Akanda Corp (AKAN) Stock Records -23.49% Quarterly Movement

The stock of Akanda Corp (AKAN) has gone down by -18.32% for the week, with a -26.95% drop in the past month and a -23.49% drop in the past quarter. The volatility ratio for the week is 18.82%, and the volatility levels for the past 30 days are 16.18% for AKAN.

Is It Worth Investing in Akanda Corp (NASDAQ: AKAN) Right Now?

compared to its average ratio and a 36-month beta value of 1.94.

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The public float for AKAN is 2.72M, and currently, short sellers hold a 0.20% ratio of that float. The average trading volume of AKAN on February 12, 2024 was 1.04 shares.

AKAN) stock’s latest price update

Akanda Corp (NASDAQ: AKAN)’s stock price has plunge by 0.32Nevertheless, the company has seen a -18.32% plunge in its stock price over the last five trading sessions. PennyStocks reported 2023-05-04 that Use these technical indicators when trading penny stocks The post The Penny Stock Trader’s Guide to Technical Indicators appeared first on Penny Stocks to Buy, Picks, News and Information | PennyStocks.com.

AKAN Trading at 1811.79% 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 -89.14% of loss for the given period.

Volatility was left at 16.18%, however, over the last 30 days, the volatility rate increased by 18.82%, as shares sank -28.58% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -25.03% lower at present.

During the last 5 trading sessions, AKAN fell by -18.32%, which changed the moving average for the period of 200-days by -68.49% in comparison to the 20-day moving average, which settled at $0.3923. In addition, Akanda Corp saw -27.03% in overturn over a single year, with a tendency to cut further losses.

Stock Fundamentals for AKAN

Equity return is now at value -54.24, with -38.17 for asset returns.

Conclusion

To put it simply, Akanda Corp (AKAN) has had a bad performance in recent times. Analysts have a mixed opinion on the stock, with some rating it as a “buy” and others as a “hold”. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.

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