Market cap of AgriFORCE Growing Systems Ltd. [AGRI] reaches 38.07M – now what?

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AgriFORCE Growing Systems Ltd. [NASDAQ: AGRI] gained 17.17% on the last trading session, reaching $2.32 price per share at the time. The company report on June 3, 2022 that AgriFORCE Growing Systems to Present at The Investor Summit Group/Harbor Access Food & AgTech Conference: The Future of Food.


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Vancouver, British Columbia–(Newsfile Corp. – June 3, 2022) – AgriFORCE Growing Systems, (NASDAQ: AGRI) (NASDAQ: AGRIW) today announced that Ingo Mueller, CEO, and Mauro Pennella, President and CMO, will be attending The Investor Summit Group/Harbor Access Food & AgTech Conference virtually.

Event: The Investor Summit Group/Harbor Access Food & AgTech ConferenceDate: June 8th, 2022 at 2:45 PM ETLocation: https://us06web.zoom.us/webinar/register/WN__FLeZO3cRGuWoES827pkgA.

AgriFORCE Growing Systems Ltd. represents 15.22 million in outstanding shares, while the company has a total market value of $38.07 million with the latest information. AGRI stock price has been found in the range of $1.85 to $2.66.

If compared to the average trading volume of 8.44M shares, AGRI reached a trading volume of 8348579 in the most recent trading day, which is why market watchdogs consider the stock to be active.

Here is what top equities market gurus are saying about AgriFORCE Growing Systems Ltd. [AGRI]:

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for AGRI shares is $5.00 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on AGRI stock is a recommendation set at 2.00. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.

The Average True Range (ATR) for AgriFORCE Growing Systems Ltd. is set at 0.33 The Price to Book ratio for the last quarter was 7.03, with the Price to Cash per share for the same quarter was set at 0.27.

Trading performance analysis for AGRI stock

AgriFORCE Growing Systems Ltd. [AGRI] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -2.11. With this latest performance, AGRI shares gained by 52.63% in over the last four-week period, additionally plugging by 7.41% over the last 6 months .

Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for AGRI stock in for the last two-week period is set at 48.57, with the RSI for the last a single of trading hit 48.40, and the three-weeks RSI is set at 48.81 for AgriFORCE Growing Systems Ltd. [AGRI]. The present Moving Average for the last 50 days of trading for this stock 2.4200, while it was recorded at 2.1900 for the last single week of trading, and 2.2600 for the last 200 days.

AgriFORCE Growing Systems Ltd. [AGRI]: A deeper dive into fundamental analysis

Return on Equity for this stock declined to -141.29, with Return on Assets sitting at -87.81.

AgriFORCE Growing Systems Ltd.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 2.80 and a Current Ratio set at 2.80.

An analysis of insider ownership at AgriFORCE Growing Systems Ltd. [AGRI]

There are presently around $1 million, or 5.60% of AGRI stock, in the hands of institutional investors. The top three institutional holders of AGRI stocks are: VIRTU FINANCIAL LLC with ownership of 85,934, which is approximately 293.003% of the company’s market cap and around 19.26% of the total institutional ownership; JANE STREET GROUP, LLC, holding 43,141 shares of the stock with an approximate value of $85000.0 in AGRI stocks shares; and SQUAREPOINT OPS LLC, currently with $83000.0 in AGRI stock with ownership of nearly New of the company’s market capitalization.

Positions in AgriFORCE Growing Systems Ltd. stocks held by institutional investors increased at the end of June and at the time of the June reporting period, where 10 institutional holders increased their position in AgriFORCE Growing Systems Ltd. [NASDAQ:AGRI] by around 215,218 shares. Additionally, 6 investors decreased positions by around 72,094 shares, while 1 investors held positions by with 9,334 shares. The mentioned changes placed institutional holdings at 277,978 shares, according to the latest SEC report filing. AGRI stock had 7 new institutional investments in for a total of 128,006 shares, while 5 institutional investors sold positions of 68,129 shares during the same period.

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