Why did AGRI plummet?

The stock price of AGRI has experienced a significant decrease from July 22 to July 28. The decline in AgriFORCE Growing Systems Ltd.'s (AGRI) stock price can be attributed to a combination of factors:

1. **Reverse Stock Split**: The company's announcement of a reverse stock split has likely contributed to the decline. Such splits can be seen as a negative signal by investors, as they often indicate that a company is attempting to boost its stock price per share to meet listing requirements, which can lead to dilution of shares and unsettle investor sentiment.
2. **Financial Concerns**: AGRI's financials show a daunting EBIT margin of -2,772.9%, indicating troubled profitability. The company is also facing a revenue slump, with revenue reported at $67K, and an astronomical price-to-sales ratio of 34.75, which may raise concerns about its financial health.
3. **Stock Market Conditions**: The broader stock market conditions may have also played a role. On July 30, 2025, Wall Street closed lower due to disappointing corporate earnings and lack of positive developments in trade talks with China, which could have led to a sell-off in AGRI as well.

In conclusion, the decline in AGRI's stock price is likely a result of a combination of factors including reverse stock split, financial concerns and stock market conditions.

|code|Ticker|Name|Date|Percentage Change|market_code|
|---|---|---|---|---|---|
|AGRI|AGRI.O|AgriFORCE Growing|20250728|-6.3144|186|
|AGRI|AGRI.O|AgriFORCE Growing|20250729|-17.8|186|