AGFS Stock Summary and Trading Ideas (Agrofresh Solutions | NASDAQ:AGFS)

AgroFresh Solutions Inc creates agricultural technologies that preserve the quality and value of fresh produce and flowers. One such product is SmartFresh, which blocks the effects of ethylene and delays ripening while leaving no visible residue. Geographically, it operates in North America, Latin America, EMEA, and Asia-Pacific. The majority of sales are recognized in the EMEA region. The firm provides its solutions to growers, packers, and retailers. Its operating segment includes AgroFresh Core and Tecnidex. The company generates maximum revenue from AgroFresh Core segment.

Agrofresh Solutions trades on the NASDAQ stock market under the symbol AGFS.

As of September 27, 2023, AGFS stock price was flat at $3.00 with million shares trading.

AGFS has a market cap of $161.15 million. This is considered a Micro Cap stock.

Last quarter Agrofresh Solutions reported $49 million in Revenue and -$.29 earnings per share. This fell short of revenue expectation by $-3 million and missed earnings estimates by -$.20.

In the last 3 years, AGFS stock traded as high as $3.01 and as low as $1.46.

AGFS has outperformed the market in the last year with a price return of +85.2% while the SPY ETF gained +18.7%. AGFS has also outperformed the stock market ETF in the last 3 month and 2 week periods returning 0.0% and 0.0%, respectively, while the SPY returned -0.9% and -4.1%, respectively.

AGFS support price is $3.00 and resistance is $3.00 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that AGFS stock will trade within this expected range on the day.