Investigating a stock’s 52-week price history, covering the range of low and high prices, can provide significant information about its present state and future potential. Akanda Corp’s current trading price is -95.68% away from its 52-week high, while its distance from the 52-week low is -17.89%. The stock’s price range during this period has varied between $0.14 and $2.70. The company, active in the Healthcare sector, saw a trading volume of around 79.1 million for the day, considerably higher average daily volume of 0.85 million observed over the last three months.
Akanda Corp had a pretty Dodgy run when it comes to the market performance. Over the past year, the company’s stock reached a high of $2.70 on 05/03/23, while the lowest price during the same period was $0.14 on 03/28/24.
How Financial Performance Impacts Market Capitalization
Akanda Corp (AKAN) has experienced a quarterly decline of -73.19% in its revenues when compared to the same period in the previous year. Presently, the company has a total market capitalization of 0.99M and boasts a workforce of 46 employees.
The Role of Moving Averages and Trading Volume in Technical Analysis
Based on Barchart.com data, the company’s moving average over the 100-day period was 0.3634, with a change in price of -0.3234. Similarly, Akanda Corp recorded 1,354,160 in trading volume during the last 100 days, posting a change of -73.50%.
How AKAN’s Debt-to-Equity Ratio Affects Financial Health
A company’s financial condition and market reputation can be evaluated using the debt-to-equity (D/E) ratio. This ratio, calculated by dividing a company’s total liabilities by its shareholders’ equity, indicates the proportion of debt a company employs to back its assets in relation to its shareholders’ equity. At the time of writing, the total D/E ratio for AKAN stands at 0.24. Similarly, the long-term debt-to-equity ratio is also 0.11.
AKAN Stock Stochastic Average
As of today, the raw stochastic average of Akanda Corp over the last 50 days is at 2.08%. This shows a declinee from the raw stochastic average of the previous 20 days, which was recorded at 6.27%. Further, the company’s Stochastic %K and %D values for the last 20 days were 11.39% and 18.07%, respectively.
AKAN Stock Price Performance Analysis
Investors have been left with mixed emotions regarding the stock price performance over the year, as it’s been a mixed bag. This year’s metric has recorded a Price decrease of -73.53%. However, over the past six months, we’ve seen a stronger performance of -79.79%. The price of AKAN leaped by -56.25% over the last 30 days. And in the last five days, it has fallen by -44.21%.
