With 117.34M Outstanding Shares, Can AgriFORCE Growing Systems ltd (NASDAQ: AGRI) Deliver Big Short-Term Gains?

AgriFORCE Growing Systems ltd (NASDAQ:AGRI) currently has a daily average trading volume of 24.14M but it saw 45196591 shares traded in last market. With a market cap of 6.91M USD, the company’s current market price of $0.06 came rising about 1.03 while comparing to the previous closing price of $0.06. In past 52 weeks, the stock remained buoying in the range of price level as high as $2.67 and as low as $0.05. In the recent trading on the day, stock has struck highest price mark of $0.0552 while lowest mark touched by it was $0.061.

Taking a look at 20-day trading activity of AgriFORCE Growing Systems ltd (AGRI) gives us an average price of $0.0571, while its current price level is -97.79% below from 52-week high level whereas it is 28.04% 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 $0.0574 while that of 200 days or SMA-200 reads an average of $0.1251. A closer look into the stock’s movement over the week reveals that its volatility is standing at 10.14% during that period while stretching the period over a month that increases to 18.73%. 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 52.58 which implies that the stock is in neutral territory.

Over the week, AGRI’s stock price is moving -2.32% down while it is 18.27% when we observe its performance for the past one month. Year-to-date it is -87.47% down and over the past year, the stock is showing a downside performance of -96.95%.

Currently, AgriFORCE Growing Systems ltd’s total number of outstanding shares is 117.34M. Company’s return on investment (ROI) stands at -132.37% and return on equity (ROE) at -161.50%. Stock’s beta reads 0.09. Stock has a price to book (P/B) ratio of 0.44 while price to sale or P/S ratio amounts to 115.17. Its return on asset (ROA) is -88.79% on average.