Akanda Corp (NASDAQ:AKAN) saw an upside of 5.74% to $0.62 after adding $0.03 on Wednesday. The 5-day average trading volume is 252,458 shares of the company’s common stock. It has gained $0.6800 in the past week and touched a new high 4 times within the past 5 days. An average of 921,020 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 538,262.
AKAN’s 1-month performance is 39.99% or $0.1890 on its low of $0.4435 reached on 08/29/23. The company’s shares have touched a 52-week low of $0.44 and high of $6.35, with the stock’s rally to the 52-week high happening on 01/26/23. YTD, AKAN has lost -58.06% or -$0.8500 and has reached a new high 9 times. However, the current price is down -90.16% from the 52-week high price.
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Valuation Metrics
AKAN stock has a beta of 1.68. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 0.81 while the price-to-book (PB) in the most recent quarter is 0.08.
Akanda Corp’s quick ratio for the recent period was 0.21, with the current ratio over the same period at 0.41. In terms of profitability, the gross margin trailing 12 months is -391.77%. 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 26 September was 49.23% to suggest the stock is trending Neutral, with historical volatility in this time period at 152.86%.
The stock’s 5-day moving average is $0.6092, reflecting a +6.49% or $0.0390 change from its current price. AKAN is currently trading +36.61% above its 20-day SMA, -43.86% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by -7.25% and SMA200 by-65.41%.
Stochastic %K and %D was 14.92% and 14.69% and the average true range (ATR) pointed at 0.1130. The RSI (14) points at 50.08%, while the 14-day stochastic is at 17.98% with the period’s ATR at 0.1097. The stock’s 9-day MACD Oscillator is pointing at -0.0295 and -0.0826 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.
