In the quest to outshine the broader market, stock pickers diligently seek out stocks with the potential for superior performance. Making the right choices can significantly elevate your wealth.
In the latest session, Akanda Corp (NASDAQ: AKAN) closed at $0.09 down -6.60% from its previous closing price of $0.10. In other words, the price has decreased by -$6.60 from its previous closing price. On the day, 12.2 million shares were traded. AKAN stock price reached its highest trading level at $0.097 during the session, while it also had its lowest trading level at $0.0895.
Ratios:
For a deeper understanding of Akanda Corp’s stock, let’s take a closer look at its various 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 1079692 and an Enterprise Value of 4366776. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.50. Its current Enterprise Value per Revenue stands at 2.022 whereas that against EBITDA is -0.757.
Stock Price History:
The Beta on a monthly basis for AKAN is 1.59, which has changed by -0.90761906 over the last 52 weeks, in comparison to a change of 0.22379243 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 -43.35%, while the 200-Day Moving Average is calculated to be -77.94%.
Shares Statistics:
For the past three months, AKAN has traded an average of 8.82M shares per day and 29815290 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 0.12, compared to 1710460800 on 81407. Therefore, it implies a Short% of Shares Outstanding of 1080948 and a Short% of Float of 9.45.
