The trading price of Aphria Inc. (NASDAQ:APHA) floating lower at last check on Tuesday, Feb 23, closing at $19.35, -11.89% lower than its previous close.

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Traders who pay close attention to intraday price movement should know that it has been fluctuating between $15.65 and $17.88. The company’s P/E ratio in the trailing 12-month period was 64.72, while its 5Y monthly beta was 0. In examining the 52-week price action we see that the stock hit a 52-week high of $32.29 and a 52-week low of $1.95. Over the past month, the stock has gained 52.6% in value.

A company’s earnings reviews provide a brief indication of a stock’s direction in the short term, where in the case of Aphria Inc. no upward and no downward comments were posted in the last 7 days. On the technical side, indicators suggest APHA has a 50% Buy on average for the short term. According to the data of the stock’s medium term indicators, the stock is currently averaging as a 100% Buy, while an average of long term indicators suggests that the stock is currently 100% Buy.

Here is the average analyst rating on the stock as represented by 1.00 to 5.00, with the extremes of 1.00 and 5.00 suggesting the stock should be considered as either strong buy or strong sell respectively. The number of analysts that have assigned APHA a recommendation rating is 11. Out of them, 3 rate it a Hold, while 6 recommend Buy, whereas 1 assign an Outperform rating. 1 analyst(s) have tagged Aphria Inc. (APHA) as Underperform, while not any of them advise Sell. Analysts have rated the stock Overweight, likely urging investors to take advantage of the opportunity to add to their holdings of the company’s shares.

If we dig deeper into the stock’s outlook, we see that the stock’s PEG is 0, which symbolizes a positive outlook. A quick review shows that APHA’s price is currently -0.9% off the SMA20 and 39.8% off the SMA50. The RSI metric on the 14-day chart is currently showing 51.42, and weekly volatility stands at 13.82%. When measured over the past 30 days, the indicator reaches 15.97%. Aphria Inc. (NASDAQ:APHA)’s beta value is currently sitting at 0, while the Average True Range indicator is currently displaying 2.9. With analysts defining $8.45-$25.58 as the low and high price targets, we arrive at a consensus price target of $13.9 for the trailing 12-month period. The current price is about -50.44% off the estimated low and 50.03% off the forecast high, based on this estimate. Investors will be thrilled if APHA’s share price rises to $12, which is the median consensus price. At that level, APHA’s share price would be -29.62% above current price.

To see how Aphria Inc. stock has been performing today in comparison to its peers in the industry, here are the numbers: APHA stock’s performance was -11.89% at last check in today’s session, and +367.39% in the past year, while Abbott Laboratories (ABT) has been trading -1.09% in recent session and positioned +40.14% higher than it was a year ago. Another comparable company Medtronic Inc (MDT) saw its stock trading 2.36% higher in today’s session but was up +2.18% in a year. Furthermore, Stryker Corp (SYK) showed a decline of -11.89% today while its price kept rising at 367.39% over the past year. Aphria Inc. has a P/E ratio of 64.72, compared to Abbott Laboratories 48.98 and Medtronic Inc’s 44.62. Also during today’s trading, the S&P 500 Index has soared -0.93%, while the Dow Jones Industrial also saw a negative seesion, down -0.54% today.

An evaluation of the daily trading volume of Aphria Inc. (NASDAQ:APHA) indicates that the 3-month average is 22.68 Million. However, this figure has increased over the past 10 days to an average of 34.55 Million.

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Currently, records show that 316.75 Million of the company’s shares remain outstanding. According to Thomson Reuters data, insiders hold 0.01% of outstanding shares, whereas institutions hold 13.82%. The stats also highlight that short interest as of January 28, 2021, stood at 16.7 Million shares, resulting in a short ratio of 0.91 at that time. From this, we can conclude that short interest is 5.27% of the company’s total outstanding shares. It is noteworthy that short shares in January were down slightly from the previous month’s figure, which was 22.66 Million. However, since the stock’s price has seen +179.62% year-to-date, investors’ interest is likely to be reignited due to its potential to move even higher.

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