Aphria Inc. (NASDAQ:APHA) concluded the trading on Thursday, Oct 15, with a fall of -18.37% from its closing price on previous day.
Taking a look at stock we notice that its last check on previous day was $5.88 and 5Y monthly beta was reading 0 with its price kept floating in the range of $4.7100 and $5.3800 on the day. Company’s P/E ratio for the trailing 12 months is 16.05. Considering stock’s 52-week price range provides that APHA hit a high price of $6.44 and saw its price falling to a low level of $1.95 during that period. Over a period of past 1-month, stock came adding 3.67% in its value.
In last 7 days, analysts came adjusting their opinions about stock’s EPS with nil upward and no downward revisions, an indication which could give clearer idea about the company’s short term price movement. In contrast, when we review APHA stock’s current outlook then short term indicators are assigning it an average of 50% Buy, while medium term indicators are categorizing the stock at an average of 100% Buy. Long term indicators are suggesting an average of 100% Buy for it.
According to ratings assigned by 12 analysts at the scale of 1 to 5 with 1.00 representing a strong buy and 5.00 suggesting a strong sell; 1 of them are recommending Aphria Inc. (APHA) as a Hold, while 10 are in view that stock is a Buy. Recommendation by 1 analysts for the stock is an Outperform while number of those analysts who rated the stock as Underperform is none, whereas none of them are considering the stock as a Sell. When taken as whole, stock gets a rating of Buy and that encourages the investors to exploit the opportunity and build their stake up in the company.
Digging deeper we become aware of the PEG ratio of the APHA stock which is currently positioned at 0. It further provides that stock’s current price level is -1.99% away from its 20-day simple moving average and is 1.62% off its SMA50. Its relative strength index (RSI) for 14-periods is oscillating at 46.8 while volatility remained at 9.75% over the past week which changes to 6.01% when measuring it over the past month. Beta is valued at 0, while measure of average true range or ATR is currently at 0.37. In predicting price targets of as low as $5.28 and as high as $11.8, analysts are in agreement on assigning the stock over the next 12 months average price target of $6.97. Stock’s current price level is 10% above from estimated low price target while it is 145.83% below the estimated high; and even if the APHA’s share succeeded to reach the median price of $6.23, then the outlook of +29.79% could come to the excitement of the investors.
In comparing Aphria Inc. (APHA)’s stock with other industry players reveals that stock’s latest price change of -18.37% and that of -1.23% over the past 12 months is in competing position with that of Abbott Laboratories (ABT) which saw its stock price fell by -0.4% in the recent trading and went through an increase of 31.23% in past 12-month trading. Industry’s another major player Medtronic Inc (MDT) has fell -0.04% down in latest trading session, but over the past year has faced a fall of -0.9%, while Stryker Corp (SYK) is also down -18.37% however its price remained floating in the red at -1.23% over the same period. Aphria Inc. has a P/E ratio of 16.05 against that of Abbott Laboratories’s 62.07 while Medtronic Inc is showing 33.17 for the same. On the other hand, the S&P 500 Index was down -0.15% in the early deals while the Dow Jones Industrial was dealing lower at -0.07%.
Having a second look at Aphria Inc. (NASDAQ:APHA) provides that stock’s average daily trading volume for 3 months was 5.81 Million, while it dropped to 10.9 Million when we calculate an average volume for past 10 days. Number of outstanding shares of the stock currently stood at 267.59 Million.
Data compiled by Thomson Reuters highlights that percentage of outstanding shares held by the insiders is 2.84% while it is 14.42% for the institutional holders. The figures also indicate that as of September 29, 2020, number of stock’s short shares was 35150000 which implies a short ratio of 11.67. This shows up a 12.2% of Short Interest in company’s outstanding shares on the day. In September the standing of shares short declined as it was 39.19 Million in the previous month. Drop of -8.05% by stock’s current price to its year-to-date value in today’s trading is likely to be increasing investors’ worries about the stock as it is hinting a further drop.