Agrify starting to Fly!
Agrify has sustained amazing revenue growth in first quarter 2021, it increased 600% to record $7 million from January 1st, 2021 to March 31st, 2021.
The revenue exceeded analysts expectations. The earnings are still at a net loss, but that is not uncommon for newly public tech sector companies.
The IPO price on January 28th was $13.50, it then shot up to $21.43 on February 8th at the Height of the tech market.
Most analysts have a target price of $22/ share, but that target was set before knowledge of such impressive revenue growth.
The CEO, Raymond Nobu Chang is an ambitious entrepreneur. The market for cannabis is expected to expand as more states in the US legalize the commodity.
With a low trading volume, this stock could easily take off like a rocket ship. If revenue keeps pace, this stock could easily trade at $60.00 by the end of the year,
especially if the Nasdaq enters a new bull run and a rotation back into growth.
Buy shares now at a discount.
As always, do your own research and due diligence, better to aim with a scope than by the hip.
-Josh
The revenue exceeded analysts expectations. The earnings are still at a net loss, but that is not uncommon for newly public tech sector companies.
The IPO price on January 28th was $13.50, it then shot up to $21.43 on February 8th at the Height of the tech market.
Most analysts have a target price of $22/ share, but that target was set before knowledge of such impressive revenue growth.
The CEO, Raymond Nobu Chang is an ambitious entrepreneur. The market for cannabis is expected to expand as more states in the US legalize the commodity.
With a low trading volume, this stock could easily take off like a rocket ship. If revenue keeps pace, this stock could easily trade at $60.00 by the end of the year,
especially if the Nasdaq enters a new bull run and a rotation back into growth.
Buy shares now at a discount.
As always, do your own research and due diligence, better to aim with a scope than by the hip.
-Josh
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