Agrify Corp (NASDAQ:AGFY) does about 371.25K shares in volume on a normal day but saw 1142629 shares change hands in the recent trading day. The company now has a market cap of 10.20M USD. Its current market price is $7.66, marking an increase of 58.59% compared to the previous close of $4.83. The 52 week high reached by this stock is $42.00 whilst the lowest price level in 52 weeks is $2.71.
Agrify Corp (AGFY) has a 20-day trading average at $3.93 and the current price is -81.76% off the 52-week high compared with 182.65% distance from its 52-week low. The 50-day simple moving average of the closing price is $3.66 and its 200-day simple moving average is $5.07. If we look at the stock’s price movements over the week, volatility stands at 29.87%, which decreases to 17.25% over 1 month. It is also key to look at other market indicators of price movement for the stock, where we see that the relative strength index (RSI) is at 77.48 to suggest the stock is overbought.
The consensus objective for the share price is $900.00, suggesting that the stock has a potential upside of 99.15% over the period.
Craig Hallum initiated its price target at $25.
The current price level is 95.10%, 109.14%, and 51.21% away from its SMA20, SMA50, and SMA200 respectively, with the AGFY price moving below the 50-day SMA on current market day. Agrify Corp (AGFY) stock is up 74.09% over the week and 161.43% over the past month. Its price is -59.34% year-to-date and -71.47% over the past year.
The stock last released its quarterly earnings report for quarter ended 9/30/2022, with the company’s earnings per share (EPS) of -1620 below consensus estimates by -690. The company’s next earnings report forecasts estimating quarterly EPS at 0 and 0 for whole year. Expected sales for next quarter are $14.05M, which analysts say will come at $65.01M for the current fiscal year and next year at $78.37M. In addition, estimates put the company’s current quarterly revenue at an average of $12.64M.
To reach the target analysts have set, the stock logically needs to grow 99.15 percent from here.
The company has a return on investment of -1.87% and return on equity of -868.45%. The beta has a value of 2.31. Price to book ratio is 0.88 and price to sales ratio is 0.88.
