With a current price of $5.00, AquaBounty Technologies Inc. [NASDAQ:AQB] is active in the Farm Products industry, with a 5-day price swing of 20.77%.
For the year, the stock is trading 130.41%, while, as a point of reference, the S&P 500 is trading 0.79% YTD. Other data to note on this name is a price per sales number of 3851.44.
The Price is right
Holding a Market Cap of $215.95 million, AquaBounty Technologies Inc. has seen a trading range over the last year of $1.52-$5.25.
For the last five days, AQB is up from its last closing price. The average shares trading hands each day is 862.22K.
Using a Force Index Indicator is a good way to look at how strong actual buying and selling pressure is for AQB. When we apply the Elder Force Index to AquaBounty Technologies Inc., we are seeing an Elder Force Indicator number of 909181.84.
In the last quarter, AQB made a profit of -1.04 million. AquaBounty Technologies Inc. also saw quarter revenue growth year over year of 120.94%.
Looking at popular technical indicators, the company’s 5-day moving average is 4.49 compared to the 50-day moving average of 1.03%. So, we are clearly seeing an upward trajectory here.
The Relative Strength Index or RSI is an indicator ranging between 0 and 100 that traders use to determine if a stock is “overbought” or “oversold.” A strong uptrend tending to reach into the “overbought” status is above 70, while a downward trend will stay around the 30 mark. AQB currently holds a 9-day RSI of 65.74%, while 100-day RSI stands at 57.00%.
Another indicator we believe is worth keeping tabs on is the Moving Average Convergence Divergence or MACD. Similar to the concept of the Force Index — on the basis of price momentum — the MACD gives traders a tool to measure the turning point of a stock even during rapid fluctuations in price. Buy and sell signals are determined by a stock’s relation to the zero line, so if a stock is above a zero line for many weeks it might be a “buy.” On the other hand, if a stock is below the zero line consistently, it might be one to stay away from. Also, if the MACD line reaches a peak and dips, its momentum may be waning. AQB’s 9-day MACD is 0.09 and the company’s 100-day MACD stands at 1.21.
Another area that is important to analyze is insider moves and majority shareholders. While this is not always an error-free way to tell what the future holds for a stock, you can maybe gather important information from reading the tea leaves about who is buying and selling.
The major holders for this stock are 14.95% by insiders and 58.66% by institutions. Regarding institutional holdings, Third Security, LLC owns 44.37%, while the second top holder, Archon Capital Management LLC, currently owns 4.18%.
Over the last six months, insiders have bought 4,000,000 with the most recent transaction from Czypinski Alana, Director, with a purchase at price 2.50 per share.
Overall, the recommended rating for AQB is Strong Buy. Currently, the company has 3 analysts watching the stock, and the average quarterly earnings estimate is -0.08. Quarterly revenue estimates are averaging 1.09M with the high estimate reaching 1.79M and the low at 500k.
To review, the current 1-year target estimate is sitting at 4.50, while the current price 5.00. Based on this, we expect some pullback on the stock over time given our above analysis.