AquaBounty Technologies Inc. (NASDAQ: AQB) stock jumped 0.56% on Wednesday to $0.69 against a previous-day closing price of $0.69. With 0.12 million shares changed hands, the volume of the stock remained lighter than its average volume of 0.43 million shares. During the session, the Farm Products company that operates in wider Consumer Defensive sector, reached to the highest price of $0.6996 whereas the lowest price it dropped to was $0.6722. The 52-week range on AQB shows that it touched its highest point at $2.80 and its lowest point at $0.58 during that stretch. It currently has a 1-year price target of $3.45. Beta for the stock currently stands at 1.13.
Price Performance and Earnings:
Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of AQB was down-trending over the past week, with a drop of -6.39%, but this was up by 6.91% over a month. Three-month performance dropped to -48.53% while six-month performance fell -44.85%. The stock lost -74.07% in the past year, while it has lost -66.91% so far this year. A look at the trailing 12-month EPS for AQB yields -0.31 with Next year EPS estimates of -0.36. For the next quarter, that number is -0.08. This implies an EPS growth rate of 28.70% for this year and -16.10% for next year.
Float and Shares Shorts:
At present, 71.07 million AQB shares are outstanding with a float of 70.67 million shares on hand for trading. On Oct 13, 2022, short shares totaled 2.07 million, which was 2.91% higher than short shares on Sep 14, 2022. In addition to Ms. Sylvia A. Wulf as the firm’s CEO, Pres & Exec. Director, Mr. David A. Frank serves as its CFO & Treasurer.
Through their ownership of 37.75% of AQB’s outstanding shares, institutional investors have minority control over the company. Other institutions hold 9.61% of AQB, in contrast to 6.82% held by mutual funds. Shares owned by individuals account for 14.83%. As the largest shareholder in AQB with 3.67% of the stake, The Vanguard Group, Inc. holds 2,610,606 shares worth 2,610,606. A second-largest stockholder of AQB, BNP Paribas Asset Management UK L, holds 2,161,077 shares, controlling over 3.04% of the firm’s shares. EPIQ Partners LLC is the third largest shareholder in AQB, holding 1,656,662 shares or 2.33% stake. With a 2.80% stake in AQB, the Vanguard Total Stock Market Index is the largest stakeholder. A total of 1,988,764 shares are owned by the mutual fund manager. The BNP Paribas Funds – Ecosystem Res, which owns about 1.83% of AQB stock, is the second-largest Mutual Fund holder. It holds 1,301,523 shares valued at 0.93 million. Vanguard Extended Market Index Fu holds 0.82% of the stake in AQB, owning 579,648 shares worth 0.41 million.
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for AQB since 3 analysts follow the stock currently. There are 3 analysts who recommend BUY ratings, while 0 suggest SELL ratings. Of the remaining analysts, 0 believe that the stock is worth HOLDING, 0 give it an OVERWEIGHT rating, and 0 thinks that it’s UNDERWEIGHT. In the same way, a target price assigned to a stock can also reveal much about its potential. With AQB analysts setting a high price target of $5.00 and a low target of $2.50, the average target price over the next 12 months is $4.00. Based on these targets, AQB could surge 624.64% to reach the target high and rise by 262.32% to reach the target low. Reaching the average price target will result in a growth of 479.71% from current levels.
EPS: Estimates vs Actual
It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy. AQB will report FY 2022 earnings on 03/09/2023. Analysts have provided yearly estimates in a range of -$0.30 being high and -$0.32 being low. For AQB, this leads to a yearly average estimate of -$0.31. The earnings surprise of a firm occurs when the actual results change from the consensus earnings estimate. AquaBounty Technologies Inc. surprised analysts by $0.01 when it reported -$0.08 EPS against a consensus estimate of -$0.09. The surprise factor in the prior quarter was $0.01. Based on analyst estimates, the high estimate for the next quarter is -$0.08 and the low estimate is -$0.09. The average estimate for the next quarter is thus -$0.08.
Summary of Insider Activity:
Insiders traded AQB stock several times over the past three months with 0 Buys and 0 Sells. In these transactions, 0 shares were bought while 0 shares were sold. The number of buy transactions has increased to 7 while that of sell transactions has remained unmoved to 0 over the past year. The total number of shares bought during that period was 67,985 while 0 shares were sold.