Investors aiming for above-average returns often turn to the practice of stock picking. Skillful choices in individual stocks can be a catalyst for substantial wealth growth.
The closing price of Akanda Corp (NASDAQ: AKAN) was $1.97 for the day, down -25.10% from the previous closing price of $2.63. In other words, the price has decreased by -$25.10 from its previous closing price. On the day, 1.02 million shares were traded. AKAN stock price reached its highest trading level at $2.6 during the session, while it also had its lowest trading level at $1.86.
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 286944 and an Enterprise Value of -1845551. For the stock, the TTM Price-to-Sale (P/S) ratio is 11.05 while its Price-to-Book (P/B) ratio in mrq is 0.43. Its current Enterprise Value per Revenue stands at -2.206 whereas that against EBITDA is 0.502.
Stock Price History:
The Beta on a monthly basis for AKAN is 1.73, which has changed by -0.8954534 over the last 52 weeks, in comparison to a change of 0.1726681 over the same period for the S&P500. Over the past 52 weeks, AKAN has reached a high of $46.45, while it has fallen to a 52-week low of $2.08. The 50-Day Moving Average of the stock is -55.53%, while the 200-Day Moving Average is calculated to be -86.73%.
Shares Statistics:
AKAN traded an average of 749.39K shares per day over the past three months and 649698 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 1767139200 were 30274 with a Short Ratio of 0.04, compared to 1764288000 on 24558. Therefore, it implies a Short% of Shares Outstanding of 30274 and a Short% of Float of 20.78.
