At the last check on Thursday, Akerna Corp.’s (NASDAQ:KERN) stock was up $0.03, moving up 10.13 percent to $0.33. The average number of shares traded per day over the past five days has been 565,870 shares. 3 times new highs have been achieved over the past 5 days, with a $0.0030 gain in that time frame. In the last twenty days, the average volume was 181,493, while in the previous 50 days, it was 135,617.
Since last month, KERN stock retreated -36.58%. Shares of the company fell to $0.2785 on 08/29/23, the lowest level in the past month. A 52-week high of $4.76 was reached on 01/27/23 after having rallying from a 52-week low of $0.28. Since the beginning of this year, KERN’s stock price has dropped by -52.13% or -$0.3652, and marked a new high 9 times. However, the stock has declined by -93.06% since its 52-week high.
Valuation Metrics
Right now, Akerna Corp. (KERN) has a P/E ratio of about 0.09. The stock’s beta is 2.69.
Financial Health
In the three months ended June 29, Akerna Corp.’s quick ratio stood at 0.20, while its current ratio was 0.20, showing that the company is not able to pay off its debt. On the profitability front, the trailing twelve-month gross margin is 56.20% percent. Based on annual data, KERN earned $8.23 million in gross profit and brought in $13.64 million in revenue.
In Akerna Corp.’s quarter-end financial report for June 29, it reported total debt of $2.49 million. According to the earnings report, the company had a lower net income in the recent quarter than it did in the previous quarter. While analysts expected Akerna Corp. to report -$0.32 quarterly earnings, the actual figure was -$0.52 per share, beating the consensus estimate by -62.50%. During the quarter, the company generated -$1.47 million in EBITDA. The liabilities of Akerna Corp. were 14.57 million at the end of its most recent quarter ended June 29, and its total debt was $10.27 million. The value of shareholders’ equity is $7.8 million.
Technical Picture
This quick technical analysis looks at Akerna Corp.’s (KERN) price momentum. With a historical volatility rate of 86.30%, the RSI 9-day stood at 30.59% on 30 August.
With respect to its five-day moving average, the current Akerna Corp. price is up by +0.93% percent or $0.0030. At present, KERN shares trade -36.27% below its 20-day simple moving average and -59.38% percent below its 100-day simple moving average. However, the stock is currently trading approximately -47.68% below its SMA50 and -77.11% below its SMA200.
Stochastic coefficient K was 14.48% and Stochastic coefficient D was 11.88%, while ATR was 0.0636. Given the Stochastic reading of 23.08% for the 14-day period, the RSI (14) reading has been calculated as 28.65%. As of today, the MACD Oscillator reading stands at -0.0187, while the 14-day reading stands at -0.0556.
Analyst Ratings
Lake Street launched its rating on Akerna Corp. (NASDAQ: KERN) to a Buy in a note to investors on July 23, 2021. Akerna Corp. (KERN) has been rated Hold by analysts. According to 0 brokerage firms, KERN is a sell, and 1 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 0 analysts rate Akerna Corp. stock as buy, with 0 recommending it as overweight.
With a median target price of $0.80, the current consensus forecast for the stock is $0.80 – $0.80. Based on these forecasts, analysts predict Akerna Corp. (KERN) will achieve an average price target of $0.80.
