97 institutions hold shares in AquaBounty Technologies Inc. (AQB), with 846.3k shares held by insiders accounting for 1.19% while institutional investors hold 47.51% of the company’s shares. The shares outstanding are 47.12M, and float is at 42.42M with Short Float at 7.22%. Institutions hold 46.95% of the Float.
The top institutional shareholder in the company is Third Security, LLC with over 18.22 million shares valued at $159.61 million. The investor’s holdings represent 50.31% of the AQB Shares outstanding. As of Dec 30, 2020, the second largest holder is ARK Investment Management, LLC with 8.64 million shares valued at $75.69 million to account for 23.86% of the shares outstanding. The other top investors are Vanguard Group, Inc. (The) which holds 1.5 million shares representing 4.14% and valued at over $13.13 million, while EPIQ Partners, LLC holds 1.81% of the shares totaling 0.65 million with a market value of $5.74 million.
AquaBounty Technologies Inc. (NASDAQ: AQB) is -23.06% lower on its value in year-to-date trading and has touched a low of $1.60 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 $6.70 in the last trading session, with the day’s gains setting it 0.04% off its average median price target of $15.00 for the next 12 months. It is also 55.07% off the consensus price target high of $15.00 offered by 2 analysts, but current levels are 55.07% higher than the price target low of $15.00 for the same period.
Currently trading at $6.74, the stock is -2.59% and -19.40% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.23 million and changing 0.60% at the moment leaves the stock 18.20% off its SMA200. AQB registered 308.48% gain for a year compared to 6-month gain of 50.45%. The firm has a 50-day simple moving average (SMA 50) of $7.19 and a 200-day simple moving average (SMA200) of $6.86.
The stock witnessed a 3.53% loss in the last 1 month and extending the period to 3 months gives it a -26.34%, and is 4.82% 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 7.33% over the week and 10.57% over the month.
AquaBounty Technologies Inc. (AQB) has around 72 employees, a market worth around $475.30M and $0.10M in sales. Distance from 52-week low is 321.25% and -49.40% from its 52-week high. The company has generated returns on investments over the last 12 months (-13.10%).
AquaBounty Technologies Inc. (AQB) Analyst Forecasts
Analyst recommendations provided by FactSet shows that the consensus forecast for AquaBounty Technologies Inc. (AQB) is a “Overweight”. 2 analysts offering their recommendations for the stock have an average rating of 2.50, where 1 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.
AquaBounty Technologies Inc. is expected to release its quarterly report on 08/10/2021 and quarterly earnings per share for the current quarter are estimated at -$0.06 with sales reaching $290k over the same period.The EPS is expected to grow by 31.50% this year, but quarterly earnings will post 4,235.90% year-over-year. Quarterly sales are estimated to grow 4,042.90% in year-over-year returns.
AquaBounty Technologies Inc. (AQB) Insider Activity
A total of 57 insider transactions have happened at AquaBounty Technologies Inc. (AQB) in the last six months, with sales accounting for 3 and purchases happening 54 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).
AquaBounty Technologies Inc. (AQB): Who are the competitors?
The company’s main competitors (and peers) include Molecular Templates Inc. (MTEM) that is trading -1.19% down over the past 12 months. Short interest in the company’s stock has risen 48.37% from the last report on Feb 11, 2021 to stand at a total of 1.58 million short shares sold with a short interest ratio of 0.94.