Akerna Corp. [KERN] Stock trading around $0.16 per share: What’s Next?

Akerna Corp. [NASDAQ: KERN] stock went on an upward path that rose over 9.08% on Monday, amounting to a one-week price increase of more than 15.79%. The company report on August 4, 2022 that Akerna Releases 2022 Cannabis Industry Mid-Year Review.

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Akerna (Nasdaq: KERN), a leading enterprise software company and developer of the most comprehensive technology infrastructure, ecosystem, and compliance engine powering the global cannabis industry, today announced the release of its annual mid-year review.

This report highlights the current state of the cannabis industry. It takes a look at the needs of growing cannabis operators, and how technology drives that growth and supports the maturation of the industry.

Over the last 12 months, KERN stock dropped by -95.37%. The one-year Akerna Corp. stock forecast points to a potential upside of 95.73. The average equity rating for KERN stock is currently 2.00, trading closer to a bullish pattern in the stock market.

The market cap for the stock reached $13.49 million, with 31.61 million shares outstanding. Compared to the average trading volume of 7.93M shares, KERN stock reached a trading volume of 7866011 in the most recent trading day, which is why market watchdogs consider the stock to be active.

Guru’s Opinion on Akerna Corp. [KERN]:

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for KERN shares is $3.75 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on KERN stock is a recommendation set at 2.00. 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 Akerna Corp. shares, keeping their opinion on the stock as Buy, with their previous recommendation back on July 23, 2021. While these analysts kept the previous recommendation, Alliance Global Partners raised their target price to Buy. The new note on the price target was released on December 19, 2019, representing the official price target for Akerna Corp. stock.

The Average True Range (ATR) for Akerna Corp. is set at 0.02, with the Price to Sales ratio for KERN stock in the period of the last 12 months amounting to 0.57. The Price to Book ratio for the last quarter was 0.13, with the Price to Cash per share for the same quarter was set at 0.12.

KERN Stock Performance Analysis:

Akerna Corp. [KERN] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 15.79. With this latest performance, KERN shares dropped by -4.59% in over the last four-week period, additionally sinking by -88.50% over the last 6 months – not to mention a drop of -95.37% 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 KERN stock in for the last two-week period is set at 41.62, with the RSI for the last a single of trading hit 51.02, and the three-weeks RSI is set at 36.85 for Akerna Corp. [KERN]. The present Moving Average for the last 50 days of trading for this stock 0.2582, while it was recorded at 0.1501 for the last single week of trading, and 1.2143 for the last 200 days.

Insight into Akerna Corp. Fundamentals:

Operating Margin for any stock indicates how profitable investing would be, and Akerna Corp. [KERN] shares currently have an operating margin of -113.70 and a Gross Margin at +57.56. Akerna Corp.’s Net Margin is presently recorded at -112.70.

Return on Total Capital for KERN is now -30.98, given the latest momentum, and Return on Invested Capital for the company is -30.70. Return on Equity for this stock declined to -30.70, with Return on Assets sitting at -29.66.

Reflecting on the efficiency of the workforce at the company, Akerna Corp. [KERN] managed to generate an average of -$132,328 per employee. Receivables Turnover for the company is 13.84 with a Total Asset Turnover recorded at a value of 0.26.Akerna Corp.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.50 and a Current Ratio set at 0.50.

Akerna Corp. [KERN] Insider Position Details

There are presently around $1 million, or 7.70% of KERN stock, in the hands of institutional investors. The top three institutional holders of KERN stocks are: PERKINS CAPITAL MANAGEMENT INC with ownership of 2,173,000, which is approximately New of the company’s market cap and around 0.80% of the total institutional ownership; WALLEYE CAPITAL LLC, holding 1,399,506 shares of the stock with an approximate value of $0.23 million in KERN stocks shares; and VANGUARD GROUP INC, currently with $0.13 million in KERN stock with ownership of nearly -6.159% of the company’s market capitalization.

Positions in Akerna Corp. stocks held by institutional investors increased at the end of August and at the time of the August reporting period, where 18 institutional holders increased their position in Akerna Corp. [NASDAQ:KERN] by around 3,897,742 shares. Additionally, 27 investors decreased positions by around 682,314 shares, while 12 investors held positions by with 2,380,380 shares. The mentioned changes placed institutional holdings at 6,960,436 shares, according to the latest SEC report filing. KERN stock had 9 new institutional investments in for a total of 3,648,795 shares, while 9 institutional investors sold positions of 308,507 shares during the same period.


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