AFC Gamma (NASDAQ:AFCG) Downgraded by Alliance Global Partners to "Hold"

Key Points

• AFC Gamma's stock received a "neutral" rating from Alliance Global Partners, with a target price of $4.50, indicating a potential upside from its previous close.
• The company's stock declined by 4.6% to $4.19 during midday trading, with a market capitalization of approximately $94.67 million.
• AFC Gamma specializes in originating and investing in senior secured loans and various commercial real estate loans for established companies in the cannabis industry.

AFC Gamma (NASDAQ:AFCG - Get Free Report) was downgraded by equities researchers at Alliance Global Partners from a "buy" rating to a "hold" rating in a research report issued on Friday, MarketBeat.com reports. They currently have a $4.50 target price on the stock. Alliance Global Partners' price target points to a potential upside of 14.21% from the company's current price.

AFC Gamma Price Performance

Shares of AFC Gamma stock traded down $0.02 on Friday, reaching $3.94. The stock had a trading volume of 91,277 shares, compared to its average volume of 203,800. The business's 50 day moving average is $4.62 and its two-hundred day moving average is $5.74. The company has a current ratio of 3.31, a quick ratio of 3.31 and a debt-to-equity ratio of 0.11. AFC Gamma has a 1 year low of $3.85 and a 1 year high of $10.88. The company has a market cap of $89.00 million, a P/E ratio of -9.61 and a beta of 1.07.

AFC Gamma Company Profile

AFC Gamma, Inc originates, structures, underwrites, and invests in senior secured loans, and other various commercial real estate loans and debt securities for established companies operating in the cannabis industry. It primarily originates loans structured as senior loans secured by real estate, equipment, and licenses and/or other assets of the loan parties to the extent permitted by applicable laws and the regulations governing such loan parties.