AquaBounty Technologies, Inc. (NASDAQ:AQB) is one of the stocks that are taking the center stage today as the company shares are trading 2.13% or 0.067 points lower from last closing price of $3.16, reaching $3.0927 at last check. So what’s going on with AQB shares anyway? The price is losing for the second day in a row and has dropped in 4 of the last 5 days and is up 56.25% over the past week. It will be exciting to see whether the stock manages to continue decreasing or take a minor break for the next few days. The move came on solid volume too with far more shares changing hands than in a normal session. Trading activity as of this writing strengthened by 18,005 shares, and in total 50505 shares valued at $156197 were seen changing hands compared with 32500 shares valued at $102700 recorded at the previous session. You should take into consideration that a greater volume on lower prices causes the situation where nobody wants to continue with their long position and wants to exit from the AQB stock.
AquaBounty Technologies, Inc. (AQB) shares have notched a 3-month gain of about 56.25%, but has still advanced 58.54% year to date. By comparison, the stock added 26.46% over the past 12 months, while it slipped -17.3% over the 1 month. The company’s market cap is around $69.27M, with its short interest ratio standing at 2.27%.
In the current trading session for AQB, the stock witnessed two major price actions, it rose to a high of $3.24 and was down as much as $3.06 at one point. The high recorded is very low when compared to their 52-week high which is $1.51. The 52-week high is now at -43.25 distance from current price. Their recent low of $5.45 represents a 104.81% recovery. This data is quite important for investors who look to benefit from the recent rise of the company’s stock. The price target currently for AQB is $4.38, this is below the recent high that the stock attained. Taking a look at the overall sentimental views of financial analysts, the trading pattern of this stock recently is very clear.
The stock of AquaBounty Technologies, Inc. earned $-0.74 per share in the trailing 12 months and has a P/E ratio of -4.18. You can compare it with that of similar companies in its industry to get a sense of whether the stock you’re looking to purchase is overvalued or undervalued. Its current price to earnings ratio is lower than the ones recorded by the industry which is 98.31 and lower compared to the sector’s average of 33.85. When the P/E ratio is low let’s say below 1.0, then the stock price is considered a good value. AQB also has P/S multiple of 329.53. This is greater versus the 12 month P/S ratios of other companies in the same indutry. The peer average price to sales ratio is 42.65x.
The company recorded an interesting insider purchase transaction by the Major Shareholder on Jan 17, 2018. A Securities and Exchanges Commission filings show that Randal J Kirk bought a total of 1,538,461 AQB shares that day for a sum of around $4,999,998. AquaBounty Technologies, Inc. (AQB) insiders have acquired no shares in the stock within the past three months. In total, individual insiders traded no shares in the business, which makes up 0% of 176,561 shares that were traded over a year. In the past 12 months, insiders have purchased 176,561 shares while the seller parted with shares.
AQB‘s last price was up 21.93% as compared to the average trading price of 50 days recorded at $2.54 while enlarging the period to 200 trading days, the average closing price was $3.02. At present, there are 21.31 million in the total number of common shares owned by the public and among those 20.36 million shares have been available to trade. The percentage of shares being held by the company management was 1.2% while institutions stake was 58.6%. The company has generated negative returns on equity over the last 12 months (-46.8%). It managed to keep its gross profit margin at 14.4% over the past 12 months.
When assessing the full upside of the AQB stock, there is another set of technicals that should be looked into and considered. Its -6.52% decline from moving average of $3.31 has brought about a negative sentiment when calculated over the last 20 days. The market has allocated a beta of 0 to the stock. With the beta been less than one, this implies that the company shares are theoretically less volatile than the market, something that the traders definitely are keeping an eye on.
Most of the analysts surveyed by Thomson/First Call think quite highly of AquaBounty Technologies, Inc. — 2 analysts rate the stock as a buy with another 0 rating it strong buy. There are 0 analysts who maintain a hold rating for the stock, with 0 giving it a sell rating. Analysts arrived at a 12-month price target of $4.5 on shares of AquaBounty Technologies, Inc. (NASDAQ:AQB), which corresponds to 45.06% upside potential than its current market price of $3.0927 and implies potential despite the recent drop in the price. However, their current target price has fallen from $4.5 a month ago and is up handily from the consensus target of $4.375 a quarter ago.
In the last five years, the EPS of the company has been roughly 7.3%. Though the percentage looks disappointing, extra headwinds are emerging as looking out over a next 5-year period, with analysts estimating that their earnings will decrease annually by 0%. The revenue of the company has retreated at an average annualized rate of about 0 over the last five years. The company recently recorded a drop of -11.3%, but this figure is rather unattractive.
Let’s briefly check the hedge fund interest towards AQB stock. Vanguard Group Inc. added position in the company after it grew 589.8% or 60,966 shares of its common stock. The hedge fund now owns 420,541 shares worth $1,300,607, SEC documents show. BlackRock Inc. shored up assets in the stock as 26186.7 shares have been purchased, increasing its stake by 95.5% to 51,195 shares which are currently valued at $158,331. In addition, OMERS ADMINISTRATION Corp recently reported that it now owns 15,900 shares making a total of $49,174 based on the recent price. This refelects a change of 26.2% in their ownership.