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

In Wednesday's pre-market session, several industrial stocks showed significant movement. NeoVolta, Powell Industries, Agrify, Surf Air Mobility, Plug Power, and Sidus Space were among the gainers, with NeoVolta leading at a 34.5% increase. Conversely, Nuvve Holding, American Superconductor, Polar Power, Ault Alliance, Robert Half, and Rockwell Automation experienced declines, with Nuvve Holding dropping the most at 31.1%. Notably, Powell Industries, Robert Half, and Rockwell Automation had recent earnings reports that may have influenced their stock movements.

Portfolio Pulse from Benzinga Insights

January 31, 2024 | 1:05 pm

In Tuesday's after-market session, several industrial stocks saw movements. Gainers included Aqua Metals (AQMS), Northann (NCL), TuSimple Hldgs (TSP), Agrify (AGFY), C3is (CISS), and Knightscope (KSCP), with increases ranging from 2.48% to 9.4%. Losers were American Superconductor (AMSC), iSun (ISUN), Nuvve Holding (NVVE), Guardforce AI Co (GFAI), Toro (TORO), and Swvl Hldgs (SWVL), with declines between 2.55% and 11.0%. Notably, AMSC's drop followed its Q3 earnings report released four days ago.

Portfolio Pulse from Benzinga Insights

January 30, 2024 | 9:31 pm

During Tuesday's intraday session, several industrial stocks experienced significant movements. Nuvve Holding (NVVE) saw a substantial increase of 83.4%, while Sidus Space (SIDU) faced a sharp decline of 43.0%. Other notable gainers included Agrify (AGFY), C3is (CISS), Intuitive Machines (LUNR), Surf Air Mobility (SRFM), and Swvl Hldgs (SWVL). Conversely, Richtech Robotics (RR), EHang Holdings (EH), AgEagle Aerial Sys (UAVS), and View (VIEW) were among the losers.

Portfolio Pulse from Benzinga Insights

January 30, 2024 | 5:31 pm

JetBlue Airways Corp (NASDAQ:JBLU) shares fell over 5% after reporting Q4 FY23 results with a decline in operating revenue by 3.7% Y/Y to $2.33 billion, beating estimates but with an adjusted loss per share of 19 cents. The company anticipates a revenue decline in Q1 FY24. Other stocks mentioned include Pixelworks, Inc. (NASDAQ:PXLW), Agrify Corporation (NASDAQ:AGFY), Sanmina Corporation (NASDAQ:SANM), Sidus Space, Inc. (NASDAQ:SIDU), 60 Degrees Pharmaceuticals, Inc. (NASDAQ:SXTP), and Calix, Inc. (NYSE:CALX), which experienced significant price movements after various announcements. Crude oil gained 1%, and U.S. stocks traded mostly lower with the Nasdaq Composite down over 50 points.

Portfolio Pulse from Avi Kapoor

January 30, 2024 | 5:08 pm

Agrify Corporation's stock (AGFY) is trading higher following a 13D filing that revealed I-Tseng Jenny Chan has acquired a 49.99% stake in the company. This significant ownership indicates a potentially active role in the company's management or policies.

Portfolio Pulse from Benzinga Newsdesk

January 30, 2024 | 2:10 pm

In Tuesday's pre-market session, several industrial stocks showed significant movement. Agrify (AGFY) saw a substantial increase of 60.6%, while Sidus Space (SIDU) experienced a sharp decline of 45.3%. Other notable gainers include C3is (CISS), Mega Matrix (MPU), AERWINS Technologies (AWIN), Greenwave Tech Solns (GWAV), and Innodata (INOD). On the losing side, View (VIEW), Toro (TORO), Exela Technologies (XELA), Addentax Group (ATXG), and United Parcel Service (UPS) saw their stock prices fall, with UPS reporting Q4 earnings.

Portfolio Pulse from Benzinga Insights

January 30, 2024 | 1:05 pm

I-Tseng Jenny Chan reported a 49.99% stake in Agrify Corporation (AGFY) through a 13D filing on Monday. Following the news, AGFY shares surged 64% in premarket trading.

Portfolio Pulse from Charles Gross

January 30, 2024 | 10:37 am

In Monday's pre-market session, several industrial stocks experienced significant movements. Graphex Gr (GRFX) saw a 17.6% increase, while McGrath RentCorp (MGRC) rose by 9.26%. Advent Technologies (ADN) was up 7.19%, Mega Matrix (MPU) increased by 6.79%, Greenwave Tech Solns (GWAV) by 6.66%, and AERWINS Technologies (AWIN) by 6.47%. On the downside, Richtech Robotics (RR) dropped by 13.5%, Professional Diversity (IPDN) by 11.49%, Jayud Global Logistics (JYD) by 7.52%, WANG & LEE Group (WLGS) by 7.19%, Nxu (NXU) by 6.96%, and Agrify (AGFY) by 6.25%.

Portfolio Pulse from Benzinga Insights

January 29, 2024 | 1:06 pm

The article highlights three industrial stocks that are considered oversold based on their Relative Strength Index (RSI) values, suggesting potential for growth this quarter. Agrify Corporation (AGFY) announced a sales agreement with a California-based cannabis operator but saw a 33% stock decline over five days. SES AI Corporation (SES) reported a narrower-than-expected Q3 loss and is nearing a significant milestone with its automotive B-sample for Li-Metal batteries, despite an 18% stock decline over five days. Spirit Airlines (SAVE) experienced a 62% stock decline over the past month after JetBlue Airways disclosed issues with complying with provisions of their merger deal.

Portfolio Pulse from Avi Kapoor

January 29, 2024 | 12:33 pm

During Thursday's intraday session, several industrial stocks experienced significant movements. American Superconductor (AMSC) and United Rentals (URI) saw gains after releasing their Q3 and Q4 earnings, respectively. Other gainers included C3is (CISS), American Rebel Holdings (AREB), TuSimple Hldgs (TSP), and Knightscope (KSCP). Conversely, 1847 Holdings (EFSH), Energy Focus (EFOI), Nxu (NXU), Agrify (AGFY), Concentrix (CNXC), and ATIF Holdings (ATIF) faced declines.

Portfolio Pulse from Benzinga Insights

January 25, 2024 | 5:31 pm

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