Akerna Corp (NASDAQ:KERN) traded with an addition of $0.02 to $0.19 on Thursday, an upside of 12.14 percent. An average of 2,671,883 shares of common stock have been traded in the last five days. There was a fall of -$0.0125 in the past week, and it reached a new high 5 times over the past 12 months. The last 20 days have seen an average of 1,395,296 shares traded, while the 50-day average volume stands at 618,324.
KERN stock has decreased by -35.03% in the last month. The company shares reached their 1-month lowest point of $0.1700 on 09/28/23. With the stock rallying to its 52-week high on 01/27/23, shares of the company touched a low of $0.17 and a high of $2.80 in 52 weeks. It has reached a new high 9 times so far this year and lost -71.76% or -$0.4837 in price. In spite of this, the price is down -93.03% from the 52-week high.
Valuation Metrics
Akerna Corp (KERN) has a trailing price-to-earnings (P/E) ratio of N/A for the broader industry. The stock’s beta is 2.77. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 0.12.
Financial Health
The quick ratio of Akerna Corp for the three months ended June 29 was 0.20, and the current ratio was 0.20, indicating that the company is not able to meet its debt obligations. Its gross profit as reported stood at $8.23 million compared to revenue of $13.64 million.
Earnings Surprise
For the three-month period that ended June 29, Akerna Corp had $2.49 million in total debt. The analyst consensus anticipated Akerna Corp’s latest quarter earnings to come in at -$0.32 per share, but it turned out to be -$0.52, a -62.50% surprise. For the quarter, EBITDA amounted to -$1.47 million. Shareholders own equity worth $7.8 million.
Technical Picture
From a technical analysis perspective, let’s take a brief look at Akerna Corp (KERN) price momentum. RSI 9-day as of the close on 27 September was 38.45%, suggesting the stock is Neutral, with historical volatility in this time frame at 148.65%.
As of today, KERN’s price is $0.1933 -5.71% or -$0.0125 from its 5-day moving average. KERN is currently trading -31.17% lower than its 20-day SMA and -73.18% lower than its 100-day SMA. However, the stock’s current price level is -66.20% below the SMA50 and -79.35% below the SMA200.
The stochastic %K and %D were 6.40% and 4.71%, respectively, and the average true range (ATR) was 0.0606. With the 14-day stochastic at 13.52% and the average true range at 0.0590, the RSI (14) stands at 36.40%. The stock has reached -0.0231 on the 9-day MACD Oscillator while the 14-day reading was at -0.0578.
Analyst Ratings
Lake Street launched coverage on Akerna Corp (NASDAQ: KERN) in its analyst report released on July 23, 2021. The firm assigned the stock a Buy rating.
