After finishing at $0.22 in the prior trading day, Akanda Corp (NASDAQ: AKAN) closed at $0.21, down -4.11%. In other words, the price has decreased by -$0.0121 from its previous closing price. On the day, 573447 shares were traded. AKAN stock price reached its highest trading level at $0.2197 during the session, while it also had its lowest trading level at $0.2060.
Ratios:
Our goal is to gain a better understanding of AKAN by taking a closer look at its different ratios. For the most recent quarter (mrq), Quick Ratio is recorded 0.14 and its Current Ratio is at 0.26. In the meantime, Its Debt-to-Equity ratio is 0.24 whereas as Long-Term Debt/Eq ratio is at 0.11.
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 1.42M and an Enterprise Value of 5.90M. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.22 while its Price-to-Book (P/B) ratio in mrq is 0.04. Its current Enterprise Value per Revenue stands at 1.49 whereas that against EBITDA is -0.55.
Stock Price History:
Over the past 52 weeks, AKAN has reached a high of $2.70, while it has fallen to a 52-week low of $0.21. The 50-Day Moving Average of the stock is 0.3787, while the 200-Day Moving Average is calculated to be 0.5450.
Shares Statistics:
The stock has traded on average 571.72K shares per day over the past 3-months and 1.17M shares per day over the last 10 days, according to various share statistics. A total of 3.46M shares are outstanding, with a floating share count of 3.05M. Insiders hold about 24.21% of the company’s shares, while institutions hold 1.48% stake in the company. Shares short for AKAN as of Feb 15, 2024 were 125.62k with a Short Ratio of 0.22, compared to 10.27k on Jan 12, 2024. Therefore, it implies a Short% of Shares Outstanding of 2.13% and a Short% of Float of 2.32%.
