Low Float (AGFY) Is A Nasdaq Breakout Idea On Watch Wednesday (4 Key Potential Catalysts)

Not to be dramatic, but we need to dive into this one quickly. Low Float (AGFY) Is A Nasdaq Breakout Idea On Watch Wednesday (4 Key Potential Catalysts) [Yahoo Finance]( Reports Roughly 929.24k Shares In Float! March 20th Dear Reader, Not to be dramatic, but we need to dive into this one quickly. It's not every day that a breakout idea comes around with a float of this tiny stature. Right now, [Yahoo Finance]( is reporting this Nasdaq profile to have a float of fewer than 1Mn shares! Because of this share structure, one word comes to mind immediately: Volatility. With so few shares available, a potential catalyst, like positive news or interesting technical indicators, could help to fuel a breakout spark in a blink. And based on this company's CEO scooping up over 1Mn shares recently, oversold leaning technicals suggesting reversal potential, and loads of press releases pointing to a company on the move early in 2024, we can't waste any time getting this Nasdaq profile on radar now: *Agrify Corporation (Nasdaq: AGFY)* Agrify stands as a pioneering force in offering groundbreaking cultivation and extraction solutions tailored for the cann-a-bis ("CB") sector, elevating data, science, and technology as central pillars within the market. And right now, AGFY has several potential breakout catalysts to focus on right now. Take a peek: #1. AGFY Comes In With A Wildly Low Float Creating A Potentially Volatile Situation. #2. Insider Buying From The CEO Cannot Be Ignored (Could Create Significant Confidence Boost). #3. Could A Major Reversal Be Nearing? Oversold Technical Indicators May Be A Strong Signal. #4. AGFY Has Been On A Rampage Since The New Year Started (Multiple Game-Changing Press Releases). But more on those in a second... The Ins And Outs - Agrify Corporation (Nasdaq: AGFY) Agrify Corporation is a leading provider of innovative cultivation and extraction solutions for the CB industry, bringing data, science, and technology to the forefront of the market. The Company’s proprietary micro-environment-controlled Agrify Vertical Farming Units (or “VFUs”) enable cultivators to produce the highest quality products with what they believe to be unmatched consistency, yield, and return in-vest-ment at scale. - Fully enclosed and managed micro-climate, complete with LED grow lights. - Automated irrigation, fertigation, and CO2 delivery. - Built-in temperature and humidity controls. - Motorized curtains for photoperiod control. Agrify’s stackable VFUs have been designed specifically for CB and hemp cultivation at any scale of production. Integrated with Agrify Insights™, each VFU provides full control over its internal environment to help optimize the customer's grow. Agrify Insights™: Award-Wi.nning Cultivation Software Agrify's tightly-integrated hardware & software platform for CB cultivators combines automation, precise environmental control, and data science with the scientific method. The Company's VFUs, coupled with real-time Big Data collection/analysis and easy to use software, enables cultivators to produce the best possible harvests with unmatched consistency, yield, and ROI at scale. Growth Automation Agrify Insights, their browser-based, cloud-hosted application for desktop/tablet/mobile, automates and manages nearly every aspect of vertical indoor agriculture. Its customizable dashboards and notifications enable facility owners, facility managers, farm managers, and growers to effortlessly participate in a continuous improvement process that optimizes harvest yields and cann-a-binoid and terpene profiles for every strain. Agrify's comprehensive extraction product line, which includes hydrocarbon, alcohol, solventless, post-processing, and lab equipment, empowers producers to maximize the quantity and quality of extract required for premium concentrates. The Company believes it is the only company with an automated and fully integrated grow solution in the industry. Their cultivation and extraction solutions seamlessly combines its integrated hardware and software offerings with a broad range of associated services including consulting, engineering, and construction and is designed to deliver the most complete commercial indoor farming solution available from a single provider. The totality of its product offerings and service capabilities forms an unrivaled ecosystem in what has historically been a highly fragmented market. As a result, the Company believes it is well-positioned to capture market share and create a dominant market position in the indoor CB sector. Read more here: [Agrify Website.]( ----- As I mentioned above, AGFY has several potential breakout catalysts to focus on this second. Check them out: #1. AGFY Comes In With A Wildly Low Float Creating A Potentially Volatile Situation. According to the [Yahoo Finance]( website, AGFY has a tiny low float. The website reports this profile to have approximately 929.24k shares in its float. Why is that important? It's important on one crucial level. Volatility. Could the next bit of positive company news in 2024 provide a near term spark for AGFY? #2. Insider Buying From The CEO Cannot Be Ignored (Could Create Significant Confidence Boost). Well... The subject says it for this one. Early this year, Agrify's CEO, [Raymond Chang]( made a major splash when he decided to scoop up over 1.8Mn shares! Could this move be the ultimate vote of confidence in his own company? Though it should be recognized as the be-all and end-all, this decision from the CEO could draw new eyes to this under-the-radar Nasdaq profile early in 2024. #3. Could A Major Reversal Be Nearing? Oversold Technical Indicators May Be A Strong Signal. Rewind to 2:00PM EST Tuesday. [Barchart]( was reporting multiple oversold technical indicators for AGFY. These technicals could be signaling a healthy reversal is approaching in the near term. Here's the definition of a "reversal" from [Investopedia]( "A reversal is a change in the price direction of an asset. A reversal can occur to the upside or downside. Following an uptrend, a reversal would be to the downside. Following a downtrend, a reversal would be to the upside. Reversals are based on overall price direction and are not typically based on one or two periods/bars on a chart." Here's the technicals to pay close attention to (as of 2:00PM EST Tuesday): - 9-Day Relative Strength Index: 32.35% - 14-Day Relative Strength Index: 33.92% When these numbers drop down to the 30% range and lower, they can be viewed as being in oversold territory. While in this territory, they can paint the picture of a profile that is undervalued. - 14-Day Raw Stochastic: 5.08% - 14-Day Williams %R: 94.92% As the Raw Stochastic nears the 10% range and lower and the Williams %R nears the 90% range or higher, these technical indicators may also be viewed as oversold and undervalued. Keep an eye on these technicals closely. #4. AGFY Has Been On A Rampage Since The New Year Started (Multiple Game-Changing Press Releases). Providing bombshell headlines over and over, AGFY could soon start garnering a ton of attention as a breakout target. Take a look at what the company has been up to: 2/29/24 - [Agrify Corporation Announces $3.4Mn Sales Order From New Jersey Woman-Owned Business HarvestWorks Farm]( 2/22/24 - [Agrify Corporation Announces First Multi-Year and $2Mn Extraction Managed Services Contract with Customer in Michigan]( 2/6/24 - [Agrify Corporation Achieves Milestone with PX-30 Hydrocarbon Extraction System Installation in Michigan Facility]( 1/18/24 - [Agrify’s Enters Into First Hydrocarbon Extraction Lab & Vertical Farming Unit Facility in California]( What else could be up AGFY's sleeve? This could be a Nasdaq profile to watch closely in the near term. ----- (Nasdaq: AGFY) Recap - 4 Must-See Potential Breakout Catalysts #1. AGFY Comes In With A Wildly Low Float Creating A Potentially Volatile Situation. #2. Insider Buying From The CEO Cannot Be Ignored (Could Create Significant Confidence Boost). #3. Could A Major Reversal Be Nearing? Oversold Technical Indicators May Be A Strong Signal. #4. AGFY Has Been On A Rampage Since The New Year Started (Multiple Game-Changing Press Releases). ----- Coverage is officially initiated on Agrify Corporation (AGFY). When updates are available, they'll be out to you straight away. Talk soon. Sincerely, FierceAnalyst | Jaks Swift Editorial Writer (Always Remember The St-ock Prices Could Be Significantly Lower Now From The Dates I Provided.) FierceInvestor (FierceInvestor . com) is owned by SWN Media LLC, a limited liability company. Data is provided from third-party sources and FierceInvestor (FI) is not responsible for its accuracy. Make sure to always do your own research and due diligence on any day and swing profile I bring to your attention. Any emojis used do not have a specific defined meaning, and may be used inconsistently. We do not provide personalized fin.ancial advice, are not finan.cial advisors, and our opinions are not suitable for all in.vest.ors. 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