Agronomics (LON:ANIC) Sets New 52-Week Low – Time to Sell?

Agronomics Limited (LON:ANIC)’s stock price hit a new 52-week low on Monday. The stock traded as low as GBX 4 and last traded at GBX 4.25, with a volume of 3,042,057 shares. The stock had previously closed at GBX 4.24.

Wall Street Analysts Forecast Growth

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

Agronomics Stock Performance

The company’s fifty day moving average is GBX 4.83 and its 200-day moving average is GBX 5.84. The company has a market capitalization of £46.04 million, a PE ratio of -2.66 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.