AFC Gamma (NASDAQ:AFCG) Given "Neutral" Rating at Alliance Global Partners
Alliance Global Partners has reaffirmed a "neutral" rating for AFC Gamma (NASDAQ:AFCG) with a price target of $4.50, indicating an 11.11% potential upside from its previous close. The stock opened at $4.05, with a market cap of $91.53 million and a PE ratio of -9.88. AFC Gamma specializes in senior secured loans for the cannabis industry, and currently holds a Moderate Buy rating among analysts, though it was not listed among top recommendations.
AFC Gamma (NASDAQ:AFCG - Get Free Report)'s stock had its "neutral" rating restated by equities research analysts at Alliance Global Partners in a research report issued to clients and investors on Friday, Marketbeat Ratings reports. They presently have a $4.50 target price on the stock. Alliance Global Partners' price target indicates a potential upside of 11.11% from the stock's previous close.
AFC Gamma Stock Performance
AFCG opened at $4.05 on Friday. The company has a market cap of $91.53 million, a PE ratio of -9.88 and a beta of 1.07. The stock has a 50-day moving average of $4.65 and a 200-day moving average of $5.79. AFC Gamma has a 52-week low of $3.85 and a 52-week high of $10.88. The company has a debt-to-equity ratio of 0.11, a quick ratio of 3.31 and a current ratio of 3.31.
AFC Gamma Company Profile
(Get Free Report)AFC Gamma, Inc originates, structures, underwrites, and invests in senior secured loans, and other various commercial real estate loans and debt securities for established companies operating in the cannabis industry. It primarily originates loans structured as senior loans secured by real estate, equipment, and licenses and/or other assets of the loan parties to the extent permitted by applicable laws and the regulations governing such loan parties.
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