AgriFORCE Growing Systems ltd (NASDAQ: AGRI): Reassessing Prospects

Two Sigma Securities LLC has recently announced that it has increased stake in AgriFORCE Growing Systems ltd (NASDAQ:AGRI) by 587.62%. After grabbing 5611.0 shares, the institutional investor is now in possession of 4795.0 shares of the Consumer Defensive Company. The new investment brought the stake of investor firm to 0.40% having worth around $4696.0. Moreover, Cantor Fitzgerald & Co. increased its share by 2490.0 to have a control over 2490.0 shares. And HRT Financial LLC raised its holdings to 1867.0 shares by acquiring 2311.0 shares or 0.16% of the stake.

AgriFORCE Growing Systems ltd (AGRI) concluded trading on 12/21/23 at a closing price of $0.45, with 1.92 million shares of worth about $0.86 million changed hands on the day. Half year performance of the stock remained negative as price took a plunge of -96.16% during that period and on Thursday the price saw a gain of about 7.20%. Currently the company’s common shares owned by public are about 15.80M shares, out of which, 1.27M shares are available for trading.

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According to filings with the U.S. Securities and Exchange Commission (SEC), insiders took part in trade of the company’s stock for 48 times over the past 12 months. They bought 0 shares in 0 of the transactions. In 48 selling transactions, insiders dumped 750,000 shares.

The company recently came buying 0.0 shares which brought its stake up to 0.03% of the company’s outstanding shares.

AgriFORCE Growing Systems ltd (NASDAQ: AGRI) started trading at $0.4821, above $0.06 from concluding price of the previous day. However, the stock later moved at a day high price of 0.5101, or with a gain of 7.20%. Stock saw a price change of -26.23% in past 5 days and over the past one month there was a price change of -52.65%. Year-to-date (YTD), AGRI shares are showing a performance of -99.20% which decreased to -99.16% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $0.37 but also hit the highest price of $84.00 during that period. The average intraday trading volume for AgriFORCE Growing Systems ltd shares is 1.13 million. The stock is currently trading -35.30% below its 20-day simple moving average (SMA20), while that difference is down -67.43% for SMA50 and it goes to -96.58% lower than SMA200.

Two Sigma Securities LLC acquired 5611.0 shares of AgriFORCE Growing Systems ltd having value of about $4696.0. Data submitted at the U.S SEC by Two Sigma Securities LLC revealed that the firm now holds 4795.0 shares in the company valued at close to $2157.75, or have control over 587.62% stake in the company. AgriFORCE Growing Systems ltd (NASDAQ: AGRI) currently have 15.80M outstanding shares and institutions hold larger chunk of about 1.19% of that. Holding of mutual funds in the company is about 0.03% while other institutional holders and individual stake holders have control over 1.17% and — of the stake respectively.

The stock has a current market capitalization of $0.63M and its 3Y-monthly beta is at 0.36. It has posted earnings per share of -$0.43 in the same period. It has Quick Ratio of 0.16 while making debt-to-equity ratio of 0.83. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for AGRI, volatility over the week remained 12.22% while standing at 26.02% over the month.

Analysts are in expectations that AgriFORCE Growing Systems ltd (AGRI) stock would likely to be making an EPS of $0 in the current quarter, while forecast for next quarter EPS is $0 and it is $0 for next year. For the current quarter EPS, analysts have given the company a lowest target $0 which is $0 at the higher side of the target for the same.

Analysts at 1 brokerage firms have issued recommendations for the AgriFORCE Growing Systems ltd (AGRI)’s stock and average of those rates the stock at a “Strong Buy” and assign it a score of 1.00. Out of those 1 Wall Street analysts, 1 recommended a “Buy” rating, while 0 were in favor recommending the stock as a “Hold” and 0 analyst recommended the stock as “Sell”.

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