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Akanda Corp (NASDAQ: AKAN) closed the day trading at $0.63 up 3.37% from the previous closing price of $0.61. In other words, the price has increased by $3.37 from its previous closing price. On the day, 1.52 million shares were traded. AKAN stock price reached its highest trading level at $0.6444 during the session, while it also had its lowest trading level at $0.5768.
Ratios:
For a better understanding of AKAN, let’s look at its different ratios. For the most recent quarter (mrq), Quick Ratio is recorded 1.25 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 461881 and an Enterprise Value of -1670629. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.28 while its Price-to-Book (P/B) ratio in mrq is 0.14. Its current Enterprise Value per Revenue stands at -1.997 whereas that against EBITDA is 0.454.
Stock Price History:
The Beta on a monthly basis for AKAN is 1.69, which has changed by -0.8724156 over the last 52 weeks, in comparison to a change of 0.13153219 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 $0.59. The 50-Day Moving Average of the stock is -52.85%, while the 200-Day Moving Average is calculated to be -80.56%.
Shares Statistics:
Over the past 3-months, AKAN traded about 3.65M shares per day on average, while over the past 10 days, AKAN traded about 11188870 shares per day. 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 0.03, compared to 1761868800 on 58061. Therefore, it implies a Short% of Shares Outstanding of 122794 and a Short% of Float of 16.860001.
