Last Updated: 18 Sep 2024
Executive Summary
N2OFF Inc. (NITO) is a small-cap agri-food tech company with a market capitalization of $1.399 million. The company develops and sells eco-friendly green treatments for the food industry to enhance food safety and shelf life of fresh produce. N2OFF is headquartered in Hod HaSharon, Israel.
The company's financial performance has been weak in recent quarters, with negative earnings and revenue growth. However, the company has a strong balance sheet with no debt and a book value of $1.435 per share.
Technically, N2OFF's stock is trading below its 50-day and 200-day moving averages. The stock has a beta of 1.042, indicating that it is slightly more volatile than the overall market.
Company Overview
N2OFF was founded in 2010 and went public in 2021. The company's mission is to provide sustainable and effective solutions for the food industry. N2OFF's products are used by a variety of food processors and retailers, including Dole, Sodexo, and Whole Foods.
The company's technology is based on the use of nitric oxide (NO) to control the growth of bacteria and fungi. NO is a naturally occurring gas that is produced by the human body and has been shown to have antimicrobial and antifungal properties.
N2OFF's products are applied to fresh produce after harvest. The products are designed to extend the shelf life of produce by reducing the growth of bacteria and fungi. N2OFF's products are also effective in reducing the risk of foodborne illness.
Fundamental Analysis
N2OFF's financial performance has been weak in recent quarters. In the most recent quarter, the company reported a loss of $3.12 per share on revenue of $166,200. This compares to a loss of $2.87 per share on revenue of $167,400 in the same quarter last year.
The company's gross profit margin is 0%, which is a concern. This means that the company is not able to cover its costs of goods sold with its revenue.
N2OFF has a strong balance sheet with no debt and a book value of $1.435 per share. The company's cash and cash equivalents totaled $1.8 million as of June 30, 2024.
Technical Analysis
N2OFF's stock is trading below its 50-day and 200-day moving averages. The stock has a beta of 1.042, indicating that it is slightly more volatile than the overall market.
The stock's relative strength index (RSI) is 30.42, which is in oversold territory. This indicates that the stock may be due for a bounce.
Short Term Outlook
N2OFF's stock is trading at a discount to its book value. The stock's RSI is also in oversold territory. This suggests that the stock may be due for a bounce in the short term.
However, the company's financial performance has been weak in recent quarters. The company's gross profit margin is 0%, which is a concern.
Long Term Outlook
N2OFF's long-term outlook is uncertain. The company's technology has the potential to be a major disruptor in the food industry. However, the company's financial performance has been weak in recent quarters.
Investors should be aware of the risks associated with investing in N2OFF. The company's stock is volatile and the company's financial performance has been weak.
Analyst Recommendations
There are no analyst recommendations for N2OFF.
