The stock of AquaBounty Technologies Inc. (NASDAQ:AQB) last traded at $0.32, down -8.34% from the previous session.
Data from the available sources indicates that AquaBounty Technologies Inc. (NASDAQ:AQB) is covered by 3 analysts. The consensus rating among analysts is ‘Overweight’. As we calculate the median target price by taking the range between a high of $1.50 and a low of $0.75, we find $1.00. Given the previous closing price of $0.35, this indicates a potential upside of 185.71 percent. AQB stock price is now -18.86% away from the 50-day moving average and -48.70% away from the 200-day moving average. The market capitalization of the company currently stands at $23.39M.
Top 5 Artificial Intelligence Stocks to Buy for 2024
By now, you're well aware of the artificial intelligence boom. You know Big Tech has been investing billions of dollars into it.
According to Next Move Strategy Consulting, the AI market – currently valued at about $100 billion – cold grow twenty-fold by 2030 to more than $2 trillion. That means you may want to strongly consider these top AI stocks. Get our free report, "Top 5 AI Stocks to Buy in 2024."
Click here to automatically get the our FREE Report & Special Offer "5 Best AI Stocks to Invest In"
Sponsored
In total, 1 analysts have assigned it a hold rating, and 2 have given it a buy rating. Brokers who have rated the stock have averaged $1.08 as their price target over the next twelve months.
With the price target maintained at $4.50, H.C. Wainwright recently Upgraded its rating from Neutral to Buy for AquaBounty Technologies Inc. (NASDAQ: AQB).
In other news, Myers Gail Sharps, Director bought 10,000 shares of the company’s stock on Dec 23. The stock was bought for $8,900 at an average price of $0.89. Upon completion of the transaction, the Director now directly owns 10,426 shares in the company, valued at $3336.32. An SEC document containing details of the transaction can be found on the SEC’s website. On Dec 22, Director Myers Gail Sharps bought 1 shares of the business’s stock. A total of $1 was incurred on buying the stock at an average price of $0.85. This leaves the insider owning 426 shares of the company worth $136.32. A total of 1.71% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in AQB stock. A new stake in AquaBounty Technologies Inc. shares was purchased by ARETE WEALTH ADVISORS, LLC during the first quarter worth $152,000. CPWM, LLC invested $8,000 in shares of AQB during the first quarter. In the first quarter, CREATIVE PLANNING acquired a new stake in AquaBounty Technologies Inc. valued at approximately $4,000. D.B. ROOT & COMPANY, LLC acquired a new stake in AQB for approximately $4,000. DIVERSIFIED PORTFOLIOS, INC. purchased a new stake in AQB valued at around $3,000 in the second quarter.
With an opening price of $0.3513 on Wednesday morning, AquaBounty Technologies Inc. (NASDAQ: AQB) set off the trading day. During the past 12 months, AquaBounty Technologies Inc. has had a low of $0.34 and a high of $1.64. As of last week, the company has a debt-to-equity ratio of 0.05, a current ratio of 5.60, and a quick ratio of 5.40. The fifty day moving average price for AQB is $0.3918 and a two-hundred day moving average price translates $0.6240 for the stock.
According to the Farm Products Company, earnings per share came in at -$0.09, missing analysts’ expectations of -$0.08 by -0.01. This compares to -$0.08 EPS in the same period last year. The company reported revenue of $0.79 million for the quarter, compared to $1.07 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -26.36 percent. For the current quarter, analysts expect AQB to generate $700k in revenue.
