Agrify Corporation (NASDAQ:AGFY) has seen 1.22 million shares traded in the last trading session. The company, currently valued at $540.43M, closed the last trade at $23.61 per share which meant it lost -$2.68 on the day or -10.19% during that session. The AGFY stock price is -52.22% off its 52-week high price of $35.94 and 71.16% above the 52-week low of $6.81. If we look at the company’s 10-day average daily trading volume, we find that it stood at 1.15 million shares traded. The 3-month trading volume is 975.33K shares.
The consensus among analysts is that Agrify Corporation (AGFY) is a Buy stock at the moment, with a recommendation rating of 2.00. 0 analysts rate the stock as a Sell, while 0 rate it as Overweight. 0 out of 4 have rated it as a Hold, with 4 advising it as a Buy. 0 have rated the stock as Underweight. The expected earnings per share for the stock is -$0.23.
Agrify Corporation (NASDAQ:AGFY) trade information
Sporting -10.19% in the red in last session, the stock has traded in the red over the last five days, with the highest price hit on Friday, 09/03/21 when the AGFY stock price touched $23.61 or saw a rise of 22.05%. Year-to-date, Agrify Corporation shares have moved 85.32%, while the 5-day performance has seen it change -14.27%. Over the past 30 days, the shares of Agrify Corporation (NASDAQ:AGFY) have changed 21.45%. Short interest in the company has seen 0.32 million shares shorted with days to cover at 0.95.
Wall Street analysts have a consensus price target for the stock at $36.44, which means that the shares’ value could jump 35.21% from current levels. The projected low price target is $31.00 while the price target rests at a high of $42.74. In that case, then, we find that the current price level is -81.02% off the targeted high while a plunge would see the stock gain -31.3% from current levels.
Agrify Corporation (AGFY) estimates and forecasts
Figures show that Agrify Corporation shares have outperformed across the wider relevant industry. The company’s shares have gained 88.88% over the past 6 months, with this year growth rate of 65.14%, compared to 9.50% for the industry. Revenue growth from the last financial year stood is estimated to be 313.00%.
3 analysts offering their estimates for the company have set an average revenue estimate of $10.03 million for the current quarter. 3 have an estimated revenue figure of $13.91 million for the next quarter concluding in Sep 2021.
Earnings growth for 2021 is a modest -344.00% while over the next 5 years, the company’s earnings are expected to increase by 20.00%.
Agrify Corporation is expected to release its next earnings report in October this year, and investors are excited at the prospect of better dividends despite the company’s debt issue.
Agrify Corporation (NASDAQ:AGFY)’s Major holders
Insiders own 22.16% of the company shares, while shares held by institutions stand at 9.26% with a share float percentage of 11.90%. Investors are also buoyed by the number of investors in a company, with Agrify Corporation having a total of 22 institutions that hold shares in the company. The top two institutional holders are Calamos Advisors LLC with over 0.27 million shares worth more than $3.39 million. As of Mar 30, 2021, Calamos Advisors LLC held 1.34% of shares outstanding.
The other major institutional holder is Perkins Capital Management, Inc., with the holding of over 0.11 million shares as of Mar 30, 2021. The firm’s total holdings are worth over $1.41 million and represent 0.56% of shares outstanding.
Also the top two Mutual Funds that are holding company’s shares are Spinnaker ETF Tr-Cannabis ETF and Brinker Capital Destinations Tr-Destinations Small-Mid Cap Equity Fd. As of Feb 27, 2021, the former fund manager holds about 1.26% shares in the company for having 0.26 million shares of worth $3.28 million while later fund manager owns 0.19 million shares of worth $2.39 million as of Feb 27, 2021, which makes it owner of about 0.92% of company’s outstanding stock.