Akerna Corp. (NASDAQ:KERN) shares, rose in value on Friday, 05/13/22, with the stock price up by 7.15% to the previous day’s close as strong demand from buyers drove the stock to $0.44.
Actively observing the price movement in the last trading, the stock closed the session at $0.41, falling within a range of $0.40 and $0.449. The value of beta (5-year monthly) was 2.92. Referring to stock’s 52-week performance, its high was $5.61, and the low was $0.39. On the whole, KERN has fluctuated by -54.41% over the past month.
With the market capitalization of Akerna Corp. currently standing at about $16.11 million, investors are eagerly awaiting this quarter’s results, scheduled for Nov 08, 2021. As a result, investors might want to see an improvement in the stock’s price before the company announces its earnings report. Analysts are projecting the company’s earnings per share (EPS) to be -$0.14, which is expected to increase to -$0.11 for fiscal year -$0.71 and then to about -$0.51 by fiscal year 2022.
Analysts have estimated the company’s revenue for the quarter at $6.21 million, with a low estimate of $5.1 million and a high estimate of $7.25 million. According to the average forecast, sales growth in current quarter could jump up 51.10%, compared to the corresponding quarter of last year.
Revisions could be a useful indicator to get insight on short-term price movement; so for the company, there were 1 upward and no downward review(s) in last seven days. We see that KERN’s technical picture suggests that short-term indicators denote the stock is a 100% Sell on average. However, medium term indicators have put the stock in the category of 100% Sell while long term indicators on average have been pointing out that it is a 100% Sell.
The stock’s technical analysis shows that the PEG ratio is about 0, with the price of KERN currently trading nearly -35.15% and -52.33% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 21.46, while the 7-day volatility ratio is showing 17.05% which for the 30-day chart, stands at 10.54%. Furthermore, Akerna Corp. (KERN)’s beta value is 2.59, and its average true range (ATR) is 0.07.
Data on historical trading for Akerna Corp. (NASDAQ:KERN) indicates that the trading volumes over the past 10 days have averaged 0.4 million and over the past 3 months, they’ve averaged 805.21K. According to company’s latest data on outstanding shares, there are 29.63 million shares outstanding.
Nearly 2.90% of Akerna Corp.’s shares belong to company insiders and institutional investors own 12.80% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 1.79 million shares as on Dec 14, 2021, resulting in a short ratio of 0.72. According to the data, the short interest in Akerna Corp. (KERN) stood at 5.82% of shares outstanding as of Dec 14, 2021; the number of short shares registered in Nov 14, 2021 reached 1.87 million. The stock has fallen by -74.74% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the KERN stock heading into the next quarter.