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The closing price of Akanda Corp (NASDAQ: AKAN) was $0.09 for the day, down -12.62% from the previous closing price of $0.10. In other words, the price has decreased by -$12.62 from its previous closing price. On the day, 45.01 million shares were traded. AKAN stock price reached its highest trading level at $0.123 during the session, while it also had its lowest trading level at $0.0895.
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 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 1228824 and an Enterprise Value of 4835367. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.27 while its Price-to-Book (P/B) ratio in mrq is 0.02. Its current Enterprise Value per Revenue stands at 1.226 whereas that against EBITDA is -0.438.
Stock Price History:
The Beta on a monthly basis for AKAN is 1.56, which has changed by -0.9189189 over the last 52 weeks, in comparison to a change of 0.24191546 over the same period for the S&P500. Over the past 52 weeks, AKAN has reached a high of $2.70, while it has fallen to a 52-week low of $0.09. The 50-Day Moving Average of the stock is -48.75%, while the 200-Day Moving Average is calculated to be -78.66%.
Shares Statistics:
AKAN traded an average of 4.51M shares per day over the past three months and 8116460 shares per day over the past ten days. A total of 11.93M shares are outstanding, with a floating share count of 10.57M. Insiders hold about 11.42% of the company’s shares, while institutions hold 0.50% stake in the company. Shares short for AKAN as of 1713139200 were 1080948 with a Short Ratio of 0.24, compared to 1710460800 on 81407. Therefore, it implies a Short% of Shares Outstanding of 1080948 and a Short% of Float of 9.45.
