Agronomics (LON:ANIC) Reaches New 12-Month Low – Time to Sell?

Agronomics Limited (LON:ANIC) shares reached a new 52-week low during mid-day trading on Thursday. The company traded as low as GBX 2.70 and last traded at GBX 4.60, with a volume of 2466993 shares. The stock had previously closed at GBX 4.75.

Wall Street Analysts Forecast Growth

Separately, Canaccord Genuity Group reaffirmed a “buy” rating and issued a GBX 13.30 target price on shares of Agronomics in a research report on Tuesday, July 21st. One research analyst has rated the stock with a Buy rating, According to MarketBeat, Agronomics currently has a consensus rating of “Buy” and a consensus price target of GBX 13.30.

Agronomics Stock Down 3.2%

The firm has a fifty day moving average price of GBX 5.17 and a two-hundred day moving average price of GBX 5.87. The stock has a market capitalization of £49.84 million, a P/E ratio of -2.87 and a beta of 0.98.

Agronomics Company Profile

Agronomics is an AIM-listed investment company centered on the nascent fields of cellular agriculture, precision fermentation and synthetic biology. The Company invests in technologies that offer new ways of producing food and materials with a focus on products historically derived from animals. These technologies are driving a major disruption in agriculture, offering solutions to improve sustainability, as well as addressing human health, animal welfare and environmental damage. This disruption will decouple supply chains from the environment and animals, as well as being fundamental to feeding the world’s expanding population.