Agronomics (LON:ANIC) Sets New 1-Year Low – Time to Sell?

Agronomics Limited (LON:ANIC) hit a new 52-week low during trading on Tuesday . The stock traded as low as GBX 5.10 and last traded at GBX 5.10, with a volume of 6031589 shares. The stock had previously closed at GBX 5.40.

Wall Street Analyst Weigh In

Separately, Canaccord Genuity Group decreased their price target on Agronomics from GBX 14 to GBX 13.30 and set a “buy” rating on the stock in a research report on Tuesday, May 19th. One analyst has rated the stock with a Buy rating, According to data from MarketBeat, the stock has a consensus rating of “Buy” and an average target price of GBX 13.30.

Agronomics Stock Performance

The company’s fifty day simple moving average is GBX 6.33 and its 200 day simple moving average is GBX 6.37. The stock has a market capitalization of £55.25 million, a P/E ratio of -3.19 and a beta of 0.98.

About Agronomics

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.