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US Dollar Replaced By "Biden Bucks"? (Ad)
Solar Stocks Shine Brightly After Passage Of Clean Energy Bill
Large And Small Oil-And-Gas Stocks See Post-Earnings Bounce
Closing prices for crude oil, gold and other commodities
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DOW   33,336.67
QQQ   324.08
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Why Invest in High-Yield Dividend Stocks?
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Solar Stocks Shine Brightly After Passage Of Clean Energy Bill
Large And Small Oil-And-Gas Stocks See Post-Earnings Bounce
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NASDAQ:AGFY

Agrify - AGFY Stock Forecast, Price & News

$1.42
+0.09 (+6.77%)
(As of 08/11/2022 12:00 AM ET)
Add
Compare
Today's Range
$1.41
$1.58
50-Day Range
$1.33
$2.77
52-Week Range
$1.26
$35.94
Volume
569,929 shs
Average Volume
563,812 shs
Market Capitalization
$37.76 million
P/E Ratio
N/A
Dividend Yield
N/A
Price Target
$23.63

Agrify MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.75 Rating Score
Upside/​Downside
1,563.7% Upside
$23.63 Price Target
Short Interest
Bearish
13.50% of Float Sold Short
Dividend Strength
N/A
Sustainability
N/A
News Sentiment
0.65mentions of Agrify in the last 14 days
Based on 9 Articles This Week
Insider Trading
Acquiring Shares
$129,598 Bought Last Quarter
Proj. Earnings Growth
Growing
From ($0.95) to ($0.22) Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.11 out of 5 stars

Business Services Sector

194th out of 338 stocks

Agricultural Services Industry

4th out of 4 stocks

AGFY stock logo

About Agrify (NASDAQ:AGFY) Stock

Agrify Corporation develops precision hardware and software cultivation and extraction solutions for the cannabis and hemp industry in the United States. The company offers vertical farming units and Agrify Insights Software-as-a-Service software; integrated grow racks and LED grow lights; and non-proprietary products designed, engineered, and manufactured by third parties, such as air cleaning systems and pesticide-free surface protection products. It also provides associated services comprising consulting, engineering, and construction. The company was formerly known as Agrinamics, Inc. and changed its name to Agrify Corporation in September 2019. Agrify Corporation was incorporated in 2016 and is headquartered in Billerica, Massachusetts.

Agrify Trading Down 4.0 %

Agrify stock opened at $1.33 on Thursday. The stock has a 50-day simple moving average of $1.91 and a 200 day simple moving average of $3.64. The company has a debt-to-equity ratio of 0.30, a quick ratio of 2.59 and a current ratio of 3.52. The stock has a market capitalization of $35.36 million, a P/E ratio of -0.78 and a beta of 1.69. Agrify has a 52 week low of $1.26 and a 52 week high of $35.94.

Agrify (NASDAQ:AGFY - Get Rating) last issued its quarterly earnings data on Wednesday, May 11th. The company reported ($0.36) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.31) by ($0.05). Agrify had a negative return on equity of 18.20% and a negative net margin of 47.59%. The company had revenue of $26.02 million for the quarter, compared to analyst estimates of $25.24 million. During the same quarter last year, the business earned ($0.33) earnings per share. Analysts expect that Agrify will post -0.95 earnings per share for the current year.

Analyst Ratings Changes

Separately, Alliance Global Partners reduced their price target on Agrify from $15.00 to $11.00 in a report on Thursday, May 12th.

Insider Buying and Selling at Agrify

In related news, CEO Raymond Nobu Chang bought 10,000 shares of the firm's stock in a transaction on Monday, May 16th. The shares were purchased at an average price of $2.61 per share, with a total value of $26,100.00. Following the completion of the purchase, the chief executive officer now owns 10,000 shares in the company, valued at approximately $26,100. The acquisition was disclosed in a legal filing with the SEC, which is available at the SEC website. Insiders bought a total of 49,600 shares of company stock worth $129,598 over the last three months. Corporate insiders own 9.40% of the company's stock.

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AGFY Stock News Headlines

Agrify (AGFY) Set to Announce Quarterly Earnings on Wednesday
Agrify Investor Alert - Benzinga
See More Headlines
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AGFY Company Calendar

Last Earnings
5/16/2021
Today
8/11/2022
Next Earnings (Confirmed)
8/15/2022
Fiscal Year End
12/31/2022

Industry, Sector and Symbol

Industry
Agricultural services
Sub-Industry
N/A
Current Symbol
NASDAQ:AGFY
Fax
N/A
Employees
136
Year Founded
N/A

Price Target and Rating

Average Stock Price Forecast
$23.63
High Stock Price Forecast
$40.00
Low Stock Price Forecast
$11.00
Forecasted Upside/Downside
+1,563.7%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.75
Research Coverage
4 Analysts

Profitability

Net Income
$-32,470,000.00
Pretax Margin
-47.59%

Debt

Sales & Book Value

Annual Sales
$59.86 million
Book Value
$6.46 per share

Miscellaneous

Free Float
24,091,000
Market Cap
$37.76 million
Optionable
Not Optionable
Beta
1.69

Key Executives

  • Mr. Raymond Nobu Chang Jr. (Age 51)
    CEO, Chairman & Corp. Sec.
    Comp: $646.95k
  • Mr. Thomas L. Massie (Age 61)
    Pres, COO & Director
    Comp: $572.24k
  • Mr. Timothy R. Oakes (Age 54)
    Chief Financial Officer
    Comp: $120.26k
  • Mr. David Kessler
    Chief Scientific Officer
  • Mr. Steve Drucker
    Chief Information Officer & Exec. VP of Software
  • Mr. Kenneth H. Klapproth
    Sr. VP of Marketing
  • Sheryl Elliott
    Sr. Director of HR
  • Mr. Robert Reed Harrison (Age 50)
    Sr. VP of Manufacturing Operations
  • Mr. Christopher J. Benyo (Age 60)
    Sr. VP & GM













AGFY Stock - Frequently Asked Questions

Should I buy or sell Agrify stock right now?

4 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Agrify in the last year. There are currently 1 hold rating and 3 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" AGFY shares.
View AGFY analyst ratings
or view top-rated stocks.

What is Agrify's stock price forecast for 2022?

4 equities research analysts have issued 1 year target prices for Agrify's stock. Their AGFY share price forecasts range from $11.00 to $40.00. On average, they anticipate the company's share price to reach $23.63 in the next year. This suggests a possible upside of 1,563.7% from the stock's current price.
View analysts price targets for AGFY
or view top-rated stocks among Wall Street analysts.

How have AGFY shares performed in 2022?

Agrify's stock was trading at $9.20 on January 1st, 2022. Since then, AGFY shares have decreased by 84.6% and is now trading at $1.42.
View the best growth stocks for 2022 here
.

When is Agrify's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Monday, August 15th 2022.
View our AGFY earnings forecast
.

How were Agrify's earnings last quarter?

Agrify Co. (NASDAQ:AGFY) released its quarterly earnings results on Sunday, May, 16th. The company reported ($0.56) EPS for the quarter, missing the consensus estimate of ($0.30) by $0.26. The firm had revenue of $7.01 million for the quarter, compared to analysts' expectations of $5.10 million. Agrify had a negative net margin of 47.59% and a negative trailing twelve-month return on equity of 18.20%.

What guidance has Agrify issued on next quarter's earnings?

Agrify issued an update on its second quarter 2022 earnings guidance on Tuesday, August, 9th. The company provided earnings per share guidance of for the period. The company issued revenue guidance of $19.30 million-$19.30 million, compared to the consensus revenue estimate of $28.93 million.

When did Agrify IPO?

(AGFY) raised $45 million in an IPO on Thursday, January 28th 2021. The company issued 5,000,000 shares at a price of $8.00-$10.00 per share. Maxim Group and Roth Capital Partners acted as the underwriters for the IPO.

What is Agrify's stock symbol?

Agrify trades on the NASDAQ under the ticker symbol "AGFY."

Who are Agrify's major shareholders?

Agrify's stock is owned by a number of retail and institutional investors. Top institutional investors include AdvisorShares Investments LLC (3.66%), Merlin Capital LLC (1.32%), IQ EQ FUND MANAGEMENT IRELAND Ltd (1.04%), Perkins Capital Management Inc. (0.67%), Mirae Asset Global Investments Co. Ltd. (0.54%) and JPMorgan Chase & Co. (0.06%).
View institutional ownership trends
.

How do I buy shares of Agrify?

Shares of AGFY stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

What is Agrify's stock price today?

One share of AGFY stock can currently be purchased for approximately $1.42.

How much money does Agrify make?

Agrify (NASDAQ:AGFY) has a market capitalization of $37.76 million and generates $59.86 million in revenue each year. The company earns $-32,470,000.00 in net income (profit) each year or ($1.71) on an earnings per share basis.

How many employees does Agrify have?

The company employs 136 workers across the globe.

How can I contact Agrify?

Agrify's mailing address is 101 Middlesex Turnpike Suite 6 PMB 326, Burlington MA, 01803. The official website for the company is www.agrify.com. The company can be reached via phone at 617-896-5243 or via email at ir@mattio.com.

This page (NASDAQ:AGFY) was last updated on 8/12/2022 by MarketBeat.com Staff

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