Akanda Corp Stock Book Value Per Share
| AKAN Stock | USD 1.36 0.02 1.49% |
Akanda Corp fundamentals help investors to digest information that contributes to Akanda Corp's financial success or failures. It also enables traders to predict the movement of Akanda Stock. The fundamental analysis module provides a way to measure Akanda Corp's intrinsic value by examining its available economic and financial indicators, including the cash flow records, the balance sheet account changes, the income statement patterns, and various microeconomic indicators and financial ratios related to Akanda Corp stock.
Akanda |
Akanda Corp Company Book Value Per Share Analysis
Akanda Corp's Book Value per Share (B/S) can be calculated by subtracting liabilities from assets, and then dividing it by the total number of currently outstanding shares. It indicates the level of safety associated with each common share after removing the effects of liabilities. In other words, a shareholder can use this ratio to see how much he or she can sell the stake in the company in the event of a liquidation.
More About Book Value Per Share | All Equity Analysis
Book Value per Share | = | Common EquityAverage Shares |
Current Akanda Corp Book Value Per Share | 3.52 X |
Most of Akanda Corp's fundamental indicators, such as Book Value Per Share, are part of a valuation analysis module that helps investors searching for stocks that are currently trading at higher or lower prices than their real value. If the real value is higher than the market price, Akanda Corp is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
The naive approach to look at Book Value per Share is to compare it to current stock price. If Book Value per Share is higher than the currently traded stock price, the company can be considered undervalued. However, investors must be aware that conventional calculation of Book Value does not include intangible assets such as goodwill, intellectual property, trademarks or brands and may not be an appropriate measure for many firms.
| Competition |
In accordance with the recently published financial statements, the book value per share of Akanda Corp is about 3.523 times. This is 307.24% lower than that of the Biotechnology sector and significantly higher than that of the Health Care industry. The book value per share for all United States stocks is 99.82% higher than that of the company.
Akanda Book Value Per Share Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Akanda Corp's direct or indirect competition against its Book Value Per Share to detect undervalued stocks with similar characteristics or determine the stocks which would be a good addition to a portfolio. Peer analysis of Akanda Corp could also be used in its relative valuation, which is a method of valuing Akanda Corp by comparing valuation metrics of similar companies.Akanda Corp is currently under evaluation in book value per share category among its peers.
Akanda Fundamentals
| Return On Equity | -2.43 | ||||
| Return On Asset | -0.26 | ||||
| Operating Margin | (4.93) % | ||||
| Current Valuation | (3.7 M) | ||||
| Shares Outstanding | 1.43 M | ||||
| Shares Owned By Insiders | 1.65 % | ||||
| Shares Owned By Institutions | 0.45 % | ||||
| Number Of Shares Shorted | 104.18 K | ||||
| Price To Book | 0.42 X | ||||
| Price To Sales | 0.77 X | ||||
| Revenue | 2.16 M | ||||
| Gross Profit | 3.27 M | ||||
| EBITDA | (27.74 M) | ||||
| Net Income | (32.28 M) | ||||
| Total Debt | 4 M | ||||
| Debt To Equity | 0.03 % | ||||
| Current Ratio | 0.48 X | ||||
| Book Value Per Share | 3.52 X | ||||
| Cash Flow From Operations | (1.5 M) | ||||
| Short Ratio | 0.06 X | ||||
| Earnings Per Share | (524.76) X | ||||
| Beta | 1.52 | ||||
| Market Capitalization | 1.94 M | ||||
| Total Asset | 8.84 M | ||||
| Retained Earnings | (53.36 M) | ||||
| Working Capital | (8.37 M) | ||||
| Net Asset | 8.84 M |
About Akanda Corp Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Akanda Corp's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Akanda Corp using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Akanda Corp based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Please read more on our fundamental analysis page.
Pair Trading with Akanda Corp
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Akanda Corp position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Akanda Corp will appreciate offsetting losses from the drop in the long position's value.Moving together with Akanda Stock
| 0.63 | A | Agilent Technologies Earnings Call Today | PairCorr |
| 0.79 | ME | 23Andme Holding | PairCorr |
| 0.61 | VALN | Valneva SE ADR | PairCorr |
| 0.77 | JNJ | Johnson Johnson Sell-off Trend | PairCorr |
Moving against Akanda Stock
| 0.62 | MDGL | Madrigal Pharmaceuticals | PairCorr |
| 0.46 | KZR | Kezar Life Sciences | PairCorr |
| 0.34 | MLYS | Mineralys Therapeutics, | PairCorr |
The ability to find closely correlated positions to Akanda Corp could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Akanda Corp when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Akanda Corp - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Akanda Corp to buy it.
The correlation of Akanda Corp is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Akanda Corp moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Akanda Corp moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Akanda Corp can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Check out Akanda Corp Piotroski F Score and Akanda Corp Altman Z Score analysis. To learn how to invest in Akanda Stock, please use our How to Invest in Akanda Corp guide.You can also try the Portfolio Rebalancing module to analyze risk-adjusted returns against different time horizons to find asset-allocation targets.
Is Biotechnology space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Akanda Corp. If investors know Akanda will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Akanda Corp listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
The market value of Akanda Corp is measured differently than its book value, which is the value of Akanda that is recorded on the company's balance sheet. Investors also form their own opinion of Akanda Corp's value that differs from its market value or its book value, called intrinsic value, which is Akanda Corp's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Akanda Corp's market value can be influenced by many factors that don't directly affect Akanda Corp's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Akanda Corp's value and its price as these two are different measures arrived at by different means. Investors typically determine if Akanda Corp is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Akanda Corp's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.