Agrify Corp’s recent filing unveils that its CEO and Chairman Chang Raymond Nobu acquired Company’s shares for reported $0.7 million on Feb 28 ’24. In the deal valued at $0.38 per share,1,842,104 shares were bought. As a result of this transaction, Chang Raymond Nobu now holds 3,295,998 shares worth roughly $14.5 million.
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Craig Hallum downgraded its Agrify Corp [AGFY] rating to a Hold from a a Buy in a research note published recently. A number of analysts have revised their coverage, including Alliance Global Partners’s analysts, who began to cover the stock in early November with a ‘”a Buy”‘ rating. Craig Hallum began covering AGFY with “Buy” recommendation on July 23, 2021. Maxim Group started covering the stock on March 01, 2021. It rated AGFY as “a Buy”.
Price Performance Review of AGFY
On Tuesday, Agrify Corp [NASDAQ:AGFY] saw its stock jump 40.13% to $4.40. Over the last five days, the stock has gained 37.93%. Agrify Corp shares have fallen nearly -76.64% since the year began. Nevertheless, the stocks have fallen -82.00% over the past one year. While a 52-week high of $42.00 was reached on 01/18/24, a 52-week low of $2.71 was recorded on 10/11/24. SMA at 50 days reached $3.48, while 200 days put it at $5.17.
Levels Of Support And Resistance For AGFY Stock
The 24-hour chart illustrates a support level at 3.60, which if violated will result in even more drops to 2.80. On the upside, there is a resistance level at 5.42. A further resistance level may holdings at 6.44. The Relative Strength Index (RSI) on the 14-day chart is 66.24, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.10, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 45.93%. Stochastics %K at 29.99% indicates the stock is a holding.
How much short interest is there in Agrify Corp?
A steep rise in short interest was recorded in Agrify Corp stocks on 2024-10-15, growing by 13198.0 shares to a total of 23626.0 shares. Yahoo Finance data shows the prior-month short interest on 2024-09-13 was 10428.0 shares. There was a rise of 55.86%, which implies that there is a positive sentiment for the stock.
The most recent change occurred on February 23, 2021 when ROTH Capital began covering the stock and recommended ‘”a Buy”‘ rating along with a $20 price target.