Saturday, April 10, 2021

Aphria Inc. [APHA] Revenue clocked in at $477.87 million, up 149.86% YTD: What’s Next?

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Aphria Inc. [NASDAQ: APHA] closed the trading session at $17.29 on 04/06/21. The day’s price range saw the stock hit a low of $17.16, while the highest price level was $18.19. The company report on April 5, 2021 that Aphria Inc. Announces Independent Proxy Advisory Firms ISS and Glass Lewis Recommend Shareholders Vote FOR the Proposed Aphria-Tilray Business Combination.

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Aphria Inc. (“Aphria”) (TSX: APHA) (Nasdaq: APHA), a leading global cannabis-lifestyle consumer packaged goods company, is pleased to announce that both Institutional Shareholder Services Inc. (“ISS”) and Glass Lewis and Co., LLC (“Glass Lewis”) have recommended that holders (the “Shareholders”) of common shares (the “Shares”) of Aphria vote FOR the special resolution (the “Aphria Resolution”) approving the previously announced arrangement (the “Arrangement”) to be completed pursuant to the Business Corporations Act (Ontario) pursuant to which, among other things, Tilray, Inc. (“Tilray”, and following the Arrangement, the “Combined Company”) will acquire all of the outstanding Shares of Aphria and the Shareholders will become holders of shares of Tilray (“Tilray Shares”). ISS and Glass Lewis are leading independent proxy advisory firms that provide voting recommendations to institutional shareholders.

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Favourable ISS and Glass Lewis Recommendations.

The stocks have a year to date performance of 149.86 percent and weekly performance of 2.01 percent. The stock has been moved at 292.06 percent over the last six months. The stock has performed 10.06 percent around the most recent 30 days and changed 136.85 percent over the most recent 3-months.

If compared to the average trading volume of 25.13M shares, APHA reached to a volume of 12074414 in the most recent trading day, which is why market watchdogs consider the stock to be active.

Here’s what leading stock market gurus have to say about Aphria Inc. [APHA]:

Canaccord Genuity have made an estimate for Aphria Inc. shares, keeping their opinion on the stock as Speculative Buy, with their previous recommendation back on January 15, 2021. The new note on the price target was released on August 17, 2020, representing the official price target for Aphria Inc. stock.

The Average True Range (ATR) for Aphria Inc. is set at 1.57, with the Price to Sales ratio for APHA stock in the period of the last 12 months amounting to 11.46. The Price to Book ratio for the last quarter was 3.64.

APHA stock trade performance evaluation

Aphria Inc. [APHA] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 2.01. With this latest performance, APHA shares gained by 10.06% in over the last four-week period, additionally plugging by 292.06% over the last 6 months – not to mention a rise of 513.12% 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 APHA stock in for the last two-week period is set at 46.49, with the RSI for the last a single of trading hit 42.40, and the three-weeks RSI is set at 49.24 for Aphria Inc. [APHA]. The present Moving Average for the last 50 days of trading for this stock 17.92, while it was recorded at 17.92 for the last single week of trading, and 8.87 for the last 200 days.

Aphria Inc. [APHA]: An insightful look at the core fundamentals

Operating Margin for any stock indicates how profitable investing would be, and Aphria Inc. [APHA] shares currently have an operating margin of -20.76 and a Gross Margin at +9.95. Aphria Inc.’s Net Margin is presently recorded at -16.74.

Return on Total Capital for APHA is now -5.03, given the latest momentum, and Return on Invested Capital for the company is -4.12. Return on Equity for this stock declined to -5.16, with Return on Assets sitting at -3.62. When it comes to the capital structure of this company, Aphria Inc. [APHA] has a Total Debt to Total Equity ratio set at 22.98. Additionally, APHA Total Debt to Total Capital is recorded at 18.69, with Total Debt to Total Assets ending up at 16.33. Long-Term Debt to Equity for the company is recorded at 22.41, with the Long-Term Debt to Total Capital now at 18.22.

Reflecting on the efficiency of the workforce at the company, Aphria Inc. [APHA] managed to generate an average of -$75,676 per employee. Receivables Turnover for the company is 6.43 with a Total Asset Turnover recorded at a value of 0.22.

Aphria Inc. [APHA]: Insider Ownership positions

There are presently around $853 million, or 19.12% of APHA stock, in the hands of institutional investors. The top three institutional holders of APHA stocks are: ETF MANAGERS GROUP, LLC with ownership of 12,362,308, which is approximately 149.857% of the company’s market cap and around 0.11% of the total institutional ownership; VANGUARD GROUP INC, holding 7,801,208 shares of the stock with an approximate value of $134.88 million in APHA stocks shares; and TWO SIGMA INVESTMENTS, LP, currently with $58.01 million in APHA stock with ownership of nearly New of the company’s market capitalization.

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Positions in Aphria Inc. stocks held by institutional investors increased at the end of April and at the time of the April reporting period, where 114 institutional holders increased their position in Aphria Inc. [NASDAQ:APHA] by around 23,304,933 shares. Additionally, 53 investors decreased positions by around 4,691,685 shares, while 50 investors held positions by with 21,340,870 shares. The mentioned changes placed institutional holdings at 49,337,488 shares, according to the latest SEC report filing. APHA stock had 52 new institutional investments in for a total of 10,722,406 shares, while 25 institutional investors sold positions of 1,266,947 shares during the same period.

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