African Agriculture Holdings Inc [NASDAQ: AAGR] stock went on an upward path that rose over 29.08% on Thursday, amounting to a one-week price increase of more than 18.80%.
Over the last 12 months, AAGR stock dropped by -97.88%.
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The market cap for the stock reached $9.14 million, with 57.87 million shares outstanding and 15.65 million shares in the current float. Compared to the average trading volume of 1.69M shares, AAGR stock reached a trading volume of 6612577 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Guru’s Opinion on African Agriculture Holdings Inc [AAGR]:
The Average True Range (ATR) for African Agriculture Holdings Inc is set at 0.01, with the Price to Sales ratio for AAGR stock in the period of the last 12 months amounting to 7.26.
AAGR Stock Performance Analysis:
African Agriculture Holdings Inc [AAGR] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 18.80. With this latest performance, AAGR shares gained by 6.76% in over the last four-week period, additionally sinking by -62.82% over the last 6 months – not to mention a drop of -97.88% 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 AAGR stock in for the last two-week period is set at 60.00, with the RSI for the last a single of trading hit 68.51, and the three-weeks RSI is set at 52.80 for African Agriculture Holdings Inc [AAGR]. The present Moving Average for the last 50 days of trading for this stock 0.1445, while it was recorded at 0.1329 for the last single week of trading, and 0.5955 for the last 200 days.
Insight into African Agriculture Holdings Inc Fundamentals:
African Agriculture Holdings Inc’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.03 and a Current Ratio set at 0.11.