AGMH Stock Plummets Amidst Weak Financial Performance

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AGMH (AGMH, Financial) experienced a significant stock price decline of 5.46%, trading at $1.73 with a trading volume of 16,336 shares. The turnover was reported at 0.07%, with a price fluctuation of 6.01%.

Recent financial data reveals AGMH's revenue at $92.91 million, a net loss of $7.44 million, and an earnings per share of -$0.31. The company posted a gross profit of $4.16 million, with a negative price-to-earnings ratio of -5.63. Currently, no institutional ratings are available for AGMH, indicating a lack of buying, holding, or selling recommendations.

The company operates in the computer hardware sector, which saw an overall increase of 1.61%. Within the sector, stocks such as Quantum Computing Inc., Pure Storage, Inc., and Rigetti Computing, Inc. saw notable gains. Meanwhile, AgEagle Aerial Systems, Advanced Micro Devices, and Ionq, Inc. were more active, with respective turnover rates of 50.42%, 5.45%, and 4.67%. The stocks showing significant price volatility were Quantum Computing Inc., Rigetti Computing Inc. C/Wts, and AgEagle Aerial Systems, with fluctuations of 22.21%, 18.50%, and 8.76%.

AGMH specializes in the design of blockchain-focused ASIC chips, high-end crypto mining machine production, and fintech software services. The company derives its primary revenue from the sale of 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.