Analytical Overview: Akanda Corp (AKAN)’s Ratios Tell a Financial Story

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As of close of business last night, Akanda Corp’s stock clocked out at $2.34, up 2.63% from its previous closing price of $2.28. In other words, the price has increased by $2.63 from its previous closing price. On the day, 1.39 million shares were traded. AKAN stock price reached its highest trading level at $2.88 during the session, while it also had its lowest trading level at $2.2817.

Ratios:

To gain a deeper understanding of AKAN’s stock, we examine its different ratios. For the most recent quarter (mrq), Quick Ratio is recorded 0.05 and its Current Ratio is at 0.18.

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 4485031 and an Enterprise Value of 5788883. For the stock, the TTM Price-to-Sale (P/S) ratio is 2.08. Its current Enterprise Value per Revenue stands at 2.68 whereas that against EBITDA is -1.01.

Stock Price History:

The Beta on a monthly basis for AKAN is 1.47, which has changed by -0.9225166 over the last 52 weeks, in comparison to a change of 0.26238096 over the same period for the S&P500. Over the past 52 weeks, AKAN has reached a high of $42.00, while it has fallen to a 52-week low of $2.12. The 50-Day Moving Average of the stock is -35.17%, while the 200-Day Moving Average is calculated to be -82.34%.

Shares Statistics:

It appears that AKAN traded 1.36M shares on average per day over the past three months and 820150 shares per day over the past ten days. A total of 5.63M shares are outstanding, with a floating share count of 1.89M. Insiders hold about 1.50% of the company’s shares, while institutions hold 0.25% stake in the company. Shares short for AKAN as of 1715731200 were 20948 with a Short Ratio of 0.04, compared to 1713139200 on 27023. Therefore, it implies a Short% of Shares Outstanding of 20948 and a Short% of Float of 2.6199998.

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