Akanda Corp Stock Today

AKAN Stock  USD 1.67  0.03  1.76%   

Performance

0 of 100

 
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Odds Of Distress

Over 85

 
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Akanda Corp is selling at 1.67 as of the 5th of December 2024; that is 1.76% down since the beginning of the trading day. The stock's open price was 1.7. Akanda Corp has a very high chance of experiencing financial distress in the next few years of operation. It has also generated negative returns for investors over the last 90 days. Equity ratings for Akanda Corp are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 16th of December 2022 and ending today, the 5th of December 2024. Click here to learn more.
Business Domain
Pharmaceuticals, Biotechnology & Life Sciences
IPO Date
15th of March 2022
Category
Healthcare
Classification
Health Care
Akanda Corp., through its subsidiaries, engages in the cultivation, manufacture, and distribution of cannabis products in the United Kingdom, Lesotho, and internationally. The company was incorporated in 2021 and is headquartered in New Romney, the United Kingdom. The company has 1.43 M outstanding shares of which 86.9 K shares are presently shorted by private and institutional investors with about 0.11 trading days to cover. More on Akanda Corp

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Akanda Stock Highlights

Thematic IdeaHealth Management (View all Themes)
Business ConcentrationBiotechnology, Pharmaceuticals, Biotechnology & Life Sciences, Health Care, NASDAQ Composite, NASDAQ Health Care, Health Management, Health Care, Biotechnology, Drug Manufacturers—Specialty & Generic, Healthcare (View all Sectors)
Financial Strength
Current ValueLast YearChange From Last Year 10 Year Trend
Asset Turnover0.260.2443
Notably Up
Slightly volatile
Net Debt4.6 M3.9 M
Fairly Up
Slightly volatile
Total Current Liabilities8.4 M10.2 M
Significantly Down
Slightly volatile
Non Current Liabilities Total2.8 M2.5 M
Significantly Up
Slightly volatile
Total Assets16.5 M8.8 M
Way Up
Slightly volatile
Total Current Assets2.7 M1.8 M
Way Up
Slightly volatile
Debt Levels
Akanda Corp can leverage the use of borrowed funds to amplify returns from an investment. In general, analyzing the relationship between debt to total assets helps investors to understand Akanda Corp's financial leverage. It provides some insight into what part of Akanda Corp's total assets is financed by creditors.
Liquidity
Akanda Corp currently holds 4 M in liabilities with Debt to Equity (D/E) ratio of 0.03, which may suggest the company is not taking enough advantage from borrowing. Akanda Corp has a current ratio of 0.47, indicating that it has a negative working capital and may not be able to pay financial obligations when due. Note, when we think about Akanda Corp's use of debt, we should always consider it together with its cash and equity.

Begin Period Cash Flow

243,013
Akanda Corp (AKAN) is traded on NASDAQ Exchange in USA. It is located in 1a, 1b Learoyd Road, New Romney, United Kingdom, TN28 8XU and employs 6 people. Akanda Corp is listed under Biotechnology category by Fama And French industry classification. The company currently falls under 'Nano-Cap' category with a current market capitalization of 2.43 M. Akanda Corp conducts business under Biotechnology sector and is part of Health Care industry. The entity has 1.43 M outstanding shares of which 86.9 K shares are presently shorted by private and institutional investors with about 0.11 trading days to cover. Akanda Corp generates negative cash flow from operations
Check Akanda Corp Probability Of Bankruptcy
Ownership Allocation
Almost 98.35 percent of Akanda Corp outstanding shares are held by general public with 1.65 (percent) owned by insiders and only 0.0 % by other corporate entities.
Check Akanda Ownership Details

Akanda Stock Institutional Holders

InstituionRecorded OnShares
Tower Research Capital Llc2024-09-30
0.0
Virtu Financial Llc2024-06-30
0.0
Ubs Group Ag2024-06-30
0.0
Citadel Advisors Llc2024-06-30
0.0
Hrt Financial Llc2024-06-30
0.0
View Akanda Corp Diagnostics

Akanda Corp Historical Income Statement

At this time, Akanda Corp's Depreciation And Amortization is very stable compared to the past year. As of the 5th of December 2024, Interest Expense is likely to grow to about 416.5 K, while Net Interest Income is likely to drop (268.4 K). View More Fundamentals

Akanda Stock Against Markets

Akanda Corp Corporate Management

Thomas FlowChief OfficerProfile
BComm BComEx ChairmanProfile
Tejinder VirkCEO DirectorProfile
BA MAChief OfficerProfile
BCom BAccCFO SecProfile

Already Invested in Akanda Corp?

The danger of trading Akanda Corp is mainly related to its market volatility and Company specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of Akanda Corp is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than Akanda Corp. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Akanda Corp is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
When determining whether Akanda Corp offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Akanda Corp's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Akanda Corp Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Akanda Corp Stock:
Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Akanda Corp. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in nation.
To learn how to invest in Akanda Stock, please use our How to Invest in Akanda Corp guide.
You can also try the Fundamentals Comparison module to compare fundamentals across multiple equities to find investing opportunities.
Is Biotechnology space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Akanda Corp. If investors know Akanda will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Akanda Corp listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share
(524.76)
Revenue Per Share
9.388
Quarterly Revenue Growth
2.705
Return On Assets
(0.26)
Return On Equity
(2.43)
The market value of Akanda Corp is measured differently than its book value, which is the value of Akanda that is recorded on the company's balance sheet. Investors also form their own opinion of Akanda Corp's value that differs from its market value or its book value, called intrinsic value, which is Akanda Corp's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Akanda Corp's market value can be influenced by many factors that don't directly affect Akanda Corp's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Akanda Corp's value and its price as these two are different measures arrived at by different means. Investors typically determine if Akanda Corp is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Akanda Corp's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.