Akanda Corp. (NASDAQ:AKAN) saw an upside of 7.53% to $0.65 after adding $0.04 on Wednesday. The 5-day average trading volume is 1,198,093 shares of the company’s common stock. It has gained $0.7149 in the past week and touched a new high 4 times within the past 5 days. An average of 350,838 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 200,813.
AKAN’s 1-month performance is 3.35% or -$0.0657 on its low of $0.5400 reached on 08/07/23. The company’s shares have touched a 52-week low of $0.54 and high of $15.50, with the stock’s rally to the 52-week high happening on 01/26/23. YTD, AKAN has lost -56.31% or -$0.8647 and has reached a new high 9 times. However, the current price is down -95.80% from the 52-week high price.
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Valuation Metrics
AKAN stock has a beta of 1.90. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 0.97 while the price-to-book (PB) in the most recent quarter is 0.08.
The trailing 12-month EBITDA margin is -679.25%. The firm’s gross profit as reported stood at $3.27 million against revenue of $2.62 million.
Earnings Surprise
Net income grew 30.27% to -$11.66 million, while revenue of $0.0 was 100.0% off the previous quarter. AKAN stock balance sheet for the recent quarter shows that total liabilities totaled 12.1 million, with total debt at $3.9 million.
Let’s look briefly at Akanda Corp. (AKAN) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 08 August was 50.66% to suggest the stock is trending Neutral, with historical volatility in this time period at 62.56%.
The stock’s 5-day moving average is $0.5978, reflecting a +11.30% or $0.0635 change from its current price. AKAN is currently trading -1.23% above its 20-day SMA, -49.16% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by -12.35% and SMA200 by-76.40%.
Stochastic %K and %D was 43.61% and 33.30% and the average true range (ATR) pointed at 0.0603. The RSI (14) points at 45.58%, while the 14-day stochastic is at 48.77% with the period’s ATR at 0.0604. The stock’s 9-day MACD Oscillator is pointing at 0.0147 and 0.0013 on the 14-day charts.
Analyst Ratings
Analysts offering their rating for AKAN stock have a consensus rating for the stock as -. Currently, 0 brokerage advisors rate AKAN as a “sell,”, while 0 advise that investors “Hold.” 0 analysts have rated the stock as underweight. 0 rates the stock as overweight while 0 have offered a “buy” rating.
