AFC Gamma (NASDAQ:AFCG) Stock Rating Lowered by Alliance Global Partners

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 Alliance Global Partners from a "buy" rating to a "hold" rating in a report issued on Friday, MarketBeat Ratings reports. They currently have a $4.50 target price on the stock. Alliance Global Partners' target price would indicate a potential upside of 24.65% from the stock's previous close.

AFC Gamma Price Performance

AFC Gamma stock traded down $0.09 during trading hours on Friday, hitting $3.61. 314,974 shares of the company traded hands, compared to its average volume of 206,541. The firm has a market cap of $81.57 million, a P/E ratio of -8.80 and a beta of 1.07. The company has a quick ratio of 3.31, a current ratio of 3.13 and a debt-to-equity ratio of 0.06. The firm's 50-day simple moving average is $4.58 and its two-hundred day simple moving average is $5.73. AFC Gamma has a 1-year low of $3.60 and a 1-year high of $10.88.

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.