AquaBounty Technologies Inc (NASDAQ: AQB)’s stock price has dropped by -9.09 in relation to previous closing price of 0.99. Nevertheless, the company has seen a loss of -3.85% in its stock price over the last five trading days. zacks.com reported 2024-11-05 that AquaBounty Technologies, Inc. (AQB) came out with a quarterly loss of $0.88 per share versus the Zacks Consensus Estimate of a loss of $0.89. This compares to loss of $1.60 per share a year ago.
Is It Worth Investing in AquaBounty Technologies Inc (NASDAQ: AQB) Right Now?
Moreover, the 36-month beta value for AQB is 1.10. Analysts have varying opinions on the stock, with 0 analysts rating it as a “buy,” 0 as “overweight,” 1 as “hold,” and 0 as “sell.”
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The public float for AQB is 3.62M and currently, short sellers hold a 2.19% of that float. On December 03, 2024, AQB’s average trading volume was 24.22K shares.
AQB’s Market Performance
AQB stock saw a decrease of -3.85% in the past week, with a monthly decline of -24.37% and a quarterly a decrease of -11.76%. The volatility ratio for the week is 9.34%, and the volatility levels for the last 30 days are 5.34% for AquaBounty Technologies Inc (AQB). The simple moving average for the past 20 days is -11.73% for AQB’s stock, with a -42.63% simple moving average for the past 200 days.
Analysts’ Opinion of AQB
Many brokerage firms have already submitted their reports for AQB stocks, with H.C. Wainwright repeating the rating for AQB by listing it as a “Buy.” The predicted price for AQB in the upcoming period, according to H.C. Wainwright is $4.50 based on the research report published on November 09, 2021 of the previous year 2021.
ROTH Capital, on the other hand, stated in their research note that they expect to see AQB reach a price target of $6. The rating they have provided for AQB stocks is “Buy” according to the report published on October 08th, 2021.
Oppenheimer gave a rating of “Outperform” to AQB, setting the target price at $7 in the report published on July 01st of the previous year.
AQB Trading at -19.28% from the 50-Day Moving Average
After a stumble in the market that brought AQB to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -77.67% of loss for the given period.
Volatility was left at 5.34%, however, over the last 30 days, the volatility rate increased by 9.34%, as shares sank -23.73% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -15.09% lower at present.
During the last 5 trading sessions, AQB fell by -3.85%, which changed the moving average for the period of 200-days by -63.27% in comparison to the 20-day moving average, which settled at $1.0196. In addition, AquaBounty Technologies Inc saw -68.42% in overturn over a single year, with a tendency to cut further losses.
Stock Fundamentals for AQB
Current profitability levels for the company are sitting at:
- -17.81 for the present operating margin
- -8.26 for the gross margin
The net margin for AquaBounty Technologies Inc stands at -2760.74. The total capital return value is set at 0.0. Equity return is now at value -53.80, with -47.37 for asset returns.
Based on AquaBounty Technologies Inc (AQB), the company’s capital structure generated 0.05 points at debt to capital in total, while cash flow to debt ratio is standing at -3.25. The debt to equity ratio resting at 0.06. The interest coverage ratio of the stock is -9.59.
Currently, EBITDA for the company is -25.16 million with net debt to EBITDA at -0.07. When we switch over and look at the enterprise to sales, we see a ratio of 6.88. The receivables turnover for the company is 2.39for trailing twelve months and the total asset turnover is 0.01. The liquidity ratio also appears to be rather interesting for investors as it stands at 3.02.
Conclusion
To wrap up, the performance of AquaBounty Technologies Inc (AQB) has been bad in recent times. The stock has received a mixed of “buy” and “hold” ratings from analysts. 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.
