Streetbeat News

AGFY

Agrify Corporation

https://www.agrify.com

Industry

Engineering & Construction

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. It also provides associated services comprising consulting, engineering, and construction. 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 Billerica, Massachusetts.

Open

12.92

Mkt cap

19M

Volume

565K

High

17.80

P/E Ratio

1.62

52-wk high

42.00

Low

12.91

Div yield

N/A

52-wk low

2.71

Agrify (NASDAQ:AGFY) reported a Q2 loss of $4.39 per share with sales totaling $5.07 million.

Portfolio Pulse from Benzinga Newsdesk

December 12, 2023 | 12:23 pm

Agrify Corporation (NASDAQ:AGFY) reported Q1 earnings with a loss of $9.63 per share, surpassing the estimated loss of $20.20 per share. However, the company's sales of $5.80 million fell short of the $14.05 million estimate, marking a significant decrease from the $26.02 million in sales reported in the same period last year.

Portfolio Pulse from Benzinga Newsdesk

November 28, 2023 | 1:08 pm

In Wednesday's after-market session, several industrial stocks saw movement. ESGL Holdings, Ideanomics, Microvast Holdings, Laser Photonics, Velo3D, and Dragonfly Energy Holdings experienced gains, with ESGL leading at an 8.5% increase. Conversely, ATIF Holdings, WANG & LEE Group, Momentus, Staffing 360 Solutions, Agrify, and Advent Technologies Holdings faced declines, with ATIF Holdings dropping the most at 29.7%. Ideanomics' rise followed their Q3 earnings release.

Portfolio Pulse from Benzinga Insights

November 22, 2023 | 9:31 pm

Agrify Corporation (AGFY) has received a notification from Nasdaq regarding non-compliance with the minimum bid price requirement. The company's stock has closed below the minimum $1 per share for 30 consecutive business days. Agrify now has a compliance period of 180 calendar days to regain compliance by maintaining a closing bid price of at least $1 per share for a minimum of 10 consecutive business days.

Portfolio Pulse from Benzinga Newsdesk

November 22, 2023 | 9:01 pm

Agrify Corporation (NASDAQ:AGFY), a provider of cultivation and extraction solutions for the cannabis industry, has received an extended stay of suspension from Nasdaq. The company was notified of a potential delisting due to non-compliance with Nasdaq Listing Rule 5250(c)(1), which requires timely filing of all required periodic financial reports. Agrify has not filed its Annual Report for the fiscal year ended December 31, 2022, and the Quarterly Reports for the fiscal quarters ended March 31, 2023, and June 30, 2023. The company plans to complete and file the delinquent reports.

Portfolio Pulse from Benzinga Newsdesk

November 08, 2023 | 10:41 pm

Agrify Corporation (AGFY) has announced that CP Acquisition LLC and its existing institutional lender have signed an agreement under which CP Acquisition purchased all of the outstanding convertible and senior secured notes of Agrify held by the existing lender. CP Acquisition also plans to participate in a future equity raise to inject new capital into the company. The company's CEO, Raymond Chang, is one of the principals of CP Acquisition. The debt reduction and potential for future capital injections position Agrify to rebound and reestablish itself as a preeminent solution provider for the cannabis industry.

Portfolio Pulse from Jelena Martinovic

October 31, 2023 | 3:47 pm

Several industrial stocks experienced significant movement in Monday's after-market session. Momentus, Astra Space, Vertical Aerospace, Safe & Green Holdings, Advent Technologies Hldgs, and Trex Co saw gains, while Agrify, Applied UV, Performance Shipping, AERWINS Technologies, Intuitive Machines, and NET Power saw losses. Trex Co also released its Q3 earnings.

Portfolio Pulse from Benzinga Insights

October 30, 2023 | 9:31 pm

Shares of broader industrial stocks are experiencing a downturn due to overall market weakness.

Portfolio Pulse from Benzinga Newsdesk

October 25, 2023 | 7:56 pm

In Tuesday's pre-market session, several industrials stocks experienced significant movement. AERWINS Technologies, Bridger Aerospace Gr, Agrify, Terran Orbital, Laser Photonics, and Tigo Energy saw gains, while Performance Shipping, TrueBlue, Markforged Holding, Addentax Group, TransUnion, and C3is experienced losses. TrueBlue and TransUnion's losses followed their Q3 earnings reports.

Portfolio Pulse from Benzinga Insights

October 24, 2023 | 1:06 pm

During Monday's intraday session, several industrials stocks experienced significant movements. Gainers included Textainer Group Hldgs (TGH), Navios Maritime Hldgs (NM), Bridger Aerospace Gr (BAER), Jayud Global Logistics (JYD), Manitex International (MNTX), and Astra Space (ASTR). Losers included Li-Cycle Holdings (LICY), Agrify (AGFY), Tritium DCFC (DCFC), WANG & LEE Group (WLGS), JanOne (JAN), and ShiftPixy (PIXY).

Portfolio Pulse from Benzinga Insights

October 23, 2023 | 5:31 pm

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