AgriFORCE Growing Systems ltd [NASDAQ: AGRI] traded at a high on Tuesday, posting a 25.75 gain after which it closed the day’ session at $0.27. The company report on February 16, 2024 at 5:00 PM that AgriFORCE Granted Further Patent from the USPTO Related to its FORCEGH+ Facilities.
This continuation patent covers the innovative FORCEGH+ facility design, including its ability to integrate with different automated systems. This patent expands on the Company’s previously announced patent related to its FORCEGH+ facilities. FORCEGH+ is the Company’s proprietary grow facility design, a sustainable methodology and environment, including in extreme macro climates, for growing optimized crops through Good Manufacturing Practices (GMP) equivalent pharma-grade standards. FORCEGH+ facilities are designed as advanced AgTech, high efficiency building envelopes developed through proprietary engineering and materials. FORCEGH+ advantages include facility designs that harness solar power; advanced hydroponics providing precise and consistent high yield crop growth cycles; and the ability to be deployed in a variety of ecosystems. The Company has developed FORCEGH+ with the intent to optimize crop yields to as near maximize genetic potential, while eliminating the need for pesticides, fungicides, and herbicides, thereby providing customers with the next-generation of controlled-environment agriculture.
The results of the trading session contributed to over 119065419 shares changing hands. Over the past one week, the price volatility of AgriFORCE Growing Systems ltd stands at 44.02% while the volatility over the past one month is 21.33%.
The market cap for AGRI stock reached $1.41 million, with 15.80 million shares outstanding and 5.12 million shares in the current float. Compared to the average trading volume of 1.39M shares, AGRI reached a trading volume of 119065419 in the most recent trading day, which is why market watchdogs consider the stock to be active.
What do top market gurus say 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 $100.00 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 1.00. 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 0.08 The Price to Book ratio for the last quarter was 1.96, with the Price to Cash per share for the same quarter was set at 0.11.
How has AGRI stock performed recently?
AgriFORCE Growing Systems ltd [AGRI] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 7.60. With this latest performance, AGRI shares dropped by -14.27% in over the last four-week period, additionally sinking by -95.46% over the last 6 months – not to mention a drop of -99.52% in the past year of trading.
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 42.00, with the RSI for the last a single of trading hit 50.86, and the three-weeks RSI is set at 36.29 for AgriFORCE Growing Systems ltd [AGRI]. The present Moving Average for the last 50 days of trading for this stock 0.3895, while it was recorded at 0.2268 for the last single week of trading, and 6.2439 for the last 200 days.
AgriFORCE Growing Systems ltd [AGRI]: Deeper insight into the fundamentals
AgriFORCE Growing Systems ltd’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.16 and a Current Ratio set at 0.17.
Insider trade positions for AgriFORCE Growing Systems ltd [AGRI]
The top three institutional holders of AGRI stocks are: VANGUARD GROUP INC with ownership of 1.3 billion shares, which is approximately 8.2815%. BLACKROCK INC., holding 1.03 billion shares of the stock with an approximate value of $176.59 billion in AGRI stocks shares; and BERKSHIRE HATHAWAY INC, currently with $156.75 billion in AGRI stock with ownership which is approximately 5.8325%.
