Investors Are Waking Up To African Agriculture Holdings Inc (NASDAQ: AAGR) After Losing -97.89% Over The Past 12 Months

money audit

African Agriculture Holdings Inc (NASDAQ:AAGR) currently has a daily average trading volume of 1.59M but it saw 2132659 shares traded in last market. With a market cap of 8.91M USD, the company’s current market price of $0.15 came rising about 4.05 while comparing to the previous closing price of $0.15. In past 52 weeks, the stock remained buoying in the range of price level as high as $11.39 and as low as $0.14.

Taking a look at 20-day trading activity of African Agriculture Holdings Inc (AAGR) gives us an average price of $0.1854, while its current price level is -98.65% below from 52-week high level whereas it is 9.14% above from lowest level seen by the stock during that period. Simple moving average of 50 days or SMA-50 of the stock’s closing price is $0.2818 while that of 200 days or SMA-200 reads an average of $2.0218. A closer look into the stock’s movement over the week reveals that its volatility is standing at 12.72% during that period while stretching the period over a month that decreases to 12.41%. It is also necessary to take a look into other indicators of a stock too, to get a better idea about its price movement. And in doing so, we find stock’s 14-day relative strength index (RSI) standing at 30.25 which implies that the stock is in neutral territory.

Over the week, AAGR’s stock price is moving -10.20% down while it is -37.70% when we observe its performance for the past one month. Year-to-date it is -87.68% down and over the past year, the stock is showing a downside performance of -97.89%.

Currently, African Agriculture Holdings Inc’s total number of outstanding shares is 57.87M. Company’s return on equity (ROE) at -953.01%. Stock’s beta reads -0.70. Stock has a price to sale or P/S ratio amounts to 7.07. Its return on asset (ROA) is -265.30% on average.