Those aspiring to outpace the market meticulously engage in the process of selecting individual stocks. Strategic choices can be instrumental in accelerating your wealth.
Akanda Corp (NASDAQ: AKAN) closed the day trading at $1.21 down -3.97% from the previous closing price of $1.26. In other words, the price has decreased by -$3.97 from its previous closing price. On the day, 0.55 million shares were traded. AKAN stock price reached its highest trading level at $1.3472 during the session, while it also had its lowest trading level at $1.13.
Ratios:
For a better understanding of AKAN, let’s look at its different ratios. For the most recent quarter (mrq), Quick Ratio is recorded 1.39 and its Current Ratio is at 1.39. In the meantime, Its Debt-to-Equity ratio is 0.08 whereas as Long-Term Debt/Eq ratio is at 0.00.
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 2753839 and an Enterprise Value of -731992. For the stock, the TTM Price-to-Sale (P/S) ratio is 3.28 while its Price-to-Book (P/B) ratio in mrq is 0.58. Its current Enterprise Value per Revenue stands at -0.875 whereas that against EBITDA is 0.168.
Stock Price History:
The Beta on a monthly basis for AKAN is 1.63, which has changed by -0.53100777 over the last 52 weeks, in comparison to a change of 0.14460516 over the same period for the S&P500. Over the past 52 weeks, AKAN has reached a high of $2.82, while it has fallen to a 52-week low of $0.93. The 50-Day Moving Average of the stock is -6.14%, while the 200-Day Moving Average is calculated to be -14.39%.
Shares Statistics:
Over the past 3-months, AKAN traded about 283.48K shares per day on average, while over the past 10 days, AKAN traded about 175270 shares per day. A total of 2.28M shares are outstanding, with a floating share count of 2.28M. Insiders hold about 0.02% of the company’s shares, while institutions hold 1.31% stake in the company. Shares short for AKAN as of 1753920000 were 25217 with a Short Ratio of 0.09, compared to 1751241600 on 76556. Therefore, it implies a Short% of Shares Outstanding of 25217 and a Short% of Float of 1.11.
