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 31.73M but it saw 26813227 shares traded in last market. With a market cap of 6.30M USD, the company’s current market price of $0.04 came falling about -4.02 while comparing to the previous closing price of $0.04. In past 52 weeks, the stock remained buoying in the range of price level as high as $2.67 and as low as $0.04. In the recent trading on the day, stock has struck highest price mark of $0.0397 while lowest mark touched by it was $0.0432.

Taking a look at 20-day trading activity of AgriFORCE Growing Systems ltd (AGRI) gives us an average price of $0.0492, while its current price level is -98.48% below from 52-week high level whereas it is 3.84% 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 $0.0525 while that of 200 days or SMA-200 reads an average of $0.1040. A closer look into the stock’s movement over the week reveals that its volatility is standing at 10.02% during that period while stretching the period over a month that increases to 12.26%. 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 34.42 which implies that the stock is in neutral territory.

Over the week, AGRI’s stock price is moving -13.98% down while it is -32.67% when we observe its performance for the past one month. Year-to-date it is -91.36% down and over the past year, the stock is showing a downside performance of -95.73%.

Currently, AgriFORCE Growing Systems ltd’s total number of outstanding shares is 117.34M. Company’s return on investment (ROI) stands at -259.17% and return on equity (ROE) at -248.22%. Stock’s beta reads 0.03. Stock has a price to book (P/B) ratio of 0.60 while price to sale or P/S ratio amounts to 104.94. Its return on asset (ROA) is -123.72% on average.