Reviewing The Case For AquaBounty Technologies Inc (AQB) Going Higher

Currently, there are 3.87M common shares owned by the public and among those 3.80M shares have been available to trade.

The company’s stock has a 5-day price change of 37.83% and 20.15% over the past three months. AQB shares are trading 50.06% year to date (YTD), with the 12-month market performance down to -52.36% lower. It has a 12-month low price of $0.47 and touched a high of $2.17 over the same period. AQB has an average intraday trading volume of 994.64K shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by 41.83%, 41.10%, and 1.12% respectively.

Institutional ownership of AquaBounty Technologies Inc (NASDAQ: AQB) shares accounts for 8.25% of the company’s 3.87M shares outstanding.

It has a market capitalization of $3.64M and a beta (3y monthly) value of 1.14. The earnings-per-share (ttm) stands at -$19.05. Price movements for the stock have been influenced by the stock’s volatility, which stands at 16.30% over the week and 10.60% over the month.

Analysts forecast that AquaBounty Technologies Inc (AQB) will achieve an EPS of 0 for the current quarter, 0 for the next quarter and 0 for current fiscal year. The lowest estimate earnings-per-share for the quarter is 0 while analysts give the company a high EPS estimate of 0.

Looking at the support for the AQB, a number of firms have released research notes about the stock. H.C. Wainwright stated their Buy rating for the stock in a research note on November 09, 2021, with the firm’s price target at $4.50. ROTH Capital coverage for the AquaBounty Technologies Inc (AQB) stock in a research note released on October 08, 2021 offered a Buy rating with a price target of $6. Lake Street on their part issued Buy rating on March 04, 2021.

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