African Agriculture Holdings Inc (NASDAQ: AAGR) Emerges As Guiding Light For Investors

African Agriculture Holdings Inc (NASDAQ:AAGR) currently has a daily average trading volume of 1.69M but it saw 6612577 shares traded in last market. With a market cap of 9.14M USD, the company’s current market price of $0.16 came rising about 29.08 while comparing to the previous closing price of $0.12. In past 52 weeks, the stock remained buoying in the range of price level as high as $11.39 and as low as $0.11. In the recent trading on the day, stock has struck highest price mark of $0.1376 while lowest mark touched by it was $0.175.

Taking a look at 20-day trading activity of African Agriculture Holdings Inc (AAGR) gives us an average price of $0.1354, while its current price level is -98.61% below from 52-week high level whereas it is 41.07% 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 $0.1445 while that of 200 days or SMA-200 reads an average of $0.5955. A closer look into the stock’s movement over the week reveals that its volatility is standing at 11.07% during that period while stretching the period over a month that decreases to 8.39%. 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 60.00 which implies that the stock is in neutral territory.

Over the week, AAGR’s stock price is moving 18.80% up while it is 6.76% when we observe its performance for the past one month. Year-to-date it is -87.36% down and over the past year, the stock is showing a downside performance of -97.88%.

Currently, African Agriculture Holdings Inc’s total number of outstanding shares is 57.87M with 53.20% of that held by the insiders while 27.42% of its common stock has been owned by the institutions. Company’s return on equity (ROE) at -953.01%. Stock’s beta reads -0.79. Stock has a price to sale or P/S ratio amounts to 7.26. Its return on asset (ROA) is -265.30% on average.