180 Life Sciences Corp. (NASDAQ:ATNF) finished Wednesday with an addition of $0.07 to close at $0.84, an upside of 9.43 percent. An average of 2,489,500 shares of common stock have been traded in the last five days. There was a fall of -$0.0660 in the past week, and it reached a new high 2 times over the past 12 months. The last 20 days have seen an average of 657,755 shares traded, while the 50-day average volume stands at 329,842.
ATNF stock has decreased by -22.57% in the last month. The company shares reached their 1-month lowest point of $0.6901 on 08/08/23. With the stock rallying to its 52-week high on 01/05/23, shares of the company touched a low of $0.69 and a high of $23.80 in 52 weeks. It has reached a new high 2 times so far this year and lost -75.10% or -$2.5460 in price. In spite of this, the price is down -96.45% from the 52-week high.
Financial Health
The quick ratio of 180 Life Sciences Corp. for the three months ended September 29 was 0.80, and the current ratio was 0.80, indicating that the company is not able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 0.00 and a total debt to equity ratio of 0.11 for the quarter ending September 29. Its gross profit as reported stood at $27000.0 compared to revenue of $17.9 million.
For investors, determining the potential profitability of the investment also depends on the performance of the company’s management. In the past 12 months, 180 Life Sciences Corp.’s return on assets was -147.40%.
Earnings Surprise
In the quarter under review, the net income was down than the previous quarter. The company posted a net income of -$4.76 million in the quarter, while revenues of -$21.74 million were grew 132.77%. The analyst consensus anticipated 180 Life Sciences Corp.’s latest quarter earnings to come in at $0.2 per share, but it turned out to be -$1.4, a -800.00% surprise. For the quarter, EBITDA amounted to -$4.22 million. Shareholders own equity worth $5.32 million.
Technical Picture
From a technical analysis perspective, let’s take a brief look at 180 Life Sciences Corp. (ATNF) price momentum. RSI 9-day as of the close on 09 August was 36.64%, suggesting the stock is Neutral, with historical volatility in this time frame at 79.97%.
As of today, ATNF’s price is $0.8274 -7.25% or -$0.0660 from its 5-day moving average. ATNF is currently trading -21.12% lower than its 20-day SMA and -60.56% lower than its 100-day SMA. However, the stock’s current price level is -28.47% below the SMA50 and -91.58% below the SMA200.
The stochastic %K and %D were 21.93% and 14.57%, respectively, and the average true range (ATR) was 0.1224. With the 14-day stochastic at 35.80% and the average true range at 0.1053, the RSI (14) stands at 35.16%. The stock has reached -0.0575 on the 9-day MACD Oscillator while the 14-day reading was at -0.0985.
Analyst Ratings
Maxim Group launched coverage on 180 Life Sciences Corp. (NASDAQ: ATNF) in its analyst report released on September 15, 2021. The firm assigned the stock a Buy rating. The consensus rating for 180 Life Sciences Corp. (ATNF) among analysts is Buy. According to current brokerage recommendations, 0 brokerage firms advise that investors sell ATNF, while 0 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 0 analysts, while 1 others rate it as a “buy”.
What is ATNF’s price target for the next 12 months?
Analysts predict a range of price targets between $4.00 and $4.00, with a median target of $4.00. Taking a look at these predictions, the average price target given by analysts for 180 Life Sciences Corp. (ATNF) stock is $4.00.
