Akerna Corp. [KERN] Is Currently -7.40 below its 200 Period Moving Avg: What Does This Mean?

Akerna Corp. [NASDAQ: KERN] traded at a low on 08/22/22, posting a -7.40 loss after which it closed the day’ session at $0.12.


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The results of the trading session contributed to over 9207290 shares changing hands. Over the past one week, the price volatility of Akerna Corp. stands at 10.24% while the volatility over the past one month is 9.22%.

The market cap for KERN stock reached $10.52 million, with 35.48 million shares outstanding and 33.36 million shares in the current float. Compared to the average trading volume of 8.99M shares, KERN reached a trading volume of 9207290 in the most recent trading day, which is why market watchdogs consider the stock to be active.

What do top market gurus say about 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 $1.50 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on 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 0.42. The Price to Book ratio for the last quarter was 0.41, with the Price to Cash per share for the same quarter was set at 0.06.

How has KERN stock performed recently?

Akerna Corp. [KERN] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -24.72. With this latest performance, KERN shares dropped by -19.33% in over the last four-week period, additionally sinking by -90.34% over the last 6 months – not to mention a drop of -96.13% 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 32.16, with the RSI for the last a single of trading hit 28.77, and the three-weeks RSI is set at 32.48 for Akerna Corp. [KERN]. The present Moving Average for the last 50 days of trading for this stock 0.2041, while it was recorded at 0.1408 for the last single week of trading, and 1.0819 for the last 200 days.

Akerna Corp. [KERN]: Deeper insight into the fundamentals

Akerna Corp.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.40 and a Current Ratio set at 0.40.

Insider trade positions for Akerna Corp. [KERN]

There are presently around $1 million, or 13.40% 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; HUDSON BAY CAPITAL MANAGEMENT LP, holding 1,948,900 shares of the stock with an approximate value of $0.24 million in KERN stocks shares; and WALLEYE CAPITAL LLC, currently with $0.17 million in KERN stock with ownership of nearly New of the company’s market capitalization.

26 institutional holders increased their position in Akerna Corp. [NASDAQ:KERN] by around 7,208,324 shares. Additionally, 17 investors decreased positions by around 429,299 shares, while 14 investors held positions by with 2,530,537 shares. The mentioned changes placed institutional holdings at 10,168,160 shares, according to the latest SEC report filing. KERN stock had 11 new institutional investments in for a total of 6,784,550 shares, while 6 institutional investors sold positions of 184,719 shares during the same period.

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