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: 0.65
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

3.4

Analyst's Opinion

Consensus Rating
Agrify has received a consensus rating of Buy. The company's average rating score is 2.75, and is based on 3 buy ratings, 1 hold rating, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $23.63, Agrify has a forecasted upside of 1,563.7% from its current price of $1.42.
Amount of Analyst Coverage
Agrify has received no research coverage in the past 90 days.

1.0

Short Interest

Percentage of Shares Shorted
13.50% of the float of Agrify has been sold short.
Short Interest Ratio / Days to Cover
Agrify has a short interest ratio ("days to cover") of 10.4, which indicates bearish sentiment.
Change versus previous month
Short interest in Agrify has recently decreased by 1.33%, indicating that investor sentiment is improving.

0.0

Dividend Strength

Dividend Yield
Agrify does not currently pay a dividend.
Dividend Growth
Agrify does not have a long track record of dividend growth.

N/A

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
There is no current Upright™ data available for AGFY.

3.7

News and Social Media Coverage

News Sentiment
Agrify has a news sentiment score of 0.65. 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 higher news sentiment than the 0.42 average news sentiment score of Business Services companies.
News Coverage This Week
MarketBeat has tracked 9 news articles for Agrify this week, compared to 4 articles on an average week.
Search Interest
1 people have searched for AGFY on MarketBeat in the last 30 days.
MarketBeat Follows
4 people have added Agrify to their MarketBeat watchlist in the last 30 days. This is an increase of 100% compared to the previous 30 days.

1.7

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Agrify insiders have bought more of their company's stock than they have sold. Specifically, they have bought $129,598.00 in company stock and sold $0.00 in company stock.
Percentage Held by Insiders
Only 9.40% of the stock of Agrify is held by insiders.
Percentage Held by Institutions
Only 31.66% of the stock of Agrify is held by institutions.

1.3

Earnings and Valuation

Earnings Growth
Earnings for Agrify are expected to grow in the coming year, from ($0.95) to ($0.22) per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Agrify is -0.83, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.
Price to Earnings Ratio vs. Sector
The P/E ratio of Agrify is -0.83, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.
Price to Book Value per Share Ratio
Agrify has a P/B Ratio of 0.22. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

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.

Receive AGFY Stock News and Ratings via Email

Sign-up to receive the latest news and ratings for Agrify and its competitors with MarketBeat's FREE daily newsletter.

AGFY Stock News Headlines

August 11, 2022 | benzinga.com

Bragar Eagel & Squire, P.C. Is Investigating Medallion, RBB, Agrify, and Corcept and Encourages Investors - Benzinga

August 8, 2022 | finance.yahoo.com

Agrify Reschedules Second Quarter 2022 Results Conference Call

August 8, 2022 | americanbankingnews.com

Agrify (AGFY) Set to Announce Quarterly Earnings on Wednesday

August 6, 2022 | streetinsider.com

Top Marijuana Stocks Showing Momentum 1st Week Of August - StreetInsider.com

August 6, 2022 | benzinga.com

Bragar Eagel & Squire, P.C. Is Investigating Energy Vault, Medallion, RBB, and Agrify and Encourages Inve - Benzinga

August 1, 2022 | globenewswire.com

Bragar Eagel & Squire, P.C. Is Investigating Energy Vault, Medallion, RBB, and Agrify and Encourages Investors to Contact the Firm - GlobeNewswire

July 31, 2022 | benzinga.com

Agrify Investor Alert - Benzinga

July 26, 2022 | streetinsider.com

Top Ancillary Cannabis Stocks To Buy? 2 Helping Cannabis Grow - StreetInsider.com

July 22, 2022 | realmoney.thestreet.com

Catch These 2 Cannabis 'Back Door' Plays on the Rebound - RealMoney

July 20, 2022 | benzinga.com

Agrify to Host Second Quarter 2022 Results Conference Call - Benzinga - Benzinga

July 20, 2022 | finance.yahoo.com

Agrify to Host Second Quarter 2022 Results Conference Call

July 14, 2022 | nasdaq.com

4 Best Vertical Farming Stocks to Buy Now - Nasdaq

July 14, 2022 | globenewswire.com

Agrify Strengthens Board of Directors and Executive Leadership Team to Further Advance Long-Term Growth - GlobeNewswire

July 12, 2022 | investorplace.com

4 Best Vertical Farming Stocks to Buy Now - InvestorPlace

July 7, 2022 | seekingalpha.com

urban-gro Produces Growth But Recession Reality May Slow Progress (NASDAQ:UGRO) - Seeking Alpha

July 1, 2022 | seekingalpha.com

Mega Matrix, VerifyMe among industrial gainers, Acacia Research leads losers - Seeking Alpha

June 30, 2022 | streetinsider.com

3 Marijuana Stocks To Watch As July Is Soon To Begin - StreetInsider.com

June 27, 2022 | globenewswire.com

Agrify Enters Highly Attractive New Zealand Cannabis Market with Its End-to-End Cultivation and Extraction Solutions through Sales and SaaS Licensing Agreement with Ora Pharm - GlobeNewswire

June 27, 2022 | finance.yahoo.com

Agrify Enters Highly Attractive New Zealand Cannabis Market with Its End-to-End Cultivation and Extraction Solutions through Sales and SaaS Licensing Agreement with Ora Pharm

June 25, 2022 | streetinsider.com

Bragar Eagel & Squire, PC Is Investigating Novartis, Medallion, RBB, and Agrify and Encourages Investors to Contact the Firm - StreetInsider.com

June 24, 2022 | globenewswire.com

Bragar Eagel & Squire, PC Is Investigating Novartis, - GlobeNewswire

June 24, 2022 | benzinga.com

Bragar Eagel & Squire, P.C. Is Investigating Novartis, Medallion, RBB, and Agrify and Encourages Investor - Benzinga

June 19, 2022 | benzinga.com

Bragar Eagel & Squire, P.C. Is Investigating Medallion, RBB, Agrify, and Unity and Encourages Investors t - Benzinga

June 9, 2022 | streetinsider.com

Top Marijuana Stocks To Watch As Trading In June Continues - StreetInsider.com

June 8, 2022 | globenewswire.com

Bragar Eagel & Squire, PC Is Investigating Agrify, Unity Software, Allianz, and Digital Turbine and Encourages Investors to Contact the Firm - GlobeNewswire

See More Headlines

30 days | 90 days | 365 days | Advanced Chart

Receive AGFY Stock News and Ratings via Email

Sign-up to receive the latest news and ratings for Agrify and its competitors with MarketBeat's FREE daily newsletter.

AGFY Company Calendar

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

Get Stock Alerts

Industry, Sector and Symbol

Stock Exchange: NASDAQ
Industry: Agricultural services
Sub-Industry: N/A
Sector: Business Services
Current Symbol: NASDAQ:AGFY
CUSIP: N/A
CIK: 1800637
Web: www.agrify.com
Phone: 617-896-5243
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

EPS (Most Recent Fiscal Year): ($1.71)
Trailing P/E Ratio: N/A
Forward P/E Ratio: N/A
P/E Growth: N/A
Net Income: $-32,470,000.00
Net Margins: -47.59%
Pretax Margin: -47.59%
Return on Equity: -18.20%
Return on Assets: -13.83%

Debt

Debt-to-Equity Ratio: 0.30
Current Ratio: 3.52
Quick Ratio: 2.59

Sales & Book Value

Annual Sales: $59.86 million
Price / Sales: 0.63
Cash Flow: N/A
Price / Cash Flow: N/A
Book Value: $6.46 per share
Price / Book: 0.22

Miscellaneous

Outstanding Shares: 26,591,000
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

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View All Institutional Transactions

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

30 Days of MarketBeat All Access for $1.00

Best-in-Class Portfolio Monitoring
View the latest news, buy/sell ratings, SEC filings and insider transactions for your stocks. Compare your portfolio performance to leading indices and get personalized stock ideas based on your portfolio.
Stock Ideas and Recommendations
Get daily stock ideas from top-performing Wall Street analysts. Get short term trading ideas from the MarketBeat Idea Engine. View which stocks are hot on social media with MarketBeat's trending stocks report.
Advanced Stock Screeners and Research Tools
Identify stocks that meet your criteria using seven unique stock screeners. See what's happening in the market right now with MarketBeat's real-time news feed. Export data to Excel for your own analysis.

Start Your Risk-Free Trial Subscription Here

Agrify - AGFY Stock Forecast, Price & News

Agrify MarketRank™ Forecast

Overall MarketRank™

Analyst's Opinion

Short Interest

Percentage of Shares Shorted

Short Interest Ratio / Days to Cover

Change versus previous month

Dividend Strength

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score

News and Social Media Coverage

News Sentiment

News Coverage This Week

Search Interest

MarketBeat Follows

Company Ownership

Earnings and Valuation

About Agrify (NASDAQ:AGFY) Stock

Agrify Trading Down 4.0 %

Analyst Ratings Changes

Insider Buying and Selling at Agrify

AGFY Stock News Headlines

AGFY Company Calendar

Industry, Sector and Symbol

Price Target and Rating

Profitability

Debt

Sales & Book Value

Miscellaneous

Key Executives

Key Competitors

Insiders & Institutions

AGFY Stock - Frequently Asked Questions

Should I buy or sell Agrify stock right now?

What is Agrify's stock price forecast for 2022?

How have AGFY shares performed in 2022?

When is Agrify's next earnings date?

How were Agrify's earnings last quarter?

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

When did Agrify IPO?

What is Agrify's stock symbol?

Who are Agrify's major shareholders?

How do I buy shares of Agrify?

What is Agrify's stock price today?

How much money does Agrify make?

How many employees does Agrify have?

How can I contact Agrify?

MarketBeat Resources

Premium Research Tools

Market Data and Calendars

Investing Education and Resources

Overall MarketRank^™