AGM Group (NASDAQ:AGMH) Trading Down 2.3% – Should You Sell?

AGM Group Holdings Inc. (NASDAQ:AGMHGet Free Report)’s share price dropped 2.3% on Friday . The company traded as low as $0.8580 and last traded at $0.8580. 9,582 shares traded hands during trading, a decline of 75% from the average session volume of 38,180 shares. The stock had previously closed at $0.8780.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings raised shares of AGM Group from a “sell (d-)” rating to a “sell (d)” rating in a research note on Friday, August 28th. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the company has an average rating of “Sell” and a consensus target price of $5.77.

Read Our Latest Report on AGMH

AGM Group Stock Down 2.3%

The firm has a 50-day moving average of $0.99 and a two-hundred day moving average of $1.06. The company has a current ratio of 13.27, a quick ratio of 11.46 and a debt-to-equity ratio of 0.05.

AGM Group (NASDAQ:AGMHGet Free Report) last issued its earnings results on Friday, August 7th. The company reported $1.18 EPS for the quarter. The business had revenue of $5.13 million for the quarter.

Hedge Funds Weigh In On AGM Group

A hedge fund recently bought a new stake in AGM Group stock. Bank of America Corp DE bought a new stake in AGM Group Holdings Inc. (NASDAQ:AGMHFree Report) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 15,982 shares of the company’s stock, valued at approximately $37,000. Bank of America Corp DE owned approximately 3.02% of AGM Group at the end of the most recent reporting period.

About AGM Group

(Get Free Report)

AGM Group Holdings, Inc (NASDAQ:AGMH) is a blank check company incorporated in Delaware in April 2021. It was formed as a special purpose acquisition company (SPAC) with no commercial operations at inception and no revenues other than interest earned on its trust account balances. The company’s primary objective is to identify and complete a business combination with one or more operating businesses.

In connection with its initial public offering, AGM Group issued units comprising one share of common stock and a fraction of one redeemable warrant, with gross proceeds deposited into a trust account.

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