Aphria Inc. (NASDAQ: APHA): The Best-Of-Breed For Investing?


    With over 7.29 million Aphria Inc. (APHA) shares trading Friday and a closing price of $4.69 on the day, the dollar volume was approximately $34.21 million. The shares have shown a positive weekly performance of 4.69% and its price on 08/28/20 gained nearly 2.63%. Currently, there are 267.59M common shares owned by the public.

    An analysis of what Wall Street brokers have to say about the expected price targets for this stock gives us this picture: 12 analysts who have offered their price forecasts for APHA have a consensus price objective of $6.66. The analysts have set the share’s price value over the next 12 months at a high of $9.36 and a low of $5.24 should the stock experience a downside. But an upside of 49.89% will see the stock hit the forecast high price target while mean target price for the stock is $6.18.

    The top 3 mutual fund holders in Aphria Inc. are ETFMG Alternative Harvest ETF, Horizons Medical Marijuana Life S, and Vanguard Total International Stoc. ETFMG Alternative Harvest ETF owns 6.58 million shares of the company’s stock, all valued at over $31.41 million. The company bought an additional 14804.0 shares recently to bring their total holdings to about 2.28% of the shares outstanding. Vanguard Total International Stoc sold 27006.0 shares to bring its total holdings to over 3.8 million shares at a value of $18.15 million. Vanguard Total International Stoc now owns shares totaling to 1.32% of the shares outstanding.

    Shares of Aphria Inc. (NASDAQ: APHA) opened at $4.56, down -$0.01 from a prior closing price of $4.57. However, the script later closed the day at $4.69, up 2.63%. The company’s stock has a 5-day price change of 4.69% and 5.63% over the past three months. APHA shares are trading -10.15% year to date (YTD), with the 12-month market performance down to -27.29% lower. It has a 12-month low price of $1.95 and touched a high of $7.14 over the same period. Currently, 7.29 million shares have been traded, compared to an average intraday trading volume of 6.18 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by 1.45%, 0.41%, and 10.86% respectively.

    Institutional ownership of Aphria Inc. (NASDAQ: APHA) shares accounts for 14.42% of the company’s 267.59M shares outstanding. Mutual fund holders own –, while other institutional holders and individual stakeholders account for — and — respectively.

    It has a market capitalization of $1.25B. The stock’s trailing 12-month PE ratio is 15.69, while the earnings-per-share (ttm) stands at $0.30. Price movements for the stock have been influenced by the stock’s volatility, which stands at 3.47% over the week and 4.04% over the month.

    Specifically, 11 Wall Street analysts polled rate the stock as a buy, while 1 of the 12 advise that investors “hold,” and 0 rated it as a “Sell.”

    Looking at the support for the APHA, a number of firms have released research notes about the stock. CIBC stated their Sector Outperform rating for the stock in a research note on August 17, 2020, with the firm’s price target at. Stifel coverage for the Aphria Inc. (APHA) stock in a research note released on July 13, 2020 offered a Buy rating with a price target of. BofA/Merrill was of a view on March 19, 2020 that the stock is Buy, while Stifel gave the stock Hold rating on March 10, 2020, issuing a price target of. Alliance Global Partners on their part issued Buy rating on January 21, 2020.


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