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Agrify Corporation (AGFY)

NASDAQ: AGFY · Delayed Price · USD
22.94
+0.30 (1.33%)
After-hours:Sep 24, 2021 7:59 PM EDT
22.64
-2.85 (-11.18%)
At close: Sep 24, 4:00 PM
Market Cap465.44M
Revenue (ttm)26.00M
Net Income (ttm)n/a
Shares Out20.56M
EPS (ttm)-2.46
PE Ration/a
Forward PEn/a
Dividendn/a
Ex-Dividend Daten/a
Volume1,147,969
Open24.72
Previous Close25.49
Day's Range22.28 - 25.49
52-Week Range6.81 - 35.94
Betan/a
AnalystsBuy
Price Target34.33 (+51.6%)
Est. Earnings DateNov 11, 2021

About AGFY

Agrify Corporation develops precision hardware and software grow solutions for the indoor agriculture marketplace primarily in the United States. It offers vertical farming units, 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. The company also provides associated services comprising consulting, engineering, and construction. The company was formerly known as Agrinamics, Inc. and changed ...

IndustryMachinery
IPO DateJan 28, 2021
Employees57
Stock ExchangeNASDAQ
Ticker SymbolAGFY
Full Company Profile

Financial Performance

In 2020, Agrify's revenue was $12.09 million, an increase of 195.67% compared to the previous year's $4.09 million. Losses were -$21.62 million, 610.6% more than in 2019.

Financial Statements

Analyst Forecast

According to 4 analysts, the average rating for Agrify stock is "Buy." The 12-month stock price forecast is 34.33, which is an increase of 51.63% from the latest price.

Price Target
$34.33
(51.63% upside)
Analyst Consensus: Buy

News

2 Cannabis Stocks That Can Soar Even if the U.S. Doesn't Legalize Marijuana

Their businesses don't deal with the marijuana plant directly, so they can freely expand and grow across the country.

Other symbols:SMG
2 weeks ago - The Motley Fool

Agrify's CEO Sends the Cannabis Stock Crashing Wednesday

Agrify shares plunge the first trading day of September after the market gets a hint of insider selling.

3 weeks ago - The Motley Fool

Agrify Seeks to Stabilize the Risky Business of Growing Cannabis with its Smart Cultivation Software

Image provided by Agrify The business of growing cannabis remains a challenging one. From ever-changing regulations to the lack of access to capital to the inconsistency of the plants themselves, growin...

1 month ago - Benzinga

Why Marijuana Stock Agrify Soared Then Plunged Today

The pot stock is cooling off after a short squeeze, but you still want to watch it closely.

1 month ago - The Motley Fool

Agrify CEO Raymond Chang's Advice To Cannabis Cutivators: Get Organized, Be Consistent & Pepsify

Aware of how environmental factors affect cannabis cultivation, yield and quality, some smart cannabis entrepreneurs are looking to partner with companies that provide grow solutions. The partnership be...

1 month ago - Benzinga

A Week's Worth of Actionable Cannabis Stock News

Welcome back to our weekly series, Schaeffer's Cannabis Stock News Update, where we recap what happened in the world of marijuana stocks and look ahead to how the cannabis industry continues to shape up...

1 month ago - Schaeffers Research

Agrify Second Quarter Revenue Rises 203% To $11.8M, Reaffirms Its Full Year Guidance Of $48 to $50M

Agrify Corporation (NASDAQ:AGFY) announced financial results for the period ended June 30, 2021, revealing 203% revenue improvement from the same period in 2020, reaching $11.8 million. The company, bas...

1 month ago - Benzinga

Agrify Corporation Teams Up With True House Cannabis To Build-Out New Cultivation Facility

Agrify Corporation (NASDAQ:AGFY) and True House Cannabis LLC are poised to build a 22,000 square foot cultivation facility. Under the terms of the agreement, Agrify will work with its second Agrify Tota...

1 month ago - Benzinga

2 Under-the-Radar Cannabis Stocks You Don't Want to Miss Out On

They both started trading earlier this year.

1 month ago - The Motley Fool

Agrify to Host Second Quarter 2021 Results Conference Call

BILLERICA, Mass., July 29, 2021 (GLOBE NEWSWIRE) -- Agrify Corporation (NasdaqCM:AGFY) (“Agrify” or the “Company”), a developer of highly advanced and proprietary precision hardware and software cultiva...

1 month ago - GlobeNewsWire

Craig-Hallum Says Agrify Has 'An Attractive Business Model'

Year-to-date, Agrify Corporation (NASDAQ: AGFY) stock gained 55.65%. The non-plant-touching cannabis company that offers vertical farming solutions  recently partnered with Curaleaf Holdings, Inc. (OTCQ...

2 months ago - Benzinga

Why Cannabis Stock Agrify Zoomed 19.5% Today

An analyst sees a lot of potential in this young stock.

2 months ago - The Motley Fool

Learn To Grow Cannabis At Scale At The New, Hands-On Agrify University

Agrify Corp (NASDAQ:AGFY), a developer of advanced precision hardware and software cultivation solutions for the indoor agricultural marketplace, announced the opening of Agrify University.  Agrify Univ...

2 months ago - Benzinga

Agrify Announces Launch of Innovative, Project-Based Learning Program, Agrify University

Introduces immersive program to assist Agrify customers and next-generation growers in cultivating high-value cannabis with efficiency at scale Introduces immersive program to assist Agrify customers an...

2 months ago - GlobeNewsWire

Agrify Receives Hemp Cultivation and Production License, Opens New Facility and Product Showcase in Billerica, Massac...

BILLERICA, Mass., July 14, 2021 (GLOBE NEWSWIRE) -- Agrify Corporation (NasdaqCM:AGFY) (“Agrify” or the “Company”), a developer of highly advanced and proprietary precision hardware and software cultiva...

2 months ago - GlobeNewsWire

Agrify And Curaleaf Study Impact Of Cannabis Cultivation On Plant Health And Harvest Yields, Curaleaf International E...

Agrify Corporation (NASDAQ:AGFY) has teamed up with Curaleaf Holdings, Inc. (OTCQX:CURLF) to determine the impact of the cultivation environment on the overall health of cannabis plants and harvest yiel...

Other symbols:CURLF
2 months ago - Benzinga

Global Cannabis Stocks Decline 8.7% in Q2, Agrify, KushCo Among Strongest Cannabis Names In June

The Global Cannabis Stock Index fell for the fourth straight month, dropping 4.1% to 57.10. During the second quarter, the index was down 8.7%.

2 months ago - Benzinga

Agrify Expands Relationship with Current Customer Nevada Holistic Medicine, Further Increases Presence in Attractive ...

$12 million contract includes cultivation facility build-out fees and five years of SaaS revenue $12 million contract includes cultivation facility build-out fees and five years of SaaS revenue

3 months ago - GlobeNewsWire

Agrify Announces June 2021 Conference Participation

BURLINGTON, Mass., June 02, 2021 (GLOBE NEWSWIRE) -- Agrify Corporation (NasdaqCM:AGFY) (“Agrify” or the “Company”), a developer of highly advanced and proprietary precision hardware and software cultiv...

3 months ago - GlobeNewsWire

Agrify's Shares Jump On 600% YoY Higher Revenue Of $7M, Cannabis Co. Raises Its Full-Year Guidance

A developer of premium grow solutions, Agrify Corporation (NASDAQ:AGFY) posted its first-quarter earnings results Monday, reporting revenue of $7 million, compared to $4.4 million and $1 million in the ...

4 months ago - Benzinga

Agrify Quarterly Revenue Increased 600% to Record $7 million for Q1 2021

Company raises full year 2021 top revenue guidance to $48-50 Million Revenue increased 60% sequentially from Q4 2020 to Q1 2021 Total sales backlog grew 38% to $82 million

4 months ago - GlobeNewsWire

Agrify and Front Range Biosciences Announce Partnership to Develop Next Generation Cultivation and Genetics Solution

Research and development partnership will combine Agrify's cutting-edge indoor agriculture cultivation solutions with Front Range Biosciences' expertise in creating unique cannabis and hemp cultivars Re...

4 months ago - GlobeNewsWire

Agrify Announces Receipt of $3.5M Purchase Contract, Expanding Customer Relationship with WhiteCloud Botanicals

WhiteCloud tripling their current flower production canopy to address increased product demand in growing Nevada market WhiteCloud tripling their current flower production canopy to address increased pr...

5 months ago - GlobeNewsWire

Agrify Announces Record FY 2020 Annual Results

Full Year 2020 revenue nearly tripled year-over-year to $12.1 million Full Year 2020 revenue nearly tripled year-over-year to $12.1 million

5 months ago - GlobeNewsWire

Agrify to Host Fourth Quarter and Year-End 2020 Results Conference Call

BURLINGTON, Mass., March 25, 2021 (GLOBE NEWSWIRE) -- Agrify Corporation (NasdaqCM:AGFY) (“Agrify” or the “Company”), a developer of highly advanced and proprietary precision hardware and software grow ...

6 months ago - GlobeNewsWire