AgriFORCE Growing Systems Ltd. (NASDAQ: AGRI) stock jumped 12.81% on Monday to $1.44 against a previous-day closing price of $1.28. With 1.88 million shares changed hands, the volume of the stock remained heavier than its average volume of 0.2 million shares. During the session, the Farm Products company that operates in wider Consumer Defensive sector, reached to the highest price of $1.4800 whereas the lowest price it dropped to was $1.2600. The 52-week range on AGRI shows that it touched its highest point at $6.10 and its lowest point at $0.93 during that stretch. It currently has a 1-year price target of $5.17.
Price Performance and Earnings:
Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of AGRI was up-trending over the past week, with a rise of 19.01%, but this was up by 34.58% over a month. Three-month performance surged to 18.03% while six-month performance fell -26.53%. The stock lost -10.92% in the past year, while it has gained 27.43% so far this year. A look at the trailing 12-month EPS for AGRI yields -0.78 with Next year EPS estimates of -0.68. For the next quarter, that number is -0.43. This implies an EPS growth rate of -130.20% for this year and -39.60% for next year.
Float and Shares Shorts:
At present, 20.43 million AGRI shares are outstanding with a float of 11.11 million shares on hand for trading. On Oct 13, 2022, short shares totaled 0.41 million, which was 2.59% higher than short shares on Sep 14, 2022. In addition to Mr. Ingo Wilhelm Mueller as the firm’s Chairman & CEO, Mr. Richard S. Wong serves as its Chief Financial Officer.
Through their ownership of 7.68% of AGRI’s outstanding shares, institutional investors have minority control over the company. Other institutions hold 7.04% of AGRI, in contrast to 1.49% held by mutual funds. Shares owned by individuals account for 0.11%. As the largest shareholder in AGRI with 0.75% of the stake, Group One Trading LP holds 117,634 shares worth 117,634. A second-largest stockholder of AGRI, 1832 Asset Management LP, holds 26,562 shares, controlling over 0.17% of the firm’s shares. Geode Capital Management LLC is the third largest shareholder in AGRI, holding 17,646 shares or 0.11% stake. With a 0.11% stake in AGRI, the Fidelity Nasdaq Composite Index F is the largest stakeholder. A total of 17,646 shares are owned by the mutual fund manager.
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for AGRI since 1 analysts follow the stock currently. There are 1 analysts who recommend BUY ratings, while 0 suggest SELL ratings. Of the remaining analysts, 0 believe that the stock is worth HOLDING, 0 give it an OVERWEIGHT rating, and 0 thinks that it’s UNDERWEIGHT. In the same way, a target price assigned to a stock can also reveal much about its potential. With AGRI analysts setting a high price target of $5.00 and a low target of $5.00, the average target price over the next 12 months is $5.00. Based on these targets, AGRI could surge 247.22% to reach the target high and rise by 247.22% to reach the target low. Reaching the average price target will result in a growth of 247.22% from current levels.
EPS: Estimates vs Actual
It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy. AGRI will report FY 2022 earnings on 02/28/2024. Analysts have provided yearly estimates in a range of $0.11 being high and $0.11 being low. For AGRI, this leads to a yearly average estimate of $0.11. Based on analyst estimates, the high estimate for the next quarter is -$0.43 and the low estimate is -$0.43. The average estimate for the next quarter is thus -$0.43.
Summary of Insider Activity:
Insiders traded AGRI stock several times over the past three months with 0 Buys and 0 Sells. In these transactions, 0 shares were bought while 0 shares were sold. The number of buy transactions has increased to 3 while that of sell transactions has remained unmoved to 0 over the past year. The total number of shares bought during that period was 57,357 while 0 shares were sold.