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

Agronomics Limited (LON:ANIC) hit a new 52-week low during trading on Wednesday. The company traded as low as GBX 4 and last traded at GBX 4.72, with a volume of 13094245 shares. The stock had previously closed at GBX 5.24.

Analysts Set New Price Targets

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

Agronomics Trading Down 2.2%

The stock has a market capitalization of £48.75 million, a price-to-earnings ratio of -2.81 and a beta of 0.98. The business has a 50 day simple moving average of GBX 5.24 and a 200-day simple moving average of GBX 5.93.

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.