Akanda Corp. (NASDAQ:AKAN) went down by -11.38% from its latest closing price compared to the recent 1-year high of $31.00. The company’s stock price has collected 32.86% of gains in the last five trading sessions.
Is It Worth Investing in Akanda Corp. (NASDAQ :AKAN) Right Now?
AKAN currently public float of 8.37M and currently shorts hold a 0.38% ratio of that float. Today, the average trading volume of AKAN was 725.66K shares.
AKAN’s Market Performance
AKAN stocks went up by 32.86% for the week, with a monthly jump of 2.83% and a quarterly performance of -85.27%. The volatility ratio for the week stands at 36.51% while the volatility levels for the past 30 days are set at 15.99% for Akanda Corp. The simple moving average for the period of the last 20 days is 18.07% for AKAN stocks with a simple moving average of -80.97% for the last 200 days.
AKAN Trading at -77.27% from the 50-Day Moving Average
After a stumble in the market that brought AKAN to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -96.48% of loss for the given period.
Volatility was left at 15.99%, however, over the last 30 days, the volatility rate increased by 36.51%, as shares sank -0.91% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -87.13% lower at present.
During the last 5 trading sessions, AKAN rose by +32.86%, in comparison to the 20-day moving average, which settled at $0.9227. In addition, Akanda Corp. saw -89.62% in overturn over a single year, with a tendency to cut further losses.