Are Analysts Too Bullish On AgriFORCE Growing Systems ltd (AGRI)

AgriFORCE Growing Systems ltd (NASDAQ:AGRI) currently has a daily average trading volume of 17.78M but it saw 3578065 shares traded in last market. With a market cap of 4.52M USD, the company’s current market price of $0.05 came falling about -3.82 while comparing to the previous closing price of $0.05. In past 52 weeks, the stock remained buoying in the range of price level as high as $8.00 and as low as $0.05. In the recent trading on the day, stock has struck highest price mark of $0.046 while lowest mark touched by it was $0.0495.

Taking a look at 20-day trading activity of AgriFORCE Growing Systems ltd (AGRI) gives us an average price of $0.0542, while its current price level is -99.40% below from 52-week high level whereas it is -1.44% 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 $0.0613 while that of 200 days or SMA-200 reads an average of $0.1648. A closer look into the stock’s movement over the week reveals that its volatility is standing at 4.65% during that period while stretching the period over a month that increases to 7.25%. 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 33.93 which implies that the stock is in neutral territory.

Over the week, AGRI’s stock price is moving -7.88% down while it is -21.60% when we observe its performance for the past one month. Year-to-date it is -89.81% down and over the past year, the stock is showing a downside performance of -99.10%.

The latest quarterly earnings report issued by the company reported quarterly earnings per share (EPS) of -0.22 beaten by the consensus estimate of -0.19 for the same. The company is expected to be releasing its next quarterly report in November, for which analysts forecasted an EPS of 0 while estimate for next year EPS is 0.

Currently, AgriFORCE Growing Systems ltd’s total number of outstanding shares is 94.34M. Company’s return on investment (ROI) stands at -132.37% and return on equity (ROE) at -161.50%. Stock’s beta reads 0.05. Stock has a price to book (P/B) ratio of 0.36 while price to sale or P/S ratio amounts to 75.31. Its return on asset (ROA) is -88.79% on average.