Stocks of AgriFORCE Growing Systems Ltd. (AGRI) are poised to climb above their peers

AgriFORCE Growing Systems Ltd. (NASDAQ: AGRI) stock jumped 41.60% on Friday to $0.14 against a previous-day closing price of $0.10. With 149.91 million shares changed hands, the volume of the stock remained heavier than its average volume of 4.79 million shares. During the session, the Farm Products company that operates in wider Consumer Defensive sector, reached to the highest price of $0.1800 whereas the lowest price it dropped to was $0.1214. The 52-week range on AGRI shows that it touched its highest point at $2.06 and its lowest point at $0.08 during that stretch. Beta for the stock currently stands at 1.01.

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 60.75%, but this was up by 19.24% over a month. Three-month performance dropped to -38.43% while six-month performance fell -81.88%. The stock lost -91.10% in the past year, while it has lost -87.17% so far this year. A look at the trailing 12-month EPS for AGRI yields -0.48 with Next year EPS estimates of 0.25.

Float and Shares Shorts:

At present, 40.05 million AGRI shares are outstanding with a float of 32.82 million shares on hand for trading. On Aug 30, 2023, short shares totaled 0.81 million, which was 2.02% higher than short shares on Jul 30, 2023. In addition to Mr. Richard S. Wong as the firm’s CFO & Interim CEO, Mr. Mauro Pennella serves as its Chief Marketing Officer & Pres of AgriFORCE Brands Division.

Institutional Ownership:

Through their ownership of 7.11% of AGRI’s outstanding shares, institutional investors have minority control over the company. Other institutions hold 0.89% of AGRI, in contrast to 0.75% held by mutual funds. Shares owned by individuals account for 0.04%. As the largest shareholder in AGRI with 0.18% of the stake, Ayrton Capital LLC holds 70,922 shares worth 70,922. A second-largest stockholder of AGRI, AMG National Trust Bank, holds 56,000 shares, controlling over 0.14% of the firm’s shares. Virtu Financial BD LLC is the third largest shareholder in AGRI, holding 44,171 shares or 0.11% stake. With a 0.04% 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.

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 Jun 29, 2023, AGRI reported revenue of $0.00 and operating income of -$4.22M. The EBITDA in the recently reported quarter was -$4.17M and diluted EPS was -$0.21.

Analysts Ratings:

Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for AGRI 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 AGRI analysts setting a high price target of $2.00 and a low target of $2.00, the average target price over the next 12 months is $2.00. Based on these targets, AGRI could surge 1328.57% to reach the target high and rise by 1328.57% to reach the target low. Reaching the average price target will result in a growth of 1328.57% 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 AGRI stock several times over the past three months with 0 Buys and 48 Sells. In these transactions, 0 shares were bought while 750,000 shares were sold. The number of buy transactions has increased to 1 while that of sell transactions has risen to 48 over the past year. The total number of shares bought during that period was 28,649 while 750,000 shares were sold.