Beyond market averages, investors seeking exceptional growth focus on the art of stock selection. The right picks can significantly contribute to the expansion of your wealth.
The closing price of Akanda Corp (NASDAQ: AKAN) was $0.73 for the day, down -22.71% from the previous closing price of $0.94. In other words, the price has decreased by -$22.71 from its previous closing price. On the day, 3.23 million shares were traded. AKAN stock price reached its highest trading level at $0.8497 during the session, while it also had its lowest trading level at $0.6513.
Ratios:
Our analysis of AKAN’s different ratios will help us gain a deeper understanding of the company. For the most recent quarter (mrq), Quick Ratio is recorded 1.25 and its Current Ratio is at 1.25. In the meantime, Its Debt-to-Equity ratio is 0.12 whereas as Long-Term Debt/Eq ratio is at 0.02.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, AKAN now has a Market Capitalization of 529102 and an Enterprise Value of -1603413. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.46 while its Price-to-Book (P/B) ratio in mrq is 0.16. Its current Enterprise Value per Revenue stands at -1.916 whereas that against EBITDA is 0.436.
Stock Price History:
The Beta on a monthly basis for AKAN is 1.64, which has changed by -0.78043795 over the last 52 weeks, in comparison to a change of 0.12838376 over the same period for the S&P500. Over the past 52 weeks, AKAN has reached a high of $9.29, while it has fallen to a 52-week low of $0.74. The 50-Day Moving Average of the stock is -52.15%, while the 200-Day Moving Average is calculated to be -78.45%.
Shares Statistics:
AKAN traded an average of 2.94M shares per day over the past three months and 10939050 shares per day over the past ten days. A total of 0.73M shares are outstanding, with a floating share count of 0.73M. Insiders hold about 0.00% of the company’s shares, while institutions hold 0.01% stake in the company. Shares short for AKAN as of 1764288000 were 122794 with a Short Ratio of 0.04, compared to 1761868800 on 58061. Therefore, it implies a Short% of Shares Outstanding of 122794 and a Short% of Float of 16.860001.
