Why is AGS Transact falling/rising?

As of 22-Sep, AGS Transact Technologies Ltd is experiencing a decline in its stock price, currently at 4.29, down by 0.08 or 1.83%. The stock has been on a downward trend, losing value for the last 18 consecutive days, resulting in a total decline of 29.09% during this period. Additionally, the company has reported a significant drop in net sales of 40.4% and has not declared results in the last six months, indicating weak long-term fundamental strength. The company's high Debt to EBITDA ratio of 3.33 times and a low average Return on Equity of 0.57% further highlight its financial struggles. Promoter confidence appears to be waning, with a 25.76% reduction in their stake, which may signal concerns about the company's future prospects.
In the broader market context, AGS Transact's performance has been notably poor compared to the benchmark, with a year-to-date return of -93.48% against the Sensex's positive return of 5.15%. Over the past week, the stock has underperformed the benchmark by 9.11%, while the IT - Software sector has also seen a decline of 2.56%. This underperformance is compounded by a decrease in investor participation, as evidenced by a drop in delivery volume. Overall, the combination of negative financial results, declining promoter confidence, and poor market performance contributes to the stock's ongoing decline.