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: $8.22 to $8.42
• 50-Day Range: $7.71 to $9.20
• 52-Week Range: $7.47 to $11.74
• Volume: 4,104 shs
• Average Volume: 11,724 shs
• Market Capitalization: $220.95 million
• P/E Ratio: N/A
• Dividend Yield: N/A
• Price Target: N/A
• Consensus Rating: N/A

Forafric Global Stock Analysis - MarketRank™

Forafric Global scored higher than 2% of companies evaluated by MarketBeat, and ranked 147th out of 147 stocks in the consumer staples sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: N/A
• Analyst Rating: N/A

Consensus Rating

There is not enough analysis data for Forafric Global.

Earnings and Valuation

• Score: 0.0 / 5
• Proj. Earnings Growth: N/A

Price to Book Value per Share Ratio

Forafric Global has a P/B Ratio of 41.10. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

Short Interest

• Score: 1.0 / 5
• Short Interest Level: Bearish

Percentage of Shares Shorted

5.01% of the float of Forafric Global has been sold short.

Short Interest Ratio / Days to Cover

Forafric Global has a short interest ratio ("days to cover") of 19, which indicates bearish sentiment.

Change versus previous month

Short interest in Forafric Global has recently decreased by 3.23%, indicating that investor sentiment is improving.

Dividend

• Score: 0.0 / 5
• Dividend Strength: N/A

Dividend Yield

Forafric Global does not currently pay a dividend.

Dividend Growth

Forafric Global does not have a long track record of dividend growth.

Sustainability and ESG

• Score: N/A
• Environmental Score: N/A

Percentage of Shares Shorted

5.01% of the float of Forafric Global has been sold short.

Short Interest Ratio / Days to Cover

Forafric Global has a short interest ratio ("days to cover") of 19, which indicates bearish sentiment.

Change versus previous month

Short interest in Forafric Global has recently decreased by 3.23%, indicating that investor sentiment is improving.

News and Social Media

• Score: 2.1 / 5
• News Sentiment: N/A

News Sentiment

Forafric Global has a news sentiment score of 0.75. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.86 average news sentiment score of Consumer Staples companies.

News Coverage This Week

MarketBeat has tracked 1 news article for Forafric Global this week, compared to 0 articles on an average week.

Company Ownership

• Score: 0.8 / 5
• Insider Trading: N/A

Insider Buying vs. Insider Selling

In the past three months, Forafric Global insiders have not sold or bought any company stock.

Percentage Held by Insiders

13.50% of the stock of Forafric Global is held by insiders. A high percentage of insider ownership can be a sign of company health.

Percentage Held by Institutions

Only 5.49% of the stock of Forafric Global is held by institutions.

AFRI Stock Analysis - Frequently Asked Questions

How have AFRI shares performed this year?

Forafric Global's stock was trading at $10.25 at the beginning of 2025. Since then, AFRI stock has decreased by 19.8% and is now trading at $8.22.

Who are Forafric Global's major shareholders?

Top institutional investors of Forafric Global 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: 9/05/2025
• 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: 0.81
• Cash Flow: N/A
• Price / Cash Flow: N/A
• Book Value: $0.20 per share
• Price / Book: 41.10

Miscellaneous

• Outstanding Shares: 26,880,000
• Free Float: 23,250,000
• Market Cap: $220.95 million
• Optionable: Not Optionable
• Beta: 0.38