Investors with the goal of beating the broader market often turn to stock selection. Strategic choices in individual stocks can have a profound impact on your wealth.
The closing price of Akanda Corp (NASDAQ: AKAN) was $0.47 for the day, down -1.38% from the previous closing price of $0.48. In other words, the price has decreased by -$1.38 from its previous closing price. On the day, 0.87 million shares were traded. AKAN stock price reached its highest trading level at $0.481 during the session, while it also had its lowest trading level at $0.447.
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 342296 and an Enterprise Value of -1790206. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.96 while its Price-to-Book (P/B) ratio in mrq is 0.10. Its current Enterprise Value per Revenue stands at -2.14 whereas that against EBITDA is 0.487.
Stock Price History:
The Beta on a monthly basis for AKAN is 1.66, which has changed by -0.9096805 over the last 52 weeks, in comparison to a change of 0.17673707 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 $0.42. The 50-Day Moving Average of the stock is -59.67%, while the 200-Day Moving Average is calculated to be -85.13%.
Shares Statistics:
AKAN traded an average of 3.84M shares per day over the past three months and 5531280 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 1765756800 were 903214 with a Short Ratio of 0.24, compared to 1763078400 on 146969. Therefore, it implies a Short% of Shares Outstanding of 903214 and a Short% of Float of 124.01998999999999.
