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Akanda Corp (AKAN) Stock: A Year of Stock Market Ups and Downs

Examining a stock’s 52-week price history, encompassing its low and high prices, can reveal much about its existing condition and potential future trajectory. Akanda Corp’s current trading price is -94.53% away from its 52-week high, while its distance from the 52-week low is 41.92%. The stock’s price range over this period has fluctuated between $0.10 and $2.70. The company, operating within the financial sector, had a trading volume of approximately 10.24 million for the day, which was noticeably higher than the average daily share volume of 2.14 million over the last 3 months.

The market performance of Akanda Corp’s stock has been turbulent in recent times. Over the last year, the company’s stock reached its highest point at $2.70 on 05/03/23, while the lowest value for the same duration was $0.10 on 03/28/24.

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Exploring Financial Performance and Market Capitalization: A Comprehensive Analysis

Akanda Corp (AKAN) has experienced a quarterly decline of -67.74% in its revenues when compared to the same period in the previous year. Presently, the company has a total market capitalization of 1.25M.

Analyzing Trading Volume and Moving Average Trends

Based on Barchart.com data, the company’s moving average over the 100-day period was 0.3604, with a change in price of -0.3024. Similarly, Akanda Corp recorded 1,457,542 in trading volume during the last 100 days, posting a change of -67.20%.

Understanding Ticker ‘s Debt-to-Equity Ratio: An Analysis

The debt-to-equity (D/E) ratio serves as an important indicator of a company’s financial stability and market position. By dividing a company’s total liabilities by its shareholders’ equity, the D/E ratio reveals the degree to which a company relies on debt to finance assets compared 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

Today, Akanda Corp’s raw stochastic average for the past 50 days stands at 7.19%, indicating a decline from the raw stochastic average of the last 20 days, which was 26.27%. Moreover, the company’s Stochastic %K and %D values over the past 20 days were 12.93% and 11.06% respectively.

AKAN Stock Price Performance Analysis

Depending on how one views it, the stock price performance for the year has been a mixed bag, resulting in either an optimistic or pessimistic outlook. This year’s metric has recorded a Price decrease of -66.49%. However, over the past six months, we’ve seen a stronger performance of -74.15%. The price of AKAN leaped by -42.52% over the last 30 days. And in the last five days, it has fallen by -39.38%.

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