AquaBounty Technologies Inc. (AQB) – Don’t Be So Quick to Call it Dead

73 institutions hold shares in AquaBounty Technologies Inc. (AQB), with 3.26M shares held by insiders accounting for 7.24% while institutional investors hold 54.18% of the company’s shares. The shares outstanding are 38.91M, and float is at 26.72M with Short Float at 4.04%. Institutions hold 50.26% of the Float.

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The top institutional shareholder in the company is Third Security, LLC with over 18.25 million shares valued at $81.78 million. The investor’s holdings represent 25.91% of the AQB Shares outstanding. As of Sep 29, 2020, the second largest holder is ARK Investment Management, LLC with 3.86 million shares valued at $17.3 million to account for 5.48% of the shares outstanding. The other top investors are Vanguard Group, Inc. (The) which holds 1.11 million shares representing 1.57% and valued at over $4.95 million, while EPIQ Partners, LLC holds 0.93% of the shares totaling 0.65 million with a market value of $5.74 million.

AquaBounty Technologies Inc. (NASDAQ: AQB) is -7.99% lower on its value in year-to-date trading and has touched a low of $1.59 and a high of $13.32 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The AQB stock was last observed hovering at around $8.28 in the last trading session, with the day’s loss setting it -0.22% off its average median price target of $9.00 for the next 12 months. It is also 46.27% off the consensus price target high of $15.00 offered by 3 analysts, but current levels are -79.11% lower than the price target low of $4.50 for the same period.

Currently trading at $8.06, the stock is -18.84% and -14.80% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 2.48 million and changing -2.66% at the moment leaves the stock 59.00% off its SMA200. AQB registered 345.30% gain for a year compared to 6-month gain of 173.22%. The firm has a 50-day simple moving average (SMA 50) of $9.94 and a 200-day simple moving average (SMA200) of $6.04.

The stock witnessed a -26.39% loss in the last 1 month and extending the period to 3 months gives it a 114.93%, and is -12.86% down 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 6.97% over the week and 9.20% over the month.

AquaBounty Technologies Inc. (AQB) has around 64 employees, a market worth around $529.46M and $0.10M in sales. Distance from 52-week low is 406.92% and -39.49% from its 52-week high. The company has generated returns on investments over the last 12 months (-46.40%).

AquaBounty Technologies Inc. (AQB) Analyst Forecasts

Analyst recommendations provided by FactSet shows that the consensus forecast for AquaBounty Technologies Inc. (AQB) is a “Buy”. 3 analysts offering their recommendations for the stock have an average rating of 1.70, where 0 rate it as a Hold and 0 think it is a “Overweight”. 3 of the analysts rate the stock as a “Buy”. 0 analysts have rated the stock as a Sell or Underperform.

AquaBounty Technologies Inc. is expected to release its quarterly report on 05/11/2021 and quarterly earnings per share for the current quarter are estimated at -$0.08 with sales reaching $280k over the same period.The EPS is expected to grow by 17.30% this year, but quarterly earnings will post 93.50% year-over-year. Quarterly sales are estimated to grow 460.00% in year-over-year returns.

AquaBounty Technologies Inc. (AQB) Insider Activity

A total of 52 insider transactions have happened at AquaBounty Technologies Inc. (AQB) in the last six months, with sales accounting for 3 and purchases happening 49 times. The most recent transaction is an insider purchase by HUBER RICHARD L, the company’s Director. SEC filings show that HUBER RICHARD L bought 10,000 shares of the company’s common stock on Dec 14 at a price of $6.50 per share for a total of $65000.0. Following the purchase, the insider now owns 71311.0 shares.

AquaBounty Technologies Inc. disclosed in a document filed with the SEC on Aug 11 that Czypinski Alana (Director) bought a total of 4,000,000 shares of the company’s common stock. The trade occurred on Aug 11 and was made at $2.50 per share for $10.0 million. Following the transaction, the insider now directly holds 9.18 million shares of the AQB stock.

Still, SEC filings show that on Aug 11, KIRK RANDAL J (10% Owner) acquired 4,000,000 shares at an average price of $2.50 for $10.0 million. The insider now directly holds 9,175,000 shares of AquaBounty Technologies Inc. (AQB).

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AquaBounty Technologies Inc. (AQB): Who are the competitors?

The company’s main competitors (and peers) include Molecular Templates Inc. (MTEM) that is trading -34.03% down over the past 12 months. Short interest in the company’s stock has fallen -60.19% from the last report on Dec 30, 2020 to stand at a total of 1.73 million short shares sold with a short interest ratio of 0.39.

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