Agrify - AGFY Stock Forecast, Price & News

3 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Agrify in the last twelve months. There are currently 2 hold ratings and 1 buy rating for the stock. The consensus among Wall Street research analysts is that investors should "hold" AGFY shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in AGFY, but not buy additional shares or sell existing shares.
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3 Wall Street analysts have issued 12-month price targets for Agrify's shares. Their AGFY share price forecasts range from $11.00 to $12.50. On average, they anticipate the company's share price to reach $11.75 in the next twelve months. This suggests a possible upside of 810.9% from the stock's current price.
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Agrify's stock was trading at $9.20 at the beginning of 2022. Since then, AGFY stock has decreased by 86.0% and is now trading at $1.29.
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The company is scheduled to release its next quarterly earnings announcement on Wednesday, November 9th 2022.
View our AGFY earnings forecast.

Agrify Co. (NASDAQ:AGFY) posted its quarterly earnings data on Monday, August, 15th. The company reported ($3.51) earnings per share for the quarter, missing the consensus estimate of ($0.43) by $3.08. Agrify had a negative trailing twelve-month return on equity of 30.14% and a negative net margin of 145.07%. During the same quarter in the previous year, the firm posted ($0.28) EPS.

Agrify updated its second quarter 2022 earnings guidance on Tuesday, August, 16th. The company provided EPS 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.

(AGFY) raised $45 million in an initial public offering 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 served as the underwriters for the IPO.

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

Agrify's stock is owned by a variety 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 Renaissance Technologies LLC (0.33%).
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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.
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One share of AGFY stock can currently be purchased for approximately $1.29.

Agrify (NASDAQ:AGFY) has a market capitalization of $34.30 million and generates $59.86 million in revenue each year. The company earns $-32,470,000.00 in net income (profit) each year or ($4.94) on an earnings per share basis.

The company employs 136 workers across the globe.

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.