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Oh definitely especially on a pump,when it looks like nothing but that at this time,anyone who got in at the open would be nuts not selling when it hit morning highs.
Source: TipRanks Investing in penny stocks poses a higher risk (learn more about investing in Penny stocks here: Are Penny Stocks a Good Investment?). Take shares of Agrify Corporation (NASDAQ:AGFY), for example, which have tanked this year. Macro and industry-specific headwinds have weighed heavily on AGFY stock, erasing 95% of its value. Given the slump, Maxim Group analyst Anthony Vendetti finds Agrify’s valuation compelling. He has a Buy recommendation for AGFY stock with a price target of $4, implying 756.5% upside potential. Before taking an investment call, let’s examine what is hurting AGFY stock. https://www.tipranks.com/news/article/should-you-bet-on-agrify-nasdaqagfy-stock?utm_source=advfn.com&utm_medium=referral
Agrify Corp is a developer of advanced and precision hardware and software grow solutions for the indoor agriculture marketplace. The Company offers Agrify Precision Elevated cultivation solution that combines integrated hardware and software offerings with a wide range of associated services, such as consulting, engineering and construction. The Company offers its modern solutions to cultivators across various commercial segments including fruits, vegetables, hemp and cannabis. Its business model includes substantial equipment sales for the Agrify Vertical Farming Unites (AVFUs) as well as recurring software-as-a-service (SaaS) revenues for Agrify Insights. Agrify Insights works with Agrify VFUs and Container Farms, allowing users the ability to automate and optimize grows of all sizes. Agrify Insights calculates the optimum planting schedule and plant movements based on the number of days and environmental conditions that users specify for each grow phase.