Akumin Inc (NASDAQ:AKU) saw an upside of 7.05% to $0.16 after adding $0.01 on Wednesday. The 5-day average trading volume is 710,526 shares of the company’s common stock. It has gained $0.1599 in the past week and touched a new high 3 times within the past 5 days. An average of 1,106,597 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 1,545,337.
AKU’s 1-month performance is 1.08% or -$0.0062 on its low of $0.1261 reached on 09/12/23. The company’s shares have touched a 52-week low of $0.12 and high of $2.18, with the stock’s rally to the 52-week high happening on 02/07/23. YTD, AKU has lost -77.81% or -$0.5592 and has reached a new high 10 times. However, the current price is down -92.68% from the 52-week high price.
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Valuation Metrics
AKU stock has a beta of 0.46. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 0.02 while the price to cash flow ratio at 0.68.
Akumin Inc’s quick ratio for the recent period was 0.99, with the current ratio over the same period at 0.99. In terms of profitability, the gross margin trailing 12 months is 9.19%. The trailing 12-month EBITDA margin is 18.41%. The firm’s gross profit as reported stood at $141.25 million against revenue of $749.63 million.
Earnings Surprise
Net income and sales went down compared to those figures reported in the previous quarter. Net income grew 68.47% to -$96.65 million, while revenue of -$35.15 million was 63.63% off the previous quarter. EBITDA for the quarter stood at more than -$29.47 million. AKU stock balance sheet for the recent quarter shows that total liabilities totaled 1.66 billion, with total debt at $1.48 billion. Shareholders hold equity totaling $91.0 million.
Let’s look briefly at Akumin Inc (AKU) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 26 September was 61.78% to suggest the stock is trending Neutral, with historical volatility in this time period at 105.94%.
The stock’s 5-day moving average is $0.1453, reflecting a +5.70% or $0.0086 change from its current price. AKU is currently trading +6.05% above its 20-day SMA, -72.01% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by -1.48% and SMA200 by-84.50%.
Stochastic %K and %D was 19.35% and 14.90% and the average true range (ATR) pointed at 0.0226. The RSI (14) points at 55.10%, while the 14-day stochastic is at 27.28% with the period’s ATR at 0.0228. The stock’s 9-day MACD Oscillator is pointing at 0.0042 and 0.0085 on the 14-day charts.
Analyst Ratings
Analysts offering their rating for AKU stock have a consensus rating for the stock as Buy. Currently, 0 brokerage advisors rate AKU as a “sell,”, while 0 advise that investors “Hold.” 0 analysts have rated the stock as underweight. 0 rates the stock as overweight while 1 have offered a “buy” rating.
What is AKU’s price target for the next 12 months?
Analysts have a consensus price target ranging from a low of $1.50 and a high of $1.50, with their median price target at $1.50. Looking at these predictions, the average price target given by analysts is for Akumin Inc (AKU) stock is $1.50.
