Akerna Corp. (NASDAQ:KERN) saw an upside of 10.37% to close Monday at $2.98 after adding $0.28 on the day. The 5-day average trading volume is 765,180 shares of the company’s common stock. It has gained $3.05 in the past week. An average of 1,021,915 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 710,612.
KERN’s 1-month performance is -10.78% or -$0.36 on its low of $2.57 reached on 10/04/21. The company’s shares have touched a 52-week low of $2.17 and high of $10.44, with the stock’s rally to the 52-week high happening on 02/10/21. YTD, KERN has lost -8.02% or -$0.26. However, the current price is down -71.45%% from the 52-week high price.
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Akerna Corp. (KERN) has a trailing price-to-earnings (P/E) ratio of 23.70 for the broader industry and 32.24 for the sector.KERN stock has a beta of 2.61. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 4.92 while the price-to-book (PB) in the most recent quarter is 1.35.
Akerna Corp.’s quick ratio for the period ended June 29 was 1.20, with the current ratio over the same period at 1.20 meaning that KERN stock is able to fulfill its debt obligations. As well, the company’s long term debt to equity for the quarter ending June 29 was 0.02, while the total debt to equity was 0.16. In terms of profitability, the gross margin trailing 12 months is 61.10%. The trailing 12-month EBITDA margin is -113.70%. The firm’s gross profit as reported stood at $6.36 million against revenue of $12.57 million.
For the quarterly period ending June 29 this year, Net income and sales went up compared to those figures reported in the previous quarter. Analysts expected KERN to announce -$0.15 per share in earnings in its latest quarter, but it posted -$0.15, representing a 0.00% surprise. EBITDA for the quarter stood at more than -$4.61 million. KERN stock balance sheet for the quarter ending June 29 shows that total liabilities totaled 14.57 million, with total debt at $8.36 million. Shareholders hold equity totaling $25.93 million
Let’s look briefly at Akerna Corp. (KERN) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 11 October was 55.01% to suggest the stock is trending Neutral, with historical volatility in this time period at 71.16%.
The stock’s 5-day moving average is $2.79, reflecting a +10.37% or $0.28 change from its current price. KERN is currently trading -9.97% above its 20-day SMA, -13.87% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 and SMA200 by -13.12% and -22.19% respectively.
Stochastic %K and %D was 43.86% and 35.09% and the average true range (ATR) pointed at 0.21. The RSI (14) points at 49.88%, while the 14-day stochastic is at 71.93% with the period’s ATR at 0.22. The stock’s 9-day MACD Oscillator is pointing at 0.04 and -0.03 on the 14-day charts.
In the most recent analyst report for Akerna Corp. (NASDAQ: KERN), Lake Street launched coverage with a Buy rating. Analysts offering their rating for KERN stock have a consensus rating for the stock as Buy. Currently, 0 brokerage advisors rate KERN as a “sell,”, while 0 advise that investors “Hold.” 0 analysts have rated the stock as underweight. 0 rates the stock as overweight while 3 have offered a “buy” rating.
What is KERN’s price target for the next 12 months?
Analysts have a consensus price target ranging from a low of $7.00 and a high of $8.50, with their median price target at $8.00. Looking at these predictions, the average price target given by analysts is for Akerna Corp. (KERN) stock is $7.83.