Is 180 Life Sciences Corp (NASDAQ: ATNF) Proving The Doubters Wrong?

180 Life Sciences Corp (ATNF) concluded trading on 01/04/24 at a closing price of $0.22, with 21.41 million shares of worth about $4.71 million changed hands on the day. Half year performance of the stock remained negative as price took a plunge of -79.32% during that period and on Thursday the price saw a gain of about 6.73%. Currently the company’s common shares owned by public are about 10.02M shares, out of which, 9.29M shares are available for trading.

According to filings with the U.S. Securities and Exchange Commission (SEC), insiders took part in trade of the company’s stock for 11 times over the past 12 months. They bought 185,728 shares in 11 of the transactions. In 0 selling transactions, insiders dumped 0 shares.

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180 Life Sciences Corp (NASDAQ: ATNF) started trading at $0.2264, above $0.03 from concluding price of the previous day. Stock saw a price change of 5.19% in past 5 days and over the past one month there was a price change of -26.06%. Year-to-date (YTD), ATNF shares are showing a performance of 2.48% which decreased to -95.87% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $0.15 but also hit the highest price of $7.15 during that period. The average intraday trading volume for 180 Life Sciences Corp shares is 647.39K. The stock is currently trading 7.28% above its 20-day simple moving average (SMA20), while that difference is down -29.48% for SMA50 and it goes to -73.58% lower than SMA200.

180 Life Sciences Corp (NASDAQ: ATNF) currently have 10.02M outstanding shares and institutions hold larger chunk of about 7.21% of that.

The stock has a current market capitalization of $2.19M. It has posted earnings per share of -$14.16 in the same period. It has Quick Ratio of 0.70. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for ATNF, volatility over the week remained 11.63% while standing at 16.72% over the month.

Analysts are in expectations that 180 Life Sciences Corp (ATNF) stock would likely to be making an EPS of $0 in the current quarter, while forecast for next quarter EPS is $0 and it is $0 for next year. For the current quarter EPS, analysts have given the company a lowest target $0 which is $0 at the higher side of the target for the same. When we compare those targets with actual EPS, we find that company posted an EPS of $1 in the same quarter a year ago.

Analysts at 1 brokerage firms have issued recommendations for the 180 Life Sciences Corp (ATNF)’s stock and average of those rates the stock at a “Strong Buy” and assign it a score of 1.00. Out of those 1 Wall Street analysts, 1 recommended a “Buy” rating, while 0 were in favor recommending the stock as a “Hold” and 0 analyst recommended the stock as “Sell”.

Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by Maxim Group on September 15, 2021 offering a Buy rating for the stock and assigned a target price of $11 to it.

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