A look into Agrify Corporation (AGFY)’s deeper side

Agrify Corporation (NASDAQ: AGFY) stock fell -10.49% on Wednesday to $0.19 against a previous-day closing price of $0.21. With 0.9 million shares changed hands, the volume of the stock remained lighter than its average volume of 4.58 million shares. During the session, the Engineering & Construction company that operates in wider Industrials sector, reached to the highest price of $0.2000 whereas the lowest price it dropped to was $0.1863. The 52-week range on AGFY shows that it touched its highest point at $29.00 and its lowest point at $0.14 during that stretch. It currently has a 1-year price target of $7.50.

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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 AGFY was down-trending over the past week, with a drop of -6.10%, but this was down by -24.58% over a month. Three-month performance dropped to -53.05% while six-month performance fell -81.41%. The stock lost -99.24% in the past year, while it has lost -43.60% so far this year. A look at the trailing 12-month EPS for AGFY yields -62.06 with Next year EPS estimates of -3.26. For the next quarter, that number is -1.98. This implies an EPS growth rate of -59.70% for this year and 94.40% for next year.

Float and Shares Shorts:

At present, 20.74 million AGFY shares are outstanding with a float of 18.13 million shares on hand for trading. On Apr 27, 2023, short shares totaled 1.07 million, which was 4.94% higher than short shares on Mar 30, 2023. In addition to Mr. Raymond Nobu Chang Jr. as the firm’s Principal Financial and Accounting Officer, CEO, Chairman & Corp. Sec., Mr. Stuart Anthony Wilcox serves as its Chief Operating Officer.

Institutional Ownership:

Through their ownership of 9.09% of AGFY’s outstanding shares, institutional investors have minority control over the company. Other institutions hold 7.69% of AGFY, in contrast to 28.17% held by mutual funds. Shares owned by individuals account for 14.46%. As the largest shareholder in AGFY with 9.23% of the stake, AXS Investments LLC holds 818,887 shares worth 818,887. A second-largest stockholder of AGFY, Renaissance Technologies LLC, holds 432,507 shares, controlling over 4.87% of the firm’s shares. Alyeska Investment Group LP is the third largest shareholder in AGFY, holding 380,815 shares or 4.29% stake. With a 7.06% stake in AGFY, the AXS Cannabis ETF is the largest stakeholder. A total of 626,943 shares are owned by the mutual fund manager. The Vanguard Extended Market Index Fu, which owns about 0.31% of AGFY stock, is the second-largest Mutual Fund holder. It holds 27,782 shares valued at 6668.0. Fidelity Extended Market Index Fu holds 0.12% of the stake in AGFY, owning 10,369 shares worth 2489.0.

An Overview of Recent Financials:

Understanding a company as a customer does not mean you will understand it as an investor. The wise investor uses quantitative research to analyze metrics such as revenue, net income, and earnings. In its fiscal quarter reported on Sep 29, 2022, AGFY reported revenue of $19.33M and operating income of -$22.54M. The EBITDA in the recently reported quarter was $47.60M and diluted EPS was -$35.10.

Analysts Ratings:

Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for AGFY since 0 analysts follow the stock currently. In the same way, a target price assigned to a stock can also reveal much about its potential. With AGFY analysts setting a high price target of $3.00 and a low target of $0.35, the average target price over the next 12 months is $1.68. Based on these targets, AGFY could surge 1478.95% to reach the target high and rise by 84.21% to reach the target low. Reaching the average price target will result in a growth of 784.21% 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.

Summary of Insider Activity:

Insiders traded AGFY 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 2,366,123 while 0 shares were sold.

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