AquaBounty Technologies Inc. [AQB] moved down -1.52: Why It’s Important

AquaBounty Technologies Inc. [NASDAQ: AQB] loss -1.52% or -0.14 points to close at $9.38 with a heavy trading volume of 7239616 shares. The company report on February 9, 2021 that AquaBounty Technologies, Inc. Announces Closing of $127.1 Million Public Offering of Common Stock, Including Full Exercise of Overallotment Option.

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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 closing of its previously announced underwritten public offering of 14,950,000 shares of common stock of the Company at a price to the public of $8.50 per share, which includes the underwriters’ full exercise of their option to purchase 1,950,000 shares at the public offering price less underwriting discounts and commissions. The gross proceeds to AquaBounty from the offering are approximately $127.1 million, before deducting underwriting discounts and commissions and offering expenses.

Oppenheimer & Co. Inc. and Lake Street Capital Markets, LLC acted as joint book-running managers for this offering.

It opened the trading session at $9.75, the shares rose to $9.82 and dropped to $8.88, the range by which the price of stock traded the whole day. The daily chart for AQB points out that the company has recorded 273.71% gains over the past six months. However, it is still -517.11% lower than its most recent low trading price.

If we look at the average trading volume of 4.35M shares, AQB reached to a volume of 7239616 in the most recent trading day, which is why market watchdogs consider the stock to be active.

Here is what top equities market gurus are saying about 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 $9.50 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 1.07, with the Price to Sales ratio for AQB stock in the period of the last 12 months amounting to 5014.55. The Price to Book ratio for the last quarter was 6.25.

Trading performance analysis for AQB stock

AquaBounty Technologies Inc. [AQB] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -12.58. With this latest performance, AQB shares gained by 3.53% in over the last four-week period, additionally plugging by 273.71% over the last 6 months – not to mention a rise of 517.11% 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 46.08, with the RSI for the last a single of trading hit 40.76, and the three-weeks RSI is set at 49.60 for AquaBounty Technologies Inc. [AQB]. The present Moving Average for the last 50 days of trading for this stock 9.25, while it was recorded at 9.48 for the last single week of trading, and 4.86 for the last 200 days.

AquaBounty Technologies Inc. [AQB]: A deeper dive into fundamental analysis

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.

AquaBounty Technologies Inc. [AQB]: An earnings per share (EPS) analysis

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.

An analysis of insider ownership at AquaBounty Technologies Inc. [AQB]

There are presently around $252 million, or 50.20% 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 $36.21 million in AQB stocks shares; and VANGUARD GROUP INC, currently with $10.37 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 March and at the time of the March reporting period, where 42 institutional holders increased their position in AquaBounty Technologies Inc. [NASDAQ:AQB] by around 8,350,091 shares. Additionally, 26 investors decreased positions by around 1,656,013 shares, while 15 investors held positions by with 16,845,748 shares. The mentioned changes placed institutional holdings at 26,851,852 shares, according to the latest SEC report filing. AQB stock had 25 new institutional investments in for a total of 617,537 shares, while 14 institutional investors sold positions of 190,395 shares during the same period.

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