Agrify Corp (AGFY) Has A Promising Outlook For 2024

Agrify Corp (NASDAQ:AGFY) has a beta value of 1.97 and has seen 0.75 million shares traded in the recent trading session. The company, currently valued at $3.00M, closed the recent trade at $0.43 per share which meant it gained $0.03 on the day or 5.46% during that session. The AGFY stock price is -1993.02% off its 52-week high price of $9.00 and 13.95% above the 52-week low of $0.37. If we look at the company’s 10-day average daily trading volume, we find that it stood at 0.35 million shares traded. The 3-month trading volume is 3.31 million shares.

Agrify Corp (NASDAQ:AGFY) trade information

Sporting 5.46% in the green today, the stock has traded in the green over the last five days, when the AGFY stock price touched $0.43 or saw a fall of -1.42%. Year-to-date, Agrify Corp shares have moved -66.16%, while the 5-day performance has seen it change 4.42%. Over the past 30 days, the shares of Agrify Corp (NASDAQ:AGFY) have changed -25.44%. Short interest in the company has seen 0.61 million shares shorted with days to cover at 0.13.

Agrify Corp (AGFY) estimates and forecasts

The company’s shares have lost -85.29% over the past 6 months. Revenue growth from the last financial year stood is estimated to be 8.60%.

1 analysts offering their estimates for the company have set an average revenue estimate of $12.64 million for the current quarter. 1 have an estimated revenue figure of $14.05 million for the next quarter concluding in Mar 2023. Year-ago sales stood $25.27 million and $26.02 million respectively for this quarter and the next, and analysts expect sales will shrink by -50.00% for the current quarter and -46.00% for the next.

If we evaluate the company’s growth over the last 5-year and for the next 5-year period, we find that annual earnings growth was -208.26% over the past 5 years.

AGFY Dividends

Agrify Corp is expected to release its next earnings report on February 21 this year, and investors are excited at the prospect of better dividends despite the company’s debt issue.

Agrify Corp (NASDAQ:AGFY)’s Major holders

Insiders own 45.20% of the company shares, while shares held by institutions stand at 0.89% with a share float percentage of 1.63%. Investors are also buoyed by the number of investors in a company, with Agrify Corp having a total of 15 institutions that hold shares in the company. The top two institutional holders are AXS Investments, LLC with over 48016.0 shares worth more than $20166.0. As of Dec 30, 2023, AXS Investments, LLC held 0.64% of shares outstanding.

The other major institutional holder is Hudson Bay Capital Management Lp, with the holding of over 36513.0 shares as of Dec 30, 2023. The firm’s total holdings are worth over $15335.0 and represent 0.49% of shares outstanding.

Also the top two Mutual Funds that are holding company’s shares are Vanguard Extended Market Index Fund and Fidelity Extended Market Index Fund. As of Dec 30, 2023, the former fund manager holds about 0.13% shares in the company for having 9557.0 shares of worth $4013.0 while later fund manager owns 8478.0 shares of worth $3560.0 as of Jan 30, 2024, which makes it owner of about 0.11% of company’s outstanding stock.