The stock of 180 Life Sciences Corp (ATNF) has gone down by -9.44% for the week, with a 160.29% rise in the past month and a 102.44% rise in the past quarter. The volatility ratio for the week is 29.51%, and the volatility levels for the past 30 days are 24.73% for ATNF. The simple moving average for the last 20 days is 65.47% for ATNF’s stock, with a simple moving average of 85.72% for the last 200 days.
Is It Worth Investing in 180 Life Sciences Corp (NASDAQ: ATNF) Right Now?
Analysts have mixed views on the stock, with 1 analysts rating it as a “buy,” 0 as “overweight,” 0 as “hold,” and 0 as “sell.”
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The public float for ATNF is 0.49M, and currently, short sellers hold a 16.05% ratio of that float. The average trading volume of ATNF on October 25, 2024 was 1.78M shares.
ATNF) stock’s latest price update
The stock price of 180 Life Sciences Corp (NASDAQ: ATNF) has jumped by 17.40 compared to previous close of 3.88. Despite this, the company has seen a fall of -9.44% in its stock price over the last five trading days. accesswire.com reported 2024-10-16 that PALO ALTO, CA / ACCESSWIRE / October 16, 2024 / 180 Life Sciences Corp. (NASDAQ:ATNF)(“180” or the “Company”), today released the following letter to stockholders from its Interim Chief Executive Officer, Blair Jordan. Dear Stockholders: We are excited to announce that 180 is planning to strategically enter into the online gaming industry, utilizing its newly acquired “back-end” gaming platform, which incorporates blockchain technology and full cryptocurrency operability (the “Gaming Technology Platform”).
Analysts’ Opinion of ATNF
Many brokerage firms have already submitted their reports for ATNF stocks, with Maxim Group repeating the rating for ATNF by listing it as a “Buy.” The predicted price for ATNF in the upcoming period, according to Maxim Group is $11 based on the research report published on September 15, 2021 of the previous year 2021.
ATNF Trading at 102.87% from the 50-Day Moving Average
After a stumble in the market that brought ATNF to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -74.34% of loss for the given period.
Volatility was left at 24.73%, however, over the last 30 days, the volatility rate increased by 29.51%, as shares surge +164.88% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +130.57% upper at present.
During the last 5 trading sessions, ATNF fell by -11.53%, which changed the moving average for the period of 200-days by -21.96% in comparison to the 20-day moving average, which settled at $2.75. In addition, 180 Life Sciences Corp saw 12.29% in overturn over a single year, with a tendency to cut further gains.
Insider Trading
Reports are indicating that there were more than several insider trading activities at ATNF starting from Feldmann Marc, who sale 25,000 shares at the price of $0.19 back on Dec 15 ’23. After this action, Feldmann Marc now owns 115,497 shares of 180 Life Sciences Corp, valued at $4,700 using the latest closing price.
Woody James N., the Chief Executive Officer of 180 Life Sciences Corp, purchase 25,000 shares at $0.19 during a trade that took place back on Dec 15 ’23, which means that Woody James N. is holding 66,888 shares at $4,700 based on the most recent closing price.
Stock Fundamentals for ATNF
Current profitability levels for the company are sitting at:
- -53.78 for the present operating margin
- 0.38 for the gross margin
The net margin for 180 Life Sciences Corp stands at -75.59. The total capital return value is set at 85.3. Equity return is now at value -398.58, with -142.80 for asset returns.
Based on 180 Life Sciences Corp (ATNF), the company’s capital structure generated 18.2 points at debt to capital in total, while cash flow to debt ratio is standing at -9.59. The debt to equity ratio resting at -1.06. The interest coverage ratio of the stock is -180.49.
Currently, EBITDA for the company is -13.37 million with net debt to EBITDA at 0.08. When we switch over and look at the enterprise to sales, we see a ratio of 23.78. The receivables turnover for the company is 16.67for trailing twelve months and the total asset turnover is 0.04. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.58.
Conclusion
To put it simply, 180 Life Sciences Corp (ATNF) has had a mixed performance in recent times. Analysts have a bullish opinion on the stock, with some rating it as a “buy” and others as 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.
