Why should you buy stock in Aphria Inc. (APHA)?

Aphria Inc. (NASDAQ: APHA) is 21.24% higher on its value in year-to-date trading and has touched a low of $1.95 and a high of $8.88 in the current 52-week trading range. The APHA stock was last observed hovering at around $8.39 in the last trading session, with the day’s gains setting it 0.95% off its average median price target of $8.79 for the next 12 months. It is also 4.69% off the consensus price target high of $9.80 offered by 11 analysts, but current levels are -70.44% lower than the price target low of $5.48 for the same period.

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Currently trading at $9.34, the stock is 23.13% and 38.99% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 9.57 million and changing 11.31% at the moment leaves the stock 90.32% off its SMA200. APHA registered 78.13% gain for a year compared to 6-month gain of 94.66%. The firm has a 50-day simple moving average (SMA 50) of $7.51 and a 200-day simple moving average (SMA200) of $5.45.

The stock witnessed a -1.18% loss in the last 1 month and extending the period to 3 months gives it a 70.88%, and is 23.02% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 5.86% over the week and 5.92% over the month.

Current P/E ratio is 28.06. Distance from 52-week low is 378.90% and 5.16% from its 52-week high.

Aphria Inc. (APHA) Analyst Forecasts

Analyst recommendations provided by FactSet shows that the consensus forecast for Aphria Inc. (APHA) is a “Overweight”. 11 analysts offering their recommendations for the stock, where 3 rate it as a Hold and 2 think it is a “Overweight”. 6 of the analysts rate the stock as a “Buy”. 0 analysts have rated the stock as a Sell or Underperform.

Aphria Inc. is expected to release its quarterly report on 04/19/2021..

Aphria Inc. (APHA) Top Institutional Holders

213 institutions hold shares in Aphria Inc. (APHA), with 40.51k shares held by insiders accounting for 0.01% while institutional investors hold 13.82% of the company’s shares. The shares outstanding are 289.34M, and float is at 289.02M with Short Float at 7.51%. Institutions hold 13.82% of the Float.

The top institutional shareholder in the company is Vanguard Group, Inc. (The) with over 7.5 million shares valued at $33.22 million. The investor’s holdings represent 2.51% of the APHA Shares outstanding. As of Sep 29, 2020, the second largest holder is ETF Managers Group, LLC with 4.95 million shares valued at $21.92 million to account for 1.66% of the shares outstanding. The other top investors are Susquehanna International Group, LLP which holds 2.3 million shares representing 0.77% and valued at over $10.17 million, while Peconic Partners, LLC holds 0.68% of the shares totaling 2.02 million with a market value of $8.93 million.

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