Akanda Corp (AKAN) Stock: A Year of Highs and Lows in the Market


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 -93.55% away from its 52-week high, while its distance from the 52-week low is 23.18%. The stock’s price range over this period has fluctuated between $2.20 and $42.00. The company, operating within the financial sector, had a trading volume of approximately 1.62 million for the day, which was noticeably higher than the average daily share volume of 1.24 million over the last 3 months.

Akanda Corp experienced a somewhat shaky performance in the stock market. The company’s stock reached a 1-year high of $42.00 on 09/11/23, while the lowest price for the same period was registered at $2.20 on 06/10/24.

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Exploring Financial Performance and Market Capitalization: A Comprehensive Analysis

Akanda Corp (AKAN) has experienced a quarterly decline of -63.12% in its revenues when compared to the same period in the previous year. Presently, the company has a total market capitalization of 5.20M and boasts a workforce of 5 employees.

Analyzing Trading Volume and Moving Average Trends

Based on Barchart.com data, the company’s moving average over the 100-day period was 7.53, with a change in price of -16.89. Similarly, Akanda Corp recorded 820,393 in trading volume during the last 100 days, posting a change of -86.17%.

AKAN Stock Stochastic Average

Today, Akanda Corp’s raw stochastic average for the past 50 days stands at 2.73%, indicating a rise from the raw stochastic average of the last 20 days, which was 2.73%. Moreover, the company’s Stochastic %K and %D values over the past 20 days were 1.28% and 0.96% respectively.

AKAN Stock Price Performance Analysis

A mixed performance in the stock price over the year has left investors with either an optimistic or pessimistic outlook, depending on their point of view. The metric has seen a significant loss of -84.62% since the start of this calendar year. Looking back over the last six months, we can see a stronger performance of -86.03%. Over the past 30 days, the price of AKAN has leaped by -25.96%. And in the last five days, it has surged by 2.26%.

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