Forafric Global (NASDAQ:AFRI) Shares Down 4.2% - What's Next?

Forafric Global PLC (NASDAQ:AFRI - Get Free Report)'s stock price traded down 4.2% on Tuesday . The company traded as low as $10.58 and last traded at $10.61. 18,209 shares traded hands during mid-day trading, a decline of 20% from the average session volume of 22,827 shares. The stock had previously closed at $11.08.Get Forafric Global alerts:Analyst Ratings ChangesSeparately, Weiss Ratings reaffirmed a "sell (d)" rating on shares of Forafric Global in a research note on Monday. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, Forafric Global presently has a consensus rating of "Sell".View Our Latest Stock Analysis on Forafric GlobalForafric Global Price PerformanceThe firm has a 50 day moving average of $9.80 and a 200-day moving average of $8.72. Institutional Inflows and OutflowsA number of institutional investors and hedge funds have recently added to or reduced their stakes in AFRI. Bank of America Corp DE increased its stake in Forafric Global by 5.0% in the 3rd quarter. Bank of America Corp DE now owns 24,285 shares of the company's stock valued at $211,000 after buying an additional 1,156 shares during the period. JPMorgan Chase & Co. grew its holdings in shares of Forafric Global by 36.6% during the 3rd quarter. JPMorgan Chase & Co. now owns 5,345 shares of the company's stock valued at $46,000 after acquiring an additional 1,432 shares in the last quarter. Sei Investments Co. increased its stake in shares of Forafric Global by 35.9% in the third quarter. Sei Investments Co. now owns 13,621 shares of the company's stock worth $118,000 after acquiring an additional 3,598 shares during the last quarter. PNC Financial Services Group Inc. increased its stake in shares of Forafric Global by 2,854.2% in the second quarter. PNC Financial Services Group Inc. now owns 6,263 shares of the company's stock worth $49,000 after acquiring an additional 6,051 shares during the last quarter. Finally, Russell Investments Group Ltd. raised its holdings in shares of Forafric Global by 197.1% during the second quarter. Russell Investments Group Ltd. now owns 13,527 shares of the company's stock worth $106,000 after acquiring an additional 8,974 shares in the last quarter. 5.49% of the stock is owned by hedge funds and other institutional investors. About Forafric Global (Get Free Report)Forafric Global Corporation is a Delaware‐incorporated special purpose acquisition company (SPAC) listed on the Nasdaq under the ticker AFRI. Established in 2023, the company was formed to raise capital through an initial public offering for the purpose of identifying and consummating a business combination with one or more operating businesses. As a blank‐check vehicle, Forafric Global does not engage in any commercial operations until it completes a merger, share exchange, asset acquisition, stock purchase or similar transaction. The company's investment mandate is focused on growth opportunities across the African continent.Further ReadingFive stocks we like better than Forafric GlobalThe boring AI play that could pay up to $4,290 monthlyALERT: Drop these 5 stocks before January 2026!Trump’s “real estate deal for America” explainedA month before the crashPut $1,000 into this stock by Jan 1 [Not NVDA]This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.Should You Invest $1,000 in Forafric Global Right Now?Before you consider Forafric Global, you'll want to hear this.MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Forafric Global wasn't on the list.While Forafric Global currently has a Sell rating among analysts, top-rated analysts believe these five stocks are better buys.View The Five Stocks Here