The stock of Akili Inc. (NASDAQ: AKLI) has decreased by -28.66 when compared to last closing price of 0.92.Despite this, the company has seen a loss of -38.36% in its stock price over the last five trading days. Seeking Alpha reported 2023-08-13 that Akili, Inc. (NASDAQ:AKLI ) Q2 2023 Earnings Conference Call August 10, 2023 4:30 PM ET Company Participants Julie DiCarlo – Senior Vice President, Communications Eddie Martucci – Chief Executive Officer Matt Franklin – President and Chief Operating Officer Santosh Shanbhag – Chief Financial Officer Scott Kollins – Chief Medical Officer Conference Call Participants Judah Frommer – Credit Suisse Gus Paul – Morgan Stanley Rahul Rakhit – LifeSci Capital Operator Good afternoon, ladies and gentlemen, and welcome to the Akili, Inc. Second Quarter 2023 Earnings Conference Call. [Operator Instructions] This call is being recorded on Thursday, August 10, 2023.
Is It Worth Investing in Akili Inc. (NASDAQ: AKLI) Right Now?
Akili Inc. (NASDAQ: AKLI) has a higher price-to-earnings ratio of 29.98x compared to its average ratio,, and the 36-month beta value for AKLI is at 1.21. Analysts have varying views on the stock, with 3 analysts rating it as a “buy,” 0 rating it as “overweight,” 1 as “hold,” and 0 as “sell.”
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The average price suggested by analysts for AKLI is $3.83, which is $3.17 above the current market price. The public float for AKLI is 63.48M, and currently, shorts hold a 0.19% of that float. The average trading volume for AKLI on September 18, 2023 was 43.38K shares.
AKLI’s Market Performance
AKLI’s stock has seen a -38.36% decrease for the week, with a -34.69% drop in the past month and a -48.47% fall in the past quarter. The volatility ratio for the week is 23.09%, and the volatility levels for the past 30 days are at 10.62% for Akili Inc. The simple moving average for the past 20 days is -32.06% for AKLI’s stock, with a -50.21% simple moving average for the past 200 days.
Analysts’ Opinion of AKLI
Many brokerage firms have already submitted their reports for AKLI stocks, with BofA Securities repeating the rating for AKLI by listing it as a “Neutral.” The predicted price for AKLI in the upcoming period, according to BofA Securities is $2 based on the research report published on November 18, 2022 of the previous year 2022.
AKLI Trading at -38.50% from the 50-Day Moving Average
After a stumble in the market that brought AKLI to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -86.03% of loss for the given period.
Volatility was left at 10.62%, however, over the last 30 days, the volatility rate increased by 23.09%, as shares sank -33.64% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -43.14% lower at present.
During the last 5 trading sessions, AKLI fell by -38.36%, which changed the moving average for the period of 200-days by -54.82% in comparison to the 20-day moving average, which settled at $0.9541. In addition, Akili Inc. saw -41.11% in overturn over a single year, with a tendency to cut further losses.
Insider Trading
Reports are indicating that there were more than several insider trading activities at AKLI starting from Martucci Walter Edward II, who sale 2,353 shares at the price of $1.05 back on Sep 11. After this action, Martucci Walter Edward II now owns 3,150,180 shares of Akili Inc., valued at $2,471 using the latest closing price.
Franklin Matthew, the President & COO of Akili Inc., sale 1,728 shares at $1.05 during a trade that took place back on Sep 11, which means that Franklin Matthew is holding 753,898 shares at $1,814 based on the most recent closing price.
Stock Fundamentals for AKLI
Equity return is now at value 1.50, with 1.10 for asset returns.
The liquidity ratio also appears to be rather interesting for investors as it stands at 0.47.
Conclusion
In conclusion, Akili Inc. (AKLI) has had a bad performance lately. Opinion on the stock among analysts is bullish, with some giving it a “buy” rating and others a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
