For AquaBounty Technologies Inc. [AQB], Analyst sees a rise to $5. What next?

AquaBounty Technologies Inc. [NASDAQ: AQB] price plunged by -19.26 percent to reach at -$1.67. The company report on December 10, 2020 that AquaBounty Technologies, Inc. Announces Pricing of $56.7 Million Upsized Public Offering of Common Stock.

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AquaBounty Technologies, Inc. (Nasdaq: AQB) (“AquaBounty” or the “Company”), a land-based aquaculture company utilizing technology to enhance productivity and sustainability, announced the pricing of its previously announced underwritten public offering of 8,720,000 shares of common stock of the Company at a price to the public of $6.50 per share. AquaBounty expects to receive aggregate gross proceeds of approximately $56.7 million from the offering. In addition, the Company has granted the underwriters of the offering a 30-day option to purchase up to 1,308,000 additional shares of common stock at the public offering price, less underwriting discounts and commissions. The offering is expected to close on or about December 14, 2020, subject to customary closing conditions.

Oppenheimer & Co. Inc. and Lake Street Capital Markets, LLC are acting as joint book-running managers for this offering. National Securities Corporation, a wholly owned subsidiary of National Holdings Corporation (NASDAQ:NHLD), is acting as co-manager for the offering.

A sum of 16529077 shares traded at recent session while its average daily volume was at 2.12M shares. AquaBounty Technologies Inc. shares reached a high of $7.46 and dropped to a low of $6.715 until finishing in the latest session at $7.00.

The one-year AQB stock forecast points to a potential downside of -44.93. The average equity rating for AQB stock is currently 1.70, trading closer to a bullish pattern in the stock market.

Guru’s Opinion on AquaBounty Technologies Inc. [AQB]:

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for AQB shares is $4.83 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on AQB stock is a recommendation set at 1.70. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.

Lake Street have made an estimate for AquaBounty Technologies Inc. shares, keeping their opinion on the stock as Buy, with their previous recommendation back on March 12, 2020.

The Average True Range (ATR) for AquaBounty Technologies Inc. is set at 1.02, with the Price to Sales ratio for AQB stock in the period of the last 12 months amounting to 2460.50. The Price to Book ratio for the last quarter was 4.67.

AQB Stock Performance Analysis:

AquaBounty Technologies Inc. [AQB] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 11.11. With this latest performance, AQB shares gained by 71.57% in over the last four-week period, additionally plugging by 181.12% over the last 6 months – not to mention a rise of 233.33% in the past year of trading.

Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for AQB stock in for the last two-week period is set at 59.02, with the RSI for the last a single of trading hit 55.90, and the three-weeks RSI is set at 60.33 for AquaBounty Technologies Inc. [AQB]. The present Moving Average for the last 50 days of trading for this stock 4.72, while it was recorded at 8.50 for the last single week of trading, and 3.25 for the last 200 days.

Insight into AquaBounty Technologies Inc. Fundamentals:

Operating Margin for any stock indicates how profitable investing would be, and AquaBounty Technologies Inc. [AQB] shares currently have an operating margin of -6976.96 and a Gross Margin at -2502.45. AquaBounty Technologies Inc.’s Net Margin is presently recorded at -7083.53.

Return on Total Capital for AQB is now -46.87, given the latest momentum, and Return on Invested Capital for the company is -47.84. Return on Equity for this stock declined to -56.29, with Return on Assets sitting at -45.69. When it comes to the capital structure of this company, AquaBounty Technologies Inc. [AQB] has a Total Debt to Total Equity ratio set at 21.09. Additionally, AQB Total Debt to Total Capital is recorded at 17.41, with Total Debt to Total Assets ending up at 16.57. Long-Term Debt to Equity for the company is recorded at 20.14, with the Long-Term Debt to Total Capital now at 16.63.

Reflecting on the efficiency of the workforce at the company, AquaBounty Technologies Inc. [AQB] managed to generate an average of -$206,682 per employee. Receivables Turnover for the company is 2.18 with a Total Asset Turnover recorded at a value of 0.01.AquaBounty Technologies Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 17.10 and a Current Ratio set at 18.30.

AQB Stock EPS

With the latest financial reports released by the company, AquaBounty Technologies Inc. posted -0.16/share EPS, while the average EPS was predicted by analysts to be reported at -0.13/share. When compared, the two values demonstrate that the company fail the estimates by a Surprise Factor of -23.10%. The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for AQB.

AquaBounty Technologies Inc. [AQB] Insider Position Details

There are presently around $189 million, or 59.80% of AQB stock, in the hands of institutional investors. The top three institutional holders of AQB stocks are: THIRD SECURITY, LLC with ownership of 18,253,912, which is approximately 28.062% of the company’s market cap and around 0.30% of the total institutional ownership; ARK INVESTMENT MANAGEMENT LLC, holding 3,860,659 shares of the stock with an approximate value of $27.02 million in AQB stocks shares; and VANGUARD GROUP INC, currently with $7.74 million in AQB stock with ownership of nearly 106.693% of the company’s market capitalization.

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Positions in AquaBounty Technologies Inc. stocks held by institutional investors increased at the end of November and at the time of the November reporting period, where 39 institutional holders increased their position in AquaBounty Technologies Inc. [NASDAQ:AQB] by around 8,763,674 shares. Additionally, 18 investors decreased positions by around 1,288,316 shares, while 16 investors held positions by with 16,965,664 shares. The mentioned changes placed institutional holdings at 27,017,654 shares, according to the latest SEC report filing. AQB stock had 23 new institutional investments in for a total of 496,735 shares, while 8 institutional investors sold positions of 105,226 shares during the same period.

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