In spite of Akerna Corp.’s (NASDAQ:KERN) recent upswing, most analysts remain bearish.

In the latest session, Akerna Corp. (NASDAQ: KERN) closed at $0.89 down -9.61% from its previous closing price of $0.99. In other words, the price has decreased by -$0.0951 from its previous closing price. On the day, 287120 shares were traded. KERN stock price reached its highest trading level at $1.0080 during the session, while it also had its lowest trading level at $0.8662.

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For a deeper understanding of Akerna Corp.’s stock, let’s take a closer look at its various ratios. For the most recent quarter (mrq), Quick Ratio is recorded 0.70 and its Current Ratio is at 0.70. In the meantime, Its Debt-to-Equity ratio is 0.81 whereas as Long-Term Debt/Eq ratio is at 0.26.

Upgrades & Downgrades

In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for this company, Lake Street on July 23, 2021, initiated with a Buy rating and assigned the stock a target price of $8.

On December 19, 2019, Alliance Global Partners started tracking the stock assigning a Buy rating and target price of $18.

Insider Transactions:

Additionally, insider trades can be beneficial to investors who want to learn what the management thinks about stock prices in the future. A recent insider transaction in this stock occurred on Dec 15 when Kane Matthew Ryan bought 99,600 shares for $2.00 per share. The transaction valued at 198,901 led to the insider holds 343,227 shares of the business.

Kane Matthew Ryan bought 100,400 shares of KERN for $200,298 on Dec 14. The Director now owns 243,627 shares after completing the transaction at $2.00 per share. On Dec 04, another insider, Thompson Cecil Ray JR, who serves as the Chief Operating Officer of the company, bought 1,120 shares for $2.23 each. As a result, the insider paid 2,500 and bolstered with 50,311 shares of the company.

Valuation Measures:

For the stock, the TTM Price-to-Sale (P/S) ratio is 0.17 while its Price-to-Book (P/B) ratio in mrq is 0.19.

Stock Price History:

Over the past 52 weeks, KERN has reached a high of $51.00, while it has fallen to a 52-week low of $0.92. The 50-Day Moving Average of the stock is 1.8810, while the 200-Day Moving Average is calculated to be 9.1525.

Shares Statistics:

For the past three months, KERN has traded an average of 645.65K shares per day and 365.05k over the past ten days. A total of 4.43M shares are outstanding, with a floating share count of 4.30M. Insiders hold about 0.20% of the company’s shares, while institutions hold 9.50% stake in the company. Shares short for KERN as of Oct 13, 2022 were 6.08M with a Short Ratio of 0.22M, compared to 1.43M on Sep 14, 2022. Therefore, it implies a Short% of Shares Outstanding of 7.56% and a Short% of Float of 7.80%.

Earnings Estimates

There are 1 different market analysts currently analyzing its stock. On average, analysts expect EPS of -$0.06 for the current quarter, with a high estimate of -$0.06 and a low estimate of -$0.06, while EPS last year was -$0.06. The consensus estimate for the next quarter is -$0.05, with high estimates of -$0.05 and low estimates of -$0.05.

Analysts are recommending an EPS of between -$1.07 and -$1.07 for the fiscal current year, implying an average EPS of -$1.07. EPS for the following year is -$0.24, with 2 analysts recommending between -$0.15 and -$0.33.

Revenue Estimates

A total of 2 analysts believe the company’s revenue will be $6.41M this quarter.It ranges from a high estimate of $7.16M to a low estimate of $5.65M. As of the current estimate, Akerna Corp.’s year-ago sales were $5.14M, an estimated increase of 24.80% from the year-ago figure. For the next quarter, 2 analysts are estimating revenue of $6.69M, an increase of 0.90% less than the figure of $24.80% in the same quarter last year. There is a high estimate of $6.94M for the next quarter, whereas the lowest estimate is $6.44M.

A total of 2 analysts have provided revenue estimates for KERN’s current fiscal year. The highest revenue estimate was $28.07M, while the lowest revenue estimate was $25.13M, resulting in an average revenue estimate of $26.6M. In the same quarter a year ago, actual revenue was $20.68M, up 28.60% from the average estimate. Based on 2 analysts’ estimates, the company’s revenue will be $29.16M in the next fiscal year. The high estimate is $31.78M and the low estimate is $26.54M. The average revenue growth estimate for next year is up 9.60% from the average revenue estimate for this year.