For the readers interested in the stock health of Akanda Corp. (AKAN). It is currently valued at $0.18. When the transactions were called off in the previous session, Stock hit the highs of $0.2049, after setting-off with the price of $0.20. Company’s stock value dipped to $0.17 during the trading on the day. When the trading was stopped its value was $0.21.Recently in News on December 21, 2022, Akanda Corp.’s Chief Executive Officer On Paid Leave of Absence. International medical cannabis platform company Akanda Corp. (“Akanda” or the “Company”) (NASDAQ: AKAN) today announced that Chief Executive Officer Tej Virk has been on a paid leave of absence both administrative and personal since November 30, 2022, pending an independent investigation being conducted by Canmart Directors and counsel. During his leave, Mr. Virk is not expected to perform any responsibilities as the Chief Executive Officer of the Company or any responsibilities as an officer of any of the Company’s subsidiaries. You can read further details here
Price records that include history of low and high prices in the period of 52 weeks can tell a lot about the stock’s existing status and the future performance. Presently, Akanda Corp. shares are logging -99.41% during the 52-week period from high price, and 47.95% higher than the lowest price point for the same timeframe. The stock’s price range for the 52-week period managed to maintain the performance between $0.12 and $31.00.
The company’s shares, operating in the sector of Healthcare managed to top a trading volume set approximately around 2700188 for the day, which was evidently higher, when compared to the average daily volumes of the shares.
When it comes to the year-to-date metrics, the Akanda Corp. (AKAN) recorded performance in the market was 23.22%, having the revenues showcasing -30.72% on a quarterly basis in comparison with the same period year before. At the time of this writing, the total market value of the company is set at 6.25M.
Specialists analysis on Akanda Corp. (AKAN)
During the last month, 0 analysts gave the Akanda Corp. a BUY rating, 0 of the polled analysts branded the stock as an OVERWEIGHT, 0 analysts were recommending to HOLD this stock, 0 of them gave the stock UNDERWEIGHT rating, and 0 of the polled analysts provided SELL rating.
According to the data provided on Barchart.com, the moving average of the company in the 100-day period was set at 0.3174, with a change in the price was noted -0.62. In a similar fashion, Akanda Corp. posted a movement of -77.10% for the period of last 100 days, recording 831,430 in trading volumes.
Trends and Technical analysis: Akanda Corp. (AKAN)
Raw Stochastic average of Akanda Corp. in the period of last 50 days is set at 29.20%. The result represents downgrade in oppose to Raw Stochastic average for the period of the last 20 days, recording 35.86%. In the last 20 days, the company’s Stochastic %K was 45.07% and its Stochastic %D was recorded 51.74%.
Now, considering the stocks previous presentation, multiple moving trends are noted. Year-to-date Price performance of the company’s stock appears to be pessimistic, given the fact the metric is recording 23.22%. The shares increased approximately by -6.13% in the 7-day charts and went down by 30.96% in the period of the last 30 days. Common stock shares were lifted by -30.72% during last recorded quarter.