Agronomics (LON:ANIC) Stock Price Up 2.6% – Still a Buy?

Agronomics Limited (LON:ANIC) rose 2.6% during trading on Thursday. The company traded as high as GBX 4.50 and last traded at GBX 4.31. Approximately 609,742 shares changed hands during trading, a decline of 71% from the average session volume of 2,095,702 shares. The stock had previously closed at GBX 4.20.

Wall Street Analyst Weigh In

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

Agronomics Trading Down 2.3%

The company has a market cap of £46.04 million, a price-to-earnings ratio of -2.66 and a beta of 0.98. The firm has a 50-day moving average price of GBX 4.83 and a 200 day moving average price of GBX 5.84.

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.