AGM Group Holdings Inc. (NASDAQ:AGMH – Get Free Report) shares fell 2.3% during trading on Friday . The company traded as low as $0.8580 and last traded at $0.8580. Approximately 9,582 shares were traded during mid-day trading, a decline of 75% from the average daily volume of 38,180 shares. The stock had previously closed at $0.8780.
Analyst Upgrades and Downgrades
Separately, Weiss Ratings raised AGM Group from a “sell (d-)” rating to a “sell (d)” rating in a report on Friday, August 28th. One analyst has rated the stock with a Sell rating, According to MarketBeat, AGM Group presently has a consensus rating of “Sell” and a consensus target price of $5.77.
View Our Latest Stock Analysis on AGM Group
AGM Group Stock Performance
AGM Group (NASDAQ:AGMH – Get Free Report) last announced its quarterly earnings results on Friday, August 7th. The company reported $1.18 earnings per share (EPS) for the quarter. The business had revenue of $5.13 million during the quarter.
Institutional Inflows and Outflows
A hedge fund recently bought a new stake in AGM Group stock. Bank of America Corp DE bought a new position in shares of AGM Group Holdings Inc. (NASDAQ:AGMH – Free Report) during the 2nd quarter, according to its most recent disclosure with the SEC. The fund bought 15,982 shares of the company’s stock, valued at approximately $37,000. Bank of America Corp DE owned 3.02% of AGM Group at the end of the most recent quarter.
AGM Group Company Profile
AGM Group Holdings, Inc (NASDAQ:AGMH) is a blank check company incorporated in Delaware in April 2021. It was formed as a special purpose acquisition company (SPAC) with no commercial operations at inception and no revenues other than interest earned on its trust account balances. The company’s primary objective is to identify and complete a business combination with one or more operating businesses.
In connection with its initial public offering, AGM Group issued units comprising one share of common stock and a fraction of one redeemable warrant, with gross proceeds deposited into a trust account.
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