Market Analysts see Akerna Corp. [KERN] gaining to $8. Time to buy?

Akerna Corp. [NASDAQ: KERN] loss -8.85% on the last trading session, reaching $0.12 price per share at the time. The company report on September 12, 2022 that Cannabis consumer spending tightens, highlighting importance of brand strength.

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Consumer spending on cannabis roughly flat YOY over Labor Day weekend, a historic Top 5 Cannabis Spending holiday.

Akerna (Nasdaq: KERN), a leading enterprise software company and the developer of one of the most comprehensive technology infrastructures, ecosystems, and compliance engine powering the global cannabis industry, notes that consumer cannabis spending over Labor Day weekend was roughly flat over the same time period last year, with this year showing a total of $229.8M in sales.

Akerna Corp. represents 80.29 million in outstanding shares, while the company has a total market value of $10.21 million with the latest information. KERN stock price has been found in the range of $0.115 to $0.1349.

If compared to the average trading volume of 16.91M shares, KERN reached a trading volume of 10965135 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 Akerna Corp. [KERN]:

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 0.41. The Price to Book ratio for the last quarter was 0.40, with the Price to Cash per share for the same quarter was set at 0.06.

Trading performance analysis for KERN stock

Akerna Corp. [KERN] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -1.50. With this latest performance, KERN shares dropped by -16.55% in over the last four-week period, additionally sinking by -88.82% over the last 6 months – not to mention a drop of -96.01% 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 43.73, with the RSI for the last a single of trading hit 43.80, and the three-weeks RSI is set at 41.94 for Akerna Corp. [KERN]. The present Moving Average for the last 50 days of trading for this stock 0.1431, while it was recorded at 0.1366 for the last single week of trading, and 0.8445 for the last 200 days.

Akerna Corp. [KERN]: A deeper dive into fundamental analysis

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 0.40 and a Current Ratio set at 0.40.

An analysis of insider ownership at 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 $0.23 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.

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 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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