Akanda Corp (NASDAQ:AKAN) does about 1.03M shares in volume on a normal day but saw 1336757 shares change hands in the recent trading day. The company now has a market cap of 2.05M USD. Its current market price is $1.07, marking a decrease of -2.73% compared to the previous close of $1.10. The 52 week high reached by this stock is $28.40 whilst the lowest price level in 52 weeks is $0.91.
Akanda Corp (AKAN) has a 20-day trading average at $1.0724 and the current price is -96.23% off the 52-week high compared with 17.50% distance from its 52-week low. The 50-day simple moving average of the closing price is $1.1795 and its 200-day simple moving average is $5.2135. If we look at the stock’s price movements over the week, volatility stands at 15.21%, which decreases to 10.62% over 1 month. It is also key to look at other market indicators of price movement for the stock, where we see that the relative strength index (RSI) is at 46.68 to suggest the stock is neutral.
The current price level is -0.22%, -9.28%, and -79.48% away from its SMA20, SMA50, and SMA200 respectively, with the AKAN price moving above the 50-day SMA on current market day. Akanda Corp (AKAN) stock is up 4.90% over the week and -8.55% over the past month. Its price is -93.93% year-to-date and -94.40% over the past year.
Outstanding shares total 5.63M with insiders holding 1.28% of the shares and institutional holders owning 0.49% of the company’s common stock. The company has a return on equity of -279.79%. The beta has a value of 1.49. Price to sales ratio is 0.95.
