AquaBounty Technologies Inc [NASDAQ: AQB] gained 18.43% or 0.11 points to close at $0.68 with a heavy trading volume of 8304695 shares.
The daily chart for AQB points out that the company has recorded -36.16% loss over the past six months.
If we look at the average trading volume of 148.82K shares, AQB reached to a volume of 8304695 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 AquaBounty Technologies Inc [AQB]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for AQB shares is $1.00 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on AQB 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.
H.C. Wainwright have made an estimate for AquaBounty Technologies Inc shares, keeping their opinion on the stock as Buy, with their previous recommendation back on November 09, 2021. While these analysts kept the previous recommendation, ROTH Capital raised their target price to Buy. The new note on the price target was released on October 08, 2021, representing the official price target for AquaBounty Technologies Inc stock. Previously, the target price had yet another raise to $7, while Oppenheimer analysts kept a Outperform rating on AQB stock.
The Average True Range (ATR) for AquaBounty Technologies Inc is set at 0.06, with the Price to Sales ratio for AQB stock in the period of the last 12 months amounting to 2.08. The Price to Book ratio for the last quarter was 0.03, with the Price to Cash per share for the same quarter was set at 0.13.
Trading performance analysis for AQB stock
AquaBounty Technologies Inc [AQB] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 12.76. With this latest performance, AQB shares gained by 1.61% in over the last four-week period, additionally sinking by -36.16% over the last 6 months – not to mention a drop of -67.62% 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 AQB stock in for the last two-week period is set at 52.71, with the RSI for the last a single of trading hit 58.71, and the three-weeks RSI is set at 49.58 for AquaBounty Technologies Inc [AQB]. The present Moving Average for the last 50 days of trading for this stock 0.7167, while it was recorded at 0.6064 for the last single week of trading, and 1.0805 for the last 200 days.
AquaBounty Technologies Inc [AQB]: A deeper dive into fundamental analysis
AquaBounty Technologies Inc’s liquidity data is similarly interesting compelling, with a Quick Ratio of 2.98 and a Current Ratio set at 3.02.
An analysis of Institutional ownership at AquaBounty Technologies Inc [AQB]
There are presently around $12.81%, or 13.05%% of AQB stock, in the hands of institutional investors.
