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S&P 500   4,274.04
DOW   33,980.32
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Agilent Technologies Proves Its Worth VS Illumina 
Bargain in Today's Market (SHOCKING) (Ad)pixel
Target’s Results Cap Upside Potential For Retail Stocks 
Wind energy boom and golden eagles collide in the US West
Lowe’s Stands Out Amid Q2 Retail Reports 
Bargain in Today's Market (SHOCKING) (Ad)pixel
Egypt's central bank governor resigns as economic woes mount
Target takes a hit after heavy discounts to clear inventory
Stocks slip on Wall Street, erasing weekly gains for S&P 500
Bargain in Today's Market (SHOCKING) (Ad)pixel
S&P 500   4,274.04
DOW   33,980.32
QQQ   328.49
Agilent Technologies Proves Its Worth VS Illumina 
Bargain in Today's Market (SHOCKING) (Ad)pixel
Target’s Results Cap Upside Potential For Retail Stocks 
Wind energy boom and golden eagles collide in the US West
Lowe’s Stands Out Amid Q2 Retail Reports 
Bargain in Today's Market (SHOCKING) (Ad)pixel
Egypt's central bank governor resigns as economic woes mount
Target takes a hit after heavy discounts to clear inventory
Stocks slip on Wall Street, erasing weekly gains for S&P 500
Bargain in Today's Market (SHOCKING) (Ad)pixel
S&P 500   4,274.04
DOW   33,980.32
QQQ   328.49
Agilent Technologies Proves Its Worth VS Illumina 
Bargain in Today's Market (SHOCKING) (Ad)pixel
Target’s Results Cap Upside Potential For Retail Stocks 
Wind energy boom and golden eagles collide in the US West
Lowe’s Stands Out Amid Q2 Retail Reports 
Bargain in Today's Market (SHOCKING) (Ad)pixel
Egypt's central bank governor resigns as economic woes mount
Target takes a hit after heavy discounts to clear inventory
Stocks slip on Wall Street, erasing weekly gains for S&P 500
Bargain in Today's Market (SHOCKING) (Ad)pixel
NASDAQ:AGFY

Agrify - AGFY Stock Forecast, Price & News

$1.29
-0.09 (-6.52%)
(As of 08/17/2022 12:00 AM ET)
Add
Compare
Today's Range
$1.29
$1.35
50-Day Range
$1.29
$2.54
52-Week Range
$1.26
$35.94
Volume
704,668 shs
Average Volume
603,810 shs
Market Capitalization
$34.30 million
P/E Ratio
N/A
Dividend Yield
N/A
Price Target
$21.17

Agrify MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.50 Rating Score
Upside/​Downside
810.9% Upside
$11.75 Price Target
Short Interest
Bearish
13.50% of Float Sold Short
Dividend Strength
N/A
Sustainability
N/A
News Sentiment
0.20mentions of Agrify in the last 14 days
Based on 12 Articles This Week
Insider Trading
Acquiring Shares
$12,500 Bought Last Quarter
Proj. Earnings Growth
Growing
From ($1.01) to ($0.35) Per Share

Overall MarketRank

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

1.89 out of 5 stars

Business Services Sector

268th out of 344 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.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on the company. Alliance Global Partners decreased their target price on Agrify from $15.00 to $11.00 in a research note on Thursday, May 12th. Roth Capital cut Agrify from a "buy" rating to a "neutral" rating in a research note on Tuesday.

Agrify Stock Performance

Shares of NASDAQ:AGFY traded down $0.06 during midday trading on Wednesday, reaching $1.32. 3,605 shares of the company traded hands, compared to its average volume of 605,935. The company has a quick ratio of 2.59, a current ratio of 3.52 and a debt-to-equity ratio of 0.30. Agrify has a 12 month low of $1.26 and a 12 month high of $35.94. The firm has a market capitalization of $35.10 million, a price-to-earnings ratio of -0.28 and a beta of 1.69. The firm's fifty day moving average price is $1.82 and its two-hundred day moving average price is $3.49.

Agrify (NASDAQ:AGFY - Get Rating) last posted its quarterly earnings data on Monday, August 15th. The company reported ($3.51) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.43) by ($3.08). Agrify had a negative return on equity of 30.14% and a negative net margin of 145.07%. During the same period in the previous year, the firm earned ($0.28) earnings per share. On average, equities analysts expect that Agrify will post -1.01 earnings per share for the current year.

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AGFY Stock News Headlines

Agrify (NASDAQ:AGFY) Downgraded to "Neutral" at Roth Capital
Recap: Agrify Q2 Earnings - Benzinga
Agrify Announces Results for Second Quarter 2022
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
8/15/2022
Today
8/17/2022
Next Earnings (Estimated)
11/09/2022
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
$11.75
High Stock Price Forecast
$12.50
Low Stock Price Forecast
$11.00
Forecasted Upside/Downside
+1,540.8%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.50
Research Coverage
3 Analysts

Profitability

Net Income
$-32,470,000.00
Net Margins
-145.07%
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
$34.30 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?

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.
View AGFY analyst ratings
or view top-rated stocks.

What is Agrify's stock price forecast for 2022?

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.
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 at the beginning of 2022. Since then, AGFY stock has decreased by 86.0% and is now trading at $1.29.
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 Wednesday, November 9th 2022.
View our AGFY earnings forecast
.

How were Agrify's earnings last quarter?

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.

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

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.

When did Agrify IPO?

(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.

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 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%).
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 $1.29.

How much money does Agrify make?

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.

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 8/18/2022 by MarketBeat.com Staff

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