Akerna Corp. (KERN) – Don’t Be So Quick to Call it Dead

Akerna Corp. (NASDAQ: KERN) is 103.70% higher on its value in year-to-date trading and has touched a low of $2.17 and a high of $11.49 in the current 52-week trading range. The KERN stock was last observed hovering at around $5.93 in the last trading session, with the day’s gains setting it 0.67% off its average median price target of $8.00 for the next 12 months. It is also 17.5% off the consensus price target high of $8.00 offered by 1 analysts, but current levels are 17.5% higher than the price target low of $8.00 for the same period.


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Currently trading at $6.60, the stock is 62.57% and 81.59% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 13.69 million and changing 11.30% at the moment leaves the stock 12.02% off its SMA200. KERN registered -8.84% loss for a year compared to 6-month loss of -11.05%. The firm has a 50-day simple moving average (SMA 50) of $3.94 and a 200-day simple moving average (SMA200) of $4.80.

The stock witnessed a 88.57% gain in the last 1 month and extending the period to 3 months gives it a 36.65%, and is 57.71% 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 29.43% over the week and 13.79% over the month.

Akerna Corp. (KERN) has around 136 employees, a market worth around $107.18M and $13.10M in sales. Distance from 52-week low is 204.15% and -42.56% from its 52-week high. The company has generated returns on investments over the last 12 months (-35.90%).

Akerna Corp. (KERN) Analyst Forecasts

Analyst recommendations provided by FactSet shows that the consensus forecast for Akerna Corp. (KERN) is a “Buy”. 1 analysts offering their recommendations for the stock have an average rating of 2.00, where 0 rate it as a Hold and 0 think it is a “Overweight”. 1 of the analysts rate the stock as a “Buy”. 0 analysts have rated the stock as a Sell or Underperform.

Akerna Corp. is expected to release its quarterly report on 11/18/2021 and quarterly earnings per share for the current quarter are estimated at -$0.21 with sales reaching $4.02M over the same period.The EPS is expected to grow by 36.20% this year, but quarterly earnings will post 68.30% year-over-year. Quarterly sales are estimated to grow 26.80% in year-over-year returns.

Akerna Corp. (KERN) Top Institutional Holders

64 institutions hold shares in Akerna Corp. (KERN), with 7.69M shares held by insiders accounting for 39.05% while institutional investors hold 15.35% of the company’s shares. The shares outstanding are 14.06M, and float is at 11.46M with Short Float at 8.04%. Institutions hold 9.36% of the Float.

The top institutional shareholder in the company is Blackrock Inc. with over 0.42 million shares valued at $1.53 million. The investor’s holdings represent 2.86% of the KERN Shares outstanding. As of Sep 29, 2020, the second largest holder is Creative Planning with 0.37 million shares valued at $1.34 million to account for 2.51% of the shares outstanding. The other top investors are Vanguard Group, Inc. (The) which holds 0.2 million shares representing 1.38% and valued at over $0.74 million, while State Street Corporation holds 0.73% of the shares totaling 0.11 million with a market value of $0.39 million.

Akerna Corp. (KERN) Insider Activity

A total of 0 insider transactions have happened at Akerna Corp. (KERN) in the last six months, with sales accounting for 0 and purchases happening 0 times. The most recent transaction is an insider sale by Billingsley Jessica, the company’s Chairman of the Board & CEO. SEC filings show that Billingsley Jessica sold 110,000 shares of the company’s common stock on Jun 16 at a price of $10.05 per share for a total of $1.11 million. Following the sale, the insider now owns 1.16 million shares.

Akerna Corp. disclosed in a document filed with the SEC on Jun 09 that Billingsley Jessica (Chairman of the Board & CEO) sold a total of 10,000 shares of the company’s common stock. The trade occurred on Jun 09 and was made at $10.44 per share for $0.1 million. Following the transaction, the insider now directly holds 1.27 million shares of the KERN stock.

Still, SEC filings show that on Jun 08, Billingsley Jessica (Chairman of the Board & CEO) disposed off 60,000 shares at an average price of $10.50 for $0.63 million. The insider now directly holds 1,275,802 shares of Akerna Corp. (KERN).

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