Agrify (AGFY) to Release Quarterly Earnings on Wednesday

Agrify (NASDAQ:AGFYGet Rating) will release its earnings data before the market opens on Wednesday, May 11th. Analysts expect Agrify to post earnings of ($0.31) per share for the quarter. Persons that are interested in registering for the company’s earnings conference call can do so using this link.

NASDAQ AGFY opened at $3.14 on Wednesday. The firm has a market cap of $83.34 million, a price-to-earnings ratio of -1.87 and a beta of 2.49. The business has a 50-day moving average price of $4.52 and a 200-day moving average price of $9.59. Agrify has a twelve month low of $2.66 and a twelve month high of $35.94.

A number of hedge funds have recently modified their holdings of the business. Morgan Stanley purchased a new stake in Agrify during the first quarter valued at approximately $40,000. Northern Trust Corp raised its position in Agrify by 19.3% during the fourth quarter. Northern Trust Corp now owns 32,607 shares of the company’s stock valued at $300,000 after purchasing an additional 5,286 shares during the period. Virtu Financial LLC purchased a new stake in Agrify during the fourth quarter valued at approximately $130,000. State Street Corp raised its position in Agrify by 37.9% during the fourth quarter. State Street Corp now owns 56,800 shares of the company’s stock valued at $523,000 after purchasing an additional 15,600 shares during the period. Finally, Citadel Advisors LLC purchased a new stake in Agrify during the second quarter valued at approximately $214,000. Institutional investors and hedge funds own 31.66% of the company’s stock.

A number of research firms have recently weighed in on AGFY. Zacks Investment Research lowered Agrify from a “hold” rating to a “sell” rating in a research note on Monday, March 28th. Alliance Global Partners decreased their target price on Agrify from $32.00 to $15.00 in a research report on Friday, March 25th. Finally, Craig Hallum downgraded Agrify from a “buy” rating to a “hold” rating in a research report on Wednesday, March 23rd. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $22.90.

About Agrify (Get Rating)

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.

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