Akanda Corp Stock Price on May 3, 2024
| AKAN Stock | USD 1.70 0.08 4.94% |
If you're considering investing in Akanda Stock, it is important to understand the factors that can impact its price. As of today, the current price of Akanda Corp stands at 1.70, as last reported on the 29th of November, with the highest price reaching 1.98 and the lowest price hitting 1.62 during the day. Akanda Corp secures Sharpe Ratio (or Efficiency) of -0.0865, which signifies that the company had a -0.0865% return per unit of standard deviation over the last 3 months. Akanda Corp exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Akanda Corp's mean deviation of 3.62, and Risk Adjusted Performance of (0.08) to double-check the risk estimate we provide.
At this time, Akanda Corp's Common Stock Shares Outstanding is very stable compared to the past year. As of the 29th of November 2024, Liabilities And Stockholders Equity is likely to grow to about 16.5 M, though Total Stockholder Equity is likely to grow to (3.6 M). . As of the 29th of November 2024, Price Earnings To Growth Ratio is likely to grow to 0.02, while Price To Sales Ratio is likely to drop 68.16. Akanda Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
Akanda |
Sharpe Ratio = -0.0865
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Estimated Market Risk
| 4.54 actual daily | 40 60% of assets are more volatile |
Expected Return
| -0.39 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| -0.09 actual daily | 0 Most of other assets perform better |
Based on monthly moving average Akanda Corp is not performing at its full potential. However, if added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of Akanda Corp by adding Akanda Corp to a well-diversified portfolio.
Price Book 0.5307 | Enterprise Value Ebitda (0.80) | Price Sales 0.967 | Shares Float 1.3 M | Earnings Share (524.76) |
Akanda Corp Valuation on May 3, 2024
It is possible to determine the worth of Akanda Corp on a given historical date. On May 3, 2024 Akanda was worth 7.46 at the beginning of the trading date compared to the closed value of 7.24. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Akanda Corp stock. Still, in general, we apply an absolute valuation method to find Akanda Corp's value based on its fundamental and technical indicators available within our service. As compared to an absolute model, our relative valuation model uses a comparative analysis of Akanda Corp where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Akanda Corp's related companies.
| Open | High | Low | Close | Volume | |
| 8.35 | 9.20 | 7.52 | 7.75 | 243,203 | |
05/03/2024 | 7.46 | 7.76 | 7.16 | 7.24 | 157,121 |
| 7.51 | 7.51 | 7.04 | 7.28 | 108,302 |
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Akanda Corp Trading Date Momentum on May 3, 2024
| On May 06 2024 Akanda Corp was traded for 7.28 at the closing time. The top price for the day was 7.51 and the lowest listed price was 7.04 . The trading volume for the day was 108.3 K. The trading history from May 6, 2024 was a factor to the next trading day price boost. The overall trading delta against the next closing price was 0.55% . The overall trading delta against the current closing price is 3.59% . |
Akanda Corp Fundamentals Correlations and Trends
By evaluating Akanda Corp's financials over time, investors can gain insight into future company performance. However, you can also analyze the published financial statements to find patterns among Akanda Corp's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Akanda financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Akanda Corp Stock history
Akanda Corp investors dedicate a lot of time and effort to gaining insight into how a market's past behavior relates to its future. Access to timely market data for Akanda is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Akanda Corp will depend on recognizing future opportunities and eliminating past mistakes. Historical data analysis is the study of market behavior over a given time. Recorded market-related data such as price, volatility, and volume can be quantified and studied over a defined period. Through a detailed examination of a market's past behavior, traders and investors can gain perspective on the inner workings of that market. The information obtained throughout analyzing Akanda Corp stock prices may prove useful in developing a viable investing in Akanda Corp
| Last Reported | Projected for Next Year | ||
| Common Stock Shares Outstanding | 4.5 M | 4.7 M | |
| Net Loss | -10.5 M | -10 M |
Akanda Corp Stock Technical Analysis
Akanda Corp technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.
Price Boundaries
Akanda Corp Period Price Range
Low | November 29, 2024
| High |
0.00 | 0.00 |
Akanda Corp cannot be verified against its exchange. Please verify the symbol is currently traded on NASDAQ Exchange. If you still believe the symbol you are trying to look up is valid, please let us know, and we will check it as soon as possible.
Akanda Corp November 29, 2024 Market Strength
Market strength indicators help investors to evaluate how Akanda Corp stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Akanda Corp shares will generate the highest return on investment. By undertsting and applying Akanda Corp stock market strength indicators, traders can identify Akanda Corp entry and exit signals to maximize returns
Akanda Corp Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Akanda Corp's price direction in advance. Along with the technical and fundamental analysis of Akanda Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Akanda to make sure they correctly time the market and exploit it's hidden potentials. Even though most predictive indicators are useful for the short-term horizon, it's virtually impossible to predict the unforeseen market. For traders with a short-term horizon, predictive indicators add value when properly applied. Long-term investors, however, may find many predictive indicators less useful.
| Risk Adjusted Performance | (0.08) | |||
| Jensen Alpha | (0.72) | |||
| Total Risk Alpha | (1.24) | |||
| Treynor Ratio | (0.34) |
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Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Akanda Corp. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in nation. To learn how to invest in Akanda Stock, please use our How to Invest in Akanda Corp guide.You can also try the Equity Forecasting module to use basic forecasting models to generate price predictions and determine price momentum.
Is Biotechnology space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Akanda Corp. If investors know Akanda will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Akanda Corp listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (524.76) | Revenue Per Share 9.388 | Quarterly Revenue Growth 2.705 | Return On Assets (0.26) | Return On Equity (2.43) |
The market value of Akanda Corp is measured differently than its book value, which is the value of Akanda that is recorded on the company's balance sheet. Investors also form their own opinion of Akanda Corp's value that differs from its market value or its book value, called intrinsic value, which is Akanda Corp's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Akanda Corp's market value can be influenced by many factors that don't directly affect Akanda Corp's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Akanda Corp's value and its price as these two are different measures arrived at by different means. Investors typically determine if Akanda Corp is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Akanda Corp's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.