Akerna Corp. [NASDAQ: KERN] closed the trading session at $1.65 on 01/12/23. The day’s price range saw the stock hit a low of $1.22, while the highest price level was $2.05. The company report on January 11, 2023 that Akerna Corp. Announces Sale of 365 Cannabis.
Akerna’s sale of 365 Cannabis to 365 Holdco LLC closed today January 11. Akerna received consideration for 365 with an aggregate value of approximately $2.8 million.
The stocks have a year to date performance of 139.06 percent and weekly performance of 104.92 percent. The stock has been moved at -54.27 percent over the last six months. The stock has performed 60.19 percent around the most recent 30 days and changed -13.79 percent over the most recent 3-months.
If compared to the average trading volume of 295.21K shares, KERN reached to a volume of 22957532 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 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 3.00. 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 0.17, with the Price to Sales ratio for KERN stock in the period of the last 12 months amounting to 0.28. The Price to Book ratio for the last quarter was 0.36, with the Price to Cash per share for the same quarter was set at 0.60.
KERN stock trade performance evaluation
Akerna Corp. [KERN] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 104.92. With this latest performance, KERN shares gained by 60.19% in over the last four-week period, additionally sinking by -54.27% over the last 6 months – not to mention a drop of -95.42% 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 79.56, with the RSI for the last a single of trading hit 89.89, and the three-weeks RSI is set at 69.06 for Akerna Corp. [KERN]. The present Moving Average for the last 50 days of trading for this stock 1.0740, while it was recorded at 1.0757 for the last single week of trading, and 5.2640 for the last 200 days.
Akerna Corp. [KERN]: An insightful look at the core 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 0.70 and a Current Ratio set at 0.70.
Akerna Corp. [KERN]: Insider Ownership positions
There are presently around $1 million, or 9.50% of KERN stock, in the hands of institutional investors. The top three institutional holders of KERN stocks are: VANGUARD GROUP INC with ownership of 113,593, which is approximately 178.455% of the company’s market cap and around 0.20% of the total institutional ownership; PERKINS CAPITAL MANAGEMENT INC, holding 96,150 shares of the stock with an approximate value of $0.16 million in KERN stocks shares; and BLACKROCK INC., currently with $84000.0 in KERN stock with ownership of nearly 342.637% of the company’s market capitalization.
Positions in Akerna Corp. stocks held by institutional investors increased at the end of March and at the time of the March reporting period, where 16 institutional holders increased their position in Akerna Corp. [NASDAQ:KERN] by around 179,821 shares. Additionally, 24 investors decreased positions by around 279,209 shares, while 15 investors held positions by with 50,009 shares. The mentioned changes placed institutional holdings at 409,021 shares, according to the latest SEC report filing. KERN stock had 6 new institutional investments in for a total of 9,054 shares, while 14 institutional investors sold positions of 251,962 shares during the same period.