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Positives for Akanda Corp (AKAN) as stock gains in recent trading

Akanda Corp (NASDAQ: AKAN) is -66.49% lower on its value in year-to-date trading and has touched a low of $0.10 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 $0.12 in the last trading session, with the day’s gains setting it 0.03%.

Currently trading at $0.15, the stock is -18.45% and -46.71% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 10.24 million and changing 26.59% at the moment leaves the stock -69.52% off its SMA200. AKAN registered -85.24% loss for a year compared to 6-month loss of -74.15%. The firm has a 50-day simple moving average (SMA 50) of $1.45 and a 200-day simple moving average (SMA200) of -$0.53.

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The stock witnessed a -42.52% gain in the last 1 month and extending the period to 3 months gives it a -67.74%, and is -39.38% 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 51.24% over the week and 25.83% over the month.

Profit margin for the company is -378.85%. Distance from 52-week low is 41.92% and -94.53% from its 52-week high. The company has generated returns on investments over the last 12 months (-61.92%).


Akanda Corp (AKAN) Top Institutional Holders

3 institutions hold shares in Akanda Corp (AKAN), with institutional investors hold 0.63% of the company’s shares. The shares outstanding are 8.47M, and float is at 6.52M with Short Float at 1.25%. Institutions hold 0.50% 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.

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