The stock of Akumin Inc. (NASDAQ:AKU) increased by $0.01 on Tuesday to finish at $0.15, up 11.62 percent. The last five days have seen an average of 3,101,900 shares of common stock traded. 10 times new highs were reached in the current year, with a fall of -$0.5641. The average number of shares traded over the last 20 days was 1,047,275, while the average volume over the last 50 days totaled 1,527,602.
AKU stock appreciated 6.69% since last month. On 09/12/23, the company’s shares reached a one-month low of $0.1261. The stock touched a high of $2.22 on 02/07/23, after rallying from a low of $0.12 in 52 weeks. The price of AKU stock has declined by -78.48% or -$0.5641 this year, reaching a new high 10 times. Still, the stock price is down -93.03% from the 52-week high.
Top 5 AI Stocks to Buy for 2023
The artificial intelligence (AI) revolution is already here. And it's about to change everything we know about everything.
According to Grand View Research, the global AI boom could grow from about $137 billion in 2022 to more than $1.81 trillion by 2030. And investors like you always want to get in on the hottest stocks of tomorrow. Here are five of the best ways to profit from the AI boom.
Click Here to Download the FREE Report.
Sponsored
Valuation Metrics
Beta for the stock is 0.49. There are also a few other valuation ratios worth considering, including the trailing price-to-sales (P/S) ratio of 0.02, and the price-to-cash flow ratio of 0.65.
Financial Health
For the recent quarter, Akumin Inc.’s quick ratio was 1.00, while its current ratio was 1.00, indicating its ability to pay off its debt. As far as profitability goes, gross margin for the trailing twelve months is 24.10% percent. Akumin Inc.’s EBITDA margin for the recent year was 18.41%, whereas its operating margin stood at -12.60% for the same period. Based on annual data, it had gross profit of $141.25 million and revenue of $749.63 million.
Investors will also look at the performance of the company’s management in order to determine the potential profitability of their investment. AKU’s return on assets (ROA) during the last 12 months has been -13.10%. There was a -3.00% return on investment (ROI) in the past year. In the meantime, the return on equity (ROE) for the last 12 months was 286.00%.
Earnings Surprise
A lower net income was reported in the quarter under review than the previous quarter. Net income for the quarter came in at $184.84 million, while revenues fell by -3.94% to $187.59 million. EBITDA was -$29.47 million for the quarter. At the end of Akumin Inc.’s most recent quarter, its liabilities totaled 1.66 billion, while its total debt was $1.48 billion. Equity owned by shareholders amounts to $91.0 million.
Technical Picture
Here’s a quick look at Akumin Inc.’s (AKU) price momentum from a technical perspective. As of 19 September, the RSI 9-day stood at 59.51%, suggesting the stock is Neutral, with a 84.71% historical volatility rate.
The stochastic %K and %D were 29.82% and 28.75% respectively, while the average true range (ATR) was 0.0266. Based on the 14-day stochastic reading of 23.29%, the RSI (14) reading is 52.05%. On the 9-day MACD Oscillator, the stock is at 0.0065.
Analyst Ratings
Analysts have assigned Akumin Inc. (AKU) an Buy rating. AKU is a stock that is recommended for selling by 0 brokerage firms, while 0 companies recommend holding. The stock is underweighted by 0 analysts. Among the analysts who rate the stock, 0 rates it overweight and 1 other recommend it as a buy.
What is AKU’s price target for the next 12 months?
The current consensus forecast for the stock is between $1.50 and $1.50, with a median target price of $1.50. In analyzing these forecasts, the average price target given by analysts for Akumin Inc. (AKU) is $1.50.
