Stock Price
P/E Ratio
Volume Traded Today
Dividend
52 Week High/low
Forafric Global PLC Market Cap
The Forafric Global PLC (AFRI) share price is expected to decrease by 100% over the next year. This is based on calculating the average 12-month share price estimate provided by 0 stock analysts who have covered AFRI. Price targets range from $ at the low end to $ at the high end. The current analyst consensus for AFRI is a sell. Please note analyst price targets are not guaranteed and could be missed completely.
About 0 Wall Street analysts have assignedAFRI 0 buy ratings, 0 hold ratings, and 0 sell ratings. This means that analysts expect Forafric Global PLC to sell. Keep in mind that these ratings are typically refreshed every quarter, underscoring the importance of conducting your own research on AFRI. Don't forget to include both technical and fundamental analysis, as well as staying informed on news that could influence these ratings, in your due diligence.
These are the latest 20 analyst ratings of AFRI.
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When did it IPO
2021
Staff Count
600
Country
Gibraltar
Sector/Industry
Consumer Defensive/Farm Products
CEO
Market Cap
$293.0M
In 2023, AFRI generated $305.5M in revenue, which was a increase of 5.42% from the previous year. This can be seen as a signal that AFRI's business is growing, and its share price could be worth more in the future. However, if the company grows faster (or slower) than expected, this could also have a major impact on the future share price.
Revenue From 2020
Revenue From 2021
Revenue From 2022
Revenue From 2023
Mon, 06 May 2024
Sentiment - NEUTRAL
Source - Business Wire
Summary - Forafric Global PLC has signed a 10-year renewable lease for a milling facility in Morocco's Meknes-Fes region, enhancing its milling capacity and supporting growth.
Why It Matters - Forafric's long-term lease of a milling facility boosts its production capacity, indicating growth potential and enhancing competitiveness in the agribusiness sector, which can positively influence stock performance.
Wed, 13 Dec 2023
Sentiment - NEUTRAL
Source - Business Wire
Summary - Forafric Global PLC reported a record 443,000 MT of soft wheat processed in Morocco in 2023 and completed a 90% acquisition of Société Industrielle de Minoterie du Sud.
Why It Matters - Forafric's record crushing volume and acquisition of SIMS strengthen its market position, potentially boosting revenue and profitability, which can enhance investor confidence and stock performance.
Sun, 15 Oct 2023
Sentiment - POSITIVE
Source - InvestorPlace
Summary - Bill Ackman aims to take X public via his SPARC, a new variant of SPACs, which differs by allowing capital to be raised after a merger target is identified.
Why It Matters - Ackman's plan for a SPARC to take X public signals innovative financing methods, potentially altering market dynamics and investor strategies in the tech sector.
Mon, 31 Jul 2023
Sentiment - NEUTRAL
Source - Business Wire
Summary - Forafric Global PLC has acquired 90% of Société Industrielle de Minoterie du Sud to enhance its crushing capacity in Morocco by over 300 tons per day, aiming to double capacity in two years.
Why It Matters - Forafric's acquisition of SIMS enhances its production capacity and market presence, potentially driving revenue growth and improving competitive positioning in the agribusiness sector.
Thu, 04 Aug 2022
Sentiment - NEUTRAL
Source - Business Wire
Summary - Forafric Global PLC reported a record high of over 276,000 MT of soft wheat processed in Morocco in H1 2022, maintaining 2.5 to 3 months of inventory amidst international market challenges.
Why It Matters - Forafric's record crushing volume and strong inventory management indicate robust operational efficiency, potentially leading to increased revenue and market share, which boosts investor confidence.
Tue, 14 Jun 2022
Sentiment - NEUTRAL
Source - Business Wire
Summary - Forafric Global PLC announced a partnership with Alapala Foreign Trade LLC to expand and construct mills, enhancing its wheat and durum processing capacity in Morocco.
Why It Matters - Forafric's expansion of wheat and durum processing capacity indicates growth potential, which may enhance revenue and profitability, positively impacting stock performance and investor sentiment.
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