AGMH Stock (AGMH) Drops 6% Amid Weak Financial Performance

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4 days ago
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AGMH (AGMH, Financial) recently experienced a significant stock price drop of 6.01%, bringing the price to $1.72 per share with a trading volume of 5,843 shares and a turnover rate of 0.02%. The stock's amplitude reached 4.37%.

According to the latest financial reports, AGMH generated revenue of $92.91 million but reported a net loss of $7.44 million. This results in an earnings per share (EPS) of -$0.31 and a gross profit of $4.16 million. The price-to-earnings (P/E) ratio stands at -5.81, indicating a challenging financial position.

Currently, there are no institutional ratings available for AGMH regarding buy, hold, or sell recommendations. The company's performance is part of the broader computer hardware sector, which saw an overall decline of 4.72%.

Within this industry, stocks like Rigetti Computing Inc, Ionq, Inc., and Rigetti Computing, Inc. showed notable increases. Additionally, AgEagle Aerial Systems, Ionq, Inc., and Advanced Micro Devices were particularly active, with turnover rates of 97.44%, 22.90%, and 7.89% respectively. Stocks with significant amplitude included Rigetti Computing Inc, Ionq, Inc., and Quantum Computing Inc., with amplitudes of 29.61%, 19.76%, and 19.24% respectively.

AGMH Group Holdings Limited is focused on blockchain-oriented ASIC chip design, high-end encrypted mining machine production, and financial technology software services. The company primarily derives its revenue from selling cryptocurrency mining machines and standardized computing equipment.

Disclosures

I/We may personally own shares in some of the companies mentioned above. However, those positions are not material to either the company or to my/our portfolios.