Agrify (AGFY) Stock Price, News & Analysis

Company Overview

Agrify Corporation offers hardware and software cultivation and extraction solutions for the cannabis and hemp industry in the United States. It 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. The company also provides associated services comprising consulting, engineering, and construction. In addition, the company offers hydrocarbon, alcohol, solventless, post-processing, and lab equipment, as well as provides indoor farming solutions. In addition, it offers equipment and services in a contract and purchase order. 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 Troy, Michigan.

Key Stats

• Today's Range: $35.84 to $42.00
• 50-Day Range: $2.82 to $62.71
• 52-Week Range: $2.71 to $84.44
• Volume: 71,530 shs
• Average Volume: 312,567 shs
• Market Capitalization: $63.30 million
• P/E Ratio: N/A
• Dividend Yield: N/A
• Price Target: N/A
• Consensus Rating: N/A

Agrify Stock Analysis - MarketRank™

Agrify scored higher than 31% of companies evaluated by MarketBeat, and ranked 255th out of 338 stocks in the business services 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 Agrify.

Earnings and Valuation

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

Price to Earnings Ratio vs. the Market

The P/E ratio of Agrify is -2.95, 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 -2.95, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.

Short Interest

• Score: 4.0 / 5
• Short Interest Level: Healthy

Percentage of Shares Shorted

25.99% 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 0.1, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Agrify has recently decreased by 38.16%, indicating that investor sentiment is improving significantly.

Dividend

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

Dividend Yield

Agrify does not currently pay a dividend.

Dividend Growth

Agrify does not have a long track record of dividend growth.

Sustainability and ESG

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

Percentage of Shares Shorted

25.99% 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 0.1, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Agrify has recently decreased by 38.16%, indicating that investor sentiment is improving significantly.

News and Social Media

• Score: 3.0 / 5
• News Sentiment: 0.40

News Sentiment

Agrify has a news sentiment score of 0.40. 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 0.68 average news sentiment score of Business Services companies.

News Coverage This Week

MarketBeat has tracked 3 news articles for Agrify this week, compared to 2 articles on an average week.

Search Interest

11 people have searched for AGFY on MarketBeat in the last 30 days. This is an increase of 120% compared to the previous 30 days.

MarketBeat Follows

5 people have added Agrify to their MarketBeat watchlist in the last 30 days. This is an increase of 400% compared to the previous 30 days.

Company Ownership

• Score: 3.3 / 5
• Insider Trading: Selling Shares

Insider Buying vs. Insider Selling

In the past three months, Agrify insiders have sold 141.82% more of their company's stock than they have bought. Specifically, they have bought $229,450.00 in company stock and sold $554,865.00 in company stock.

Percentage Held by Insiders

51.00% of the stock of Agrify is held by insiders. A high percentage of insider ownership can be a sign of company health.

Percentage Held by Institutions

Only 5.98% of the stock of Agrify is held by institutions.

AGFY Stock Analysis - Frequently Asked Questions

How have AGFY shares performed this year?

Agrify's stock was trading at $18.8370 on January 1st, 2024. Since then, AGFY shares have increased by 119.6% and is now trading at $41.37.
View the best growth stocks for 2024 here.

How were Agrify's earnings last quarter?

Agrify Co. (NASDAQ:AGFY) announced its earnings results on Sunday, May, 16th. The company reported ($1,680.00) earnings per share (EPS) for the quarter, missing the consensus estimate of ($900.00) by $780.00. The firm earned $7.01 million during the quarter, compared to the consensus estimate of $5.10 million.

When did Agrify's stock split?

Shares of Agrify reverse split before market open on Tuesday, October 8th 2024. The 1-15 reverse split was announced on Friday, October 4th 2024. The number of shares owned by shareholders was adjusted after the closing bell on Monday, October 7th 2024. An investor that had 100 shares of stock prior to the reverse split would have 7 shares after the split.

When did Agrify IPO?

Agrify (AGFY) raised $45 million in an initial public offering (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.

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 Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

What other stocks do shareholders of Agrify own?

Based on aggregate information from My MarketBeat watchlists, some other companies that Agrify investors own include Meta Platforms (META), NVIDIA (NVDA), Advanced Micro Devices (AMD), Tesla (TSLA), Block (SQ), Teladoc Health (TDOC) and Alibaba Group (BABA).

Company Calendar

• Last Earnings: 5/16/2021
• Today: 12/18/2024
• Fiscal Year End: 12/31/2024

Industry, Sector and Symbol

• Stock Exchange: NASDAQ
• Sector: Business Services
• Industry: Agricultural services
• Sub-Industry: Agriculture
• Current Symbol: NASDAQ:AGFY
• CUSIP: N/A
• CIK: 1800637
• Web: www.agrify.com
• Phone: 617-896-5243
• Fax: N/A
• Employees: 140
• Year Founded: N/A

Profitability

• EPS (Most Recent Fiscal Year): ($14.01)
• Trailing P/E Ratio: N/A
• Forward P/E Ratio: N/A
• P/E Growth: N/A
• Net Income: $-18,650,000.00
• Net Margins: -201.01%
• Pretax Margin: -161.86%
• Return on Equity: N/A
• Return on Assets: -50.84%

Debt

• Debt-to-Equity Ratio: 0.80
• Current Ratio: 0.75
• Quick Ratio: 0.10

Sales & Book Value

• Annual Sales: $10.39 million
• Price / Sales: 6.09
• Cash Flow: N/A
• Price / Cash Flow: N/A
• Book Value: ($129.63) per share
• Price / Book: -0.32

Miscellaneous

• Outstanding Shares: 1,530,000
• Free Float: 750,000
• Market Cap: $63.30 million
• Optionable: Not Optionable
• Beta: 10.31