0 over the past 1 year. A total of 27.67% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in AGRI stock. A new stake in AgriFORCE Growing Systems Ltd. shares was purchased by AYRTON CAPITAL LLC during the first quarter worth $8,000. HRT FINANCIAL LP invested $2,000 in shares of AGRI during the first quarter. In the first quarter, APRIEM ADVISORS acquired a new stake in AgriFORCE Growing Systems Ltd. valued at approximately $2,000. In total, there are 15 active investors with 8.20% ownership of the company’s stock.
On Monday morning AgriFORCE Growing Systems Ltd. (NASDAQ: AGRI) stock kicked off with the opening price of $0.1258. During the past 12 months, AgriFORCE Growing Systems Ltd. has had a low of $0.08 and a high of $2.06. As of last week, the company has a debt-to-equity ratio of 0.71, a current ratio of 0.20, and a quick ratio of 0.20. The fifty day moving average price for AGRI is $0.1255 and a two-hundred day moving average price translates $0.6332 for the stock.
The latest earnings results from AgriFORCE Growing Systems Ltd. (NASDAQ: AGRI) was released for Jun, 2023. According to the Farm Products Company, earnings per share came in at -$0.17, missing analysts’ expectations of -$0.13 by -0.04. This compares to -$0.21 EPS in the same period last year. The company reported revenue of $2.91 million for the quarter, compared to $4.22 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -30.98 percent.
AgriFORCE Growing Systems Ltd.(AGRI) Company Profile
AgriFORCE Growing Systems Ltd., an agriculture-focused technology company, focuses on the development and commercialization of plant-based ingredients and products that deliver healthier and nutritious solutions. The company operates in two divisions, AgriFORCE Solutions and AgriFORCE Brands. It also offers management advisory services and holds intellectual property, as well as engages in the real estate holding and development activities. The company was formerly known as Canivate Growing Systems Ltd. and changed its name to AgriFORCE Growing Systems Ltd. in November 2019. AgriFORCE Growing Systems Ltd. was incorporated in 2017 and is headquartered in Vancouver, Canada.
