Akanda Corp (NASDAQ: AKAN) is -53.71% lower on its value in year-to-date trading and has touched a low of $0.15 and a high of $2.70 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 AKAN stock was last observed hovering at around $0.18 in the last trading session, with the day’s gains setting it 0.02%.
Currently trading at $0.20, the stock is -6.03% and -35.31% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 2.22 million and changing 14.26% at the moment leaves the stock -59.47% off its SMA200. AKAN registered -84.55% loss for a year compared to 6-month loss of -66.76%. The firm has a 50-day simple moving average (SMA 50) of $1.59 and a 200-day simple moving average (SMA200) of -$0.59.
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The stock witnessed a -30.50% gain in the last 1 month and extending the period to 3 months gives it a -54.70%, and is 24.25% 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 20.44% over the week and 15.43% over the month.
Akanda Corp (AKAN) has around 46 employees, a market worth around $0.82M and $3.94M in sales. Profit margin for the company is -378.85%. Distance from 52-week low is 35.93% and -92.45% from its 52-week high. The company has generated returns on investments over the last 12 months (-61.92%).
3 institutions hold shares in Akanda Corp (AKAN), with institutional investors hold 0.84% of the company’s shares. The shares outstanding are 3.46M, and float is at 3.10M with Short Float at 0.55%. Institutions hold 0.70% of the Float.
The top institutional shareholder in the company is Two Sigma Securities, LLC with over 13997.0 shares valued at $10357.0. The investor’s holdings represent 0.04% of the AKAN Shares outstanding. As of Jun 29, 2023, the second largest holder is Virtu Financial LLC with 13801.0 shares valued at $10212.0 to account for 0.04% of the shares outstanding.
