Forafric Global (AFRI) Stock Price, News & Analysis

Company Overview

Forafric Global Corporation is a Delaware‐incorporated special purpose acquisition company (SPAC) listed on the Nasdaq under the ticker AFRI. Established in 2023, the company was formed to raise capital through an initial public offering for the purpose of identifying and consummating a business combination with one or more operating businesses. As a blank‐check vehicle, Forafric Global does not engage in any commercial operations until it completes a merger, share exchange, asset acquisition, stock purchase or similar transaction.

The company’s investment mandate is focused on growth opportunities across the African continent. While Forafric Global has not yet announced a definitive target, its stated objectives include opportunities in agribusiness, food and beverage, financial services, technology, infrastructure and natural resources. By leveraging the demographic growth and expanding consumer markets in sub‐Saharan Africa, the SPAC aims to partner with management teams to accelerate scaling and create value in undercapitalized sectors.

Funds raised in Forafric Global’s trust account are held pending approval of a qualifying business combination by its shareholders, and the company must complete a transaction within a specified timeframe to avoid liquidation. Upon closing a business combination, the resulting entity will continue as a publicly traded company, providing investors access to private‐company growth potential in emerging African markets.

Key Stats

• Today's Range: $8.20 to $8.60
• 50-Day Range: $7.71 to $9.20
• 52-Week Range: $7.47 to $11.74
• Volume: 10,194 shs
• Average Volume: 14,433 shs
• Market Capitalization: $222.03 million
• P/E Ratio: N/A
• Dividend Yield: N/A
• Price Target: N/A
• Consensus Rating: N/A

AFRI Stock Analysis - Frequently Asked Questions

How have AFRI shares performed this year?

Forafric Global's stock was trading at $10.25 on January 1st, 2025. Since then, AFRI stock has decreased by 19.4% and is now trading at $8.26.

Who are Forafric Global's major shareholders?

Forafric Global's top institutional shareholders include Geode Capital Management LLC (0.19%), Bank of America Corp DE (0.09%), Russell Investments Group Ltd. (0.05%) and Sei Investments Co. (0.04%).

How do I buy shares of Forafric Global?

Shares of AFRI stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.

What other stocks do shareholders of Forafric Global own?

Based on aggregate information from My MarketBeat watchlists, some other companies that Forafric Global investors own include Tesla (TSLA), JPMorgan Chase & Co. (JPM), Meta Platforms (META), NVIDIA (NVDA), Advanced Micro Devices (AMD), Home Depot (HD) and Netflix (NFLX).

Company Calendar

• Today: 9/08/2025
• Fiscal Year End: 12/31/2025

Industry, Sector and Symbol

• Stock Exchange: NASDAQ
• Sector: Consumer Staples
• Industry: AGRI OPERATIONS
• Sub-Industry: Food Products
• Current Symbol: NASDAQ:AFRI
• CIK: 1903870
• Web: forafric.com
• Phone: 01135020072505
• Fax: N/A
• Employees: 1
• Year Founded: N/A

Profitability

• EPS (Trailing Twelve Months): N/A
• Trailing P/E Ratio: N/A
• Forward P/E Ratio: N/A
• P/E Growth: N/A
• Net Income: N/A
• Net Margins: N/A
• Pretax Margin: N/A
• Return on Equity: N/A
• Return on Assets: N/A

Debt

• Debt-to-Equity Ratio: 3.92
• Current Ratio: 0.37
• Quick Ratio: 0.30

Sales & Book Value

• Annual Sales: $274.22 million
• Price / Sales: 0.82
• Cash Flow: N/A
• Price / Cash Flow: N/A
• Book Value: $0.20 per share
• Price / Book: 41.73

Miscellaneous

• Outstanding Shares: 26,880,000
• Free Float: N/A
• Market Cap: $224.31 million
• Optionable: Not Optionable
• Beta: 0.38