Why is AGS Transact falling/rising?

As of 24-Jun, AGS Transact Technologies Ltd is experiencing a decline in its stock price, currently at 4.42, which reflects a decrease of 0.09 or 2.0%. The stock has underperformed its sector today by 2%, marking its second consecutive day of losses with a total decline of 3.91% over this period. Additionally, AGS Transact has shown poor performance over various time frames, with a staggering year-to-date decline of 93.28% and a one-year return of -94.94%. The company is trading below all significant moving averages, indicating a bearish trend. Furthermore, the delivery volume has significantly decreased by 78.63% compared to the five-day average, suggesting a lack of investor interest. The company's financial health is concerning, with a high debt-to-EBITDA ratio of 3.33 times and a return on equity of only 0.57%, which reflects low profitability. The recent announcement of a 40.4% drop in net sales and a negative PAT of Rs -194.26 crore has further exacerbated the negative sentiment surrounding the stock.
In the broader market context, AGS Transact's short-term performance has been notably worse than the benchmark, with a one-week return of -3.70% compared to the Sensex's gain of 0.58%. This underperformance is indicative of the company's struggles relative to the overall market, as it has consistently lagged behind the BSE 500 over the past three years, one year, and three months. The combination of declining sales, negative operating profits, and weak long-term fundamentals has positioned AGS Transact as a risky investment, contributing to its falling stock price amidst a generally stable market environment.