Monthly Drifts in Agrify Corp (AGFY) Stock: A Closer Look

Agrify Corp [AGFY] stock prices are up 40.13% to $4.40 at the moment. One of the good ways to gauge the recent performance is if the stock’s short-term value is rising or falling. The AGFY shares have gain 37.93% over the last week, with a monthly amount glided 43.09%, and seem to be holding up well over a long-time horizon.

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From an analyst’s perspective:

Agrify Corp [NASDAQ: AGFY] stock has seen the most recent analyst activity on March 23, 2022, when Craig Hallum downgraded its rating to a Hold. Previously, Alliance Global Partners started tracking the stock with Buy rating on November 01, 2021, and set its price target to $32. On July 23, 2021, Craig Hallum initiated with a Buy rating and assigned a price target of $25 on the stock. Maxim Group started tracking the stock assigning a Buy rating and suggested a price target of $22 on March 01, 2021. ROTH Capital initiated its recommendation with a Buy and recommended $20 as its price target on February 23, 2021.

The stock price of Agrify Corp [AGFY] has been fluctuating between $2.71 and $42.00 over the past year. Agrify Corp [NASDAQ: AGFY] shares were valued at $4.40 at the most recent close of the market.

Analyzing the AGFY fundamentals

The Agrify Corp [NASDAQ:AGFY] reported sales of 11.59M for trailing twelve months, representing a drop of -40.90%. Gross Profit Margin for this corporation currently stands at 0.43% with Operating Profit Margin at -0.93%, Pretax Profit Margin comes in at -0.39%, and Net Profit Margin reading is -0.39%. To continue investigating profitability, this company’s Return on Assets is posted at -0.11, Equity is 0.48 and Total Capital is -0.75. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.74.

Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 3.60 points at the first support level, and at 2.80 for the second support level. However, for the 1st resistance point, the stock is sitting at 5.42, and for the 2nd resistance point, it is at 6.44.

Ratios To Look Out For

It’s worth pointing out that Agrify Corp [NASDAQ:AGFY]’s Current Ratio is 0.82. Also, the Quick Ratio is 0.09, while the Cash Ratio stands at 0.0. Considering the valuation of this stock, the price to sales ratio is 0.51, the price to book ratio is 0.51.

Transactions by insiders

Recent insider trading involved Chang Raymond Nobu, CEO and Chairman, that happened on Feb 28 ’24 when 1.84 million shares were purchased.

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