AGRI Stock Summary and Trading Ideas (Agriforce Growing Systems | NASDAQ:AGRI)

AgriFORCE Growing Systems Ltd is an Ag-Tech company with a primary focus on developing and utilizing its intellectual property assets for improvements dedicated to the agricultural industry. The company believes that this goal is best achieved by using its proprietary IP for solutions in the agricultural industry as well as seeking the development of new IP to both enhance the technology which it has already retained in-house as well as development of new technologies which can increase its footprint in the Ag-Tech space. Its AgriFORCE Brands division is focused on the development and commercialization of plant-based ingredients and products that deliver more nutritious food. It will market and commercialize ingredient supplies, like its Awakened Flour and Awakened Grains.

Agriforce Growing Systems trades on the NASDAQ stock market under the symbol AGRI.

As of April 18, 2024, AGRI stock price was flat at $0.15 with 700,839 million shares trading.

AGRI has a beta of 0.31, meaning it tends to be less sensitive to market movements. AGRI has a correlation of 0.00 to the broad based SPY ETF.

AGRI has a market cap of $3.39 million. This is considered a Sub-Micro Cap stock.

AGRI has underperformed the market in the last year with a price return of -99.5% while the SPY ETF gained +22.3%. AGRI has also underperformed the stock market ETF in the last 3 month and 2 week periods returning -59.4% and -11.8%, respectively, while the SPY returned +6.1% and -3.8%, respectively.

AGRI support price is $.14 and resistance is $.16 (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 AGRI stock will trade within this expected range on the day.