With 1.74M 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 950.78K but it saw 1094840 shares traded in last market. With a market cap of 3.10M USD, the company’s current market price of $1.78 came falling about -17.21 while comparing to the previous closing price of $2.15. In past 52 weeks, the stock remained buoying in the range of price level as high as $19.08 and as low as $1.00. In the recent trading on the day, stock has struck highest price mark of $1.63 while lowest mark touched by it was $1.99.

Taking a look at 20-day trading activity of AgriFORCE Growing Systems ltd (AGRI) gives us an average price of $1.34, while its current price level is -90.67% below from 52-week high level whereas it is 78.00% 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 $1.47 while that of 200 days or SMA-200 reads an average of $3.97. A closer look into the stock’s movement over the week reveals that its volatility is standing at 20.13% during that period while stretching the period over a month that decreases to 13.64%. 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 59.46 which implies that the stock is in neutral territory.

Over the week, AGRI’s stock price is moving 32.84% up while it is 27.14% when we observe its performance for the past one month. Year-to-date it is -24.89% down and over the past year, the stock is showing a downside performance of -88.32%.

The company is expected to be releasing its next quarterly report in May, 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 1.74M with 0.47% of that held by the insiders while 2.17% of its common stock has been owned by the institutions. Company’s return on investment (ROI) stands at -264.50% and return on equity (ROE) at -221.79%. Stock’s beta reads -0.03. Stock has a price to book (P/B) ratio of 0.45 while price to sale or P/S ratio amounts to 44.29. Its return on asset (ROA) is -115.70% on average.