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

U.S. stocks traded mixed with the Dow up 0.19% and the Nasdaq down 0.41%. Centene Corporation reported better-than-expected Q4 results, with sales up 11% Y/Y. Tenax Therapeutics, Palantir Technologies, and Agrify Corporation saw significant stock increases, while Sunworks, BioRestorative Therapies, and Peraso Inc. experienced major declines. Oil prices rose by 1.2%.

Portfolio Pulse from Avi Kapoor

February 06, 2024 | 5:08 pm

Agrify Corp (NASDAQ:AGFY) shares surged 34% to $0.86 after announcing the installation of its PX-30 Hydrocarbon Extraction System at Lume Cannabis's facility in Michigan. The PX-30 represents an advancement in hydrocarbon extraction technology, aiming to meet the growing demand for premium extracts. This move signifies Agrify's commitment to innovation and customer satisfaction, as highlighted by Lume Cannabis's Lab Manager's positive feedback on the support provided by Agrify's subsidiary, Precision Extraction Solutions.

Portfolio Pulse from Henry Khederian

February 06, 2024 | 4:21 pm

Agrify's stock price increased following the announcement of a successful installation of a PX-30 Hydrocarbon Extraction System at a customer's facility in Michigan.

Portfolio Pulse from Benzinga Newsdesk

February 06, 2024 | 4:21 pm

Agrify Corporation (NASDAQ:AGFY) announced the successful installation of its PX-30 Hydrocarbon Extraction System at Lume Cannabis' Michigan facility. This system, the largest in Agrify's PX-Extraction series, represents a significant advancement in extraction technology, designed to enhance efficiency and precision. The installation marks a milestone for Agrify, emphasizing its commitment to providing innovative solutions to the cannabis and hemp industries. Lume Cannabis upgraded to the PX-30 to meet the growing demand for premium extracts, highlighting the system's high extraction efficiency, operational design, and compliance with safety standards.

Portfolio Pulse from Benzinga Newsdesk

February 06, 2024 | 4:04 pm

U.S. stocks traded higher with the Dow Jones gaining over 100 points. Eli Lilly reported better-than-expected Q4 earnings, with a 28% Y/Y revenue increase to $9.35 billion and an adjusted EPS of $2.49. InVivo Therapeutics, Tenax Therapeutics, and Agrify Corporation saw significant stock price increases, while Sunworks, BioRestorative Therapies, and Peraso Inc. experienced notable declines. Oil and gold saw minor price movements.

Portfolio Pulse from Avi Kapoor

February 06, 2024 | 2:52 pm

In Tuesday's pre-market session, several industrials stocks showed significant movement. Agrify (AGFY) led the gainers with a 56.2% increase, while Sunworks (SUNW) experienced the largest drop among the losers, falling 56.0%. Notably, AGCO's stock rose by 7.5% following their Q4 earnings release, and Symbotic (SYM) saw a 16.74% decrease after their Q1 earnings report.

Portfolio Pulse from Benzinga Insights

February 06, 2024 | 1:06 pm

In Monday's after-market session, several industrials stocks showed notable movements. Amprius Technologies, Azul, Wheels Up Experience, Nauticus Robotics, Kforce, and Momentus were among the gainers, with increases ranging from 4.21% to 4.9%. On the downside, Symbotic, C3is, Pineapple Energy, Royalty Management Holdings, Agrify, and Greenland Technologies experienced declines between 3.86% and 19.4%. Kforce's rise followed its Q4 earnings release, while Symbotic's drop was linked to its Q1 earnings report.

Portfolio Pulse from Benzinga Insights

February 05, 2024 | 9:31 pm

In Friday's pre-market session, there were notable movements in the industrials sector stocks. Roma Green Finance, C3is, American Rebel Holdings, Rocket Lab USA, Construction Partners, and Greenwave Tech Solns saw gains, while Agrify, Getaround, Multi Ways Holdings, Safe & Green Holdings, Hyliion Holdings, and Satellogic experienced declines. The movements were attributed to various market dynamics, impacting the companies' stock prices.

Portfolio Pulse from Benzinga Insights

February 02, 2024 | 1:06 pm

Aurora Cannabis Inc. (NASDAQ:ACB) is maintaining its financial forecasts, aiming for positive annual adjusted EBITDA and free cash flow in 2024, alongside a share consolidation strategy to meet Nasdaq's requirements. Agrify Corporation (NASDAQ:AGFY) has secured its Nasdaq listing through strategic financial maneuvers, including debt conversion and equity issuance, improving its equity position.

Portfolio Pulse from Nicolás Jose Rodriguez

February 01, 2024 | 8:24 pm

In Wednesday's after-market session, several industrial stocks saw significant movement. Earlyworks Co (ELWS) and NEXTracker (NXT) were among the gainers, with ELWS rising 13.3% and NXT increasing by 11.59% after Q3 earnings release. Ault Alliance (AULT), Aqua Metals (AQMS), Markforged Holding (MKFG), and Sunworks (SUNW) also saw gains. On the losing side, Rocket Lab USA (RKLB) dropped 12.2%, while Sentage Hldgs (SNTG), Nuburu (BURU), Agrify (AGFY), C.H. Robinson Worldwide (CHRW), and FiscalNote Holdings (NOTE) experienced declines, with CHRW falling after Q4 earnings release.

Portfolio Pulse from Benzinga Insights

January 31, 2024 | 9:31 pm

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