How to Buy Akanda Stock
Akanda Corp
Akanda Corp. , through its subsidiaries, engages in the cultivation, manufacture, and distribution of cannabis products in the United Kingdom, Lesotho, and internationally.
Akanda stock last closed at $1.17, up 6.36% from the previous day, and has decreased 83.98% in one year. It has underperformed other stocks in the Drug Manufacturers - Specialty & Generic industry by 0.27 percentage points. Akanda stock is currently +25.81% from its 52-week low of $0.93, and -97.54% from its 52-week high of $47.52.
There are currently 1.3M AKAN shares outstanding. The market value of AKAN is $1.52M. In the past 24 hours, 32,947 AKAN shares were traded.
How to Buy Akanda Stock
Wondering how to invest in Akanda stock? Here's how.
- Decide where to buy Akanda stock: You need to pick a stock brokerage, but don't worry - we've analyzed dozens of online brokerages and apps to help you determine where to buy Akanda stock.
- Create a brokerage account: Sign up for 0% commission trading with the highest-rated brokerage we've found.
- Deposit funds into your brokerage account: Select your method of payment and add your details.
- Evaluate Akanda stock: The Akanda ticker symbol is AKAN. Is Akanda stock a good investment? Should you buy shares of AKAN? How do AKAN's underlying business fundamentals look? Do top analysts think Akanda is a good buy? Why has AKAN's stock price moved recently? (Hint: Our stock analysis website can help you figure out if AKAN is a good stock to buy).
- Execute your AKAN trade: Decide if you will purchase AKAN shares at the current market price or use a limit order to buy AKAN shares at a specific price.
- Get key alerts regarding your AKAN position: Create a watchlist to track your investment in Akanda shares.
Step 1: Decide where to buy Akanda stock
You will need a brokerage account to access the NASDAQ market and buy AKAN stock.
Our preferred brokerage: eToro
Based on our analysis, eToro is the best brokerage. Here's why:
- Invest in stocks with 0% commissions: Invest without paying trading commissions.
- Buy fractional shares: Even if you can't afford a full share, you can still purchase the stock.
- Access to world financial markets: From Technology to Healthcare, New York to London (for US users, only US stocks are available) — you can fill your portfolio with stocks from the world's top exchanges.
- Social investing: eToro offers a community of more than 20 million users around the world. Talk to, learn from, and copy the crypto trades of top investors.
- Security: eToro is a regulated and licensed brokerage platform.
- Buy other assets: Such as ETFs and cryptos.
Get $10 towards your stock purchase by signing up for an account with eToro now. This offer is only for US users.
Open eToro AccountStep 2: Create a brokerage account
Now that you've selected your brokerage, you need to fill out some personal information so you can invest in AKAN today.
How to Open a New Account on eToro
- Click here to get started.eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.
- Enter your personal data to open your new brokerage account.
- Submit your application by pressing the "Create Account" button. Get started with eToro today
Step 3: Deposit funds into your brokerage account
Now that you have created your account on the best stock app to use, you can securely and quickly fund your account:
Check out the tutorial below to see the process of depositing funds into your new investment account.
Step 4: Evaluate Akanda stock
Once you have selected the best place to buy Akanda stock, it's crucial to analyze their stock prior to buying, so you can understand the risk and upside.
Akanda shares quick numbers
Fundamentals of AKAN
WallStreetZen was created to help everyday investors do more accurate fundamental analysis in less time.
You can see all of the due diligence checks on AKAN's stock page.
Is AKAN stock properly valued?
You can use many financial metrics, analyses, models, and charts to gauge AKAN's fair value.
Using relative valuations measures:
- AKAN may be undervalued based on its P/B ratio of 0.33x, relative to Drug Manufacturers - Specialty & Generic industry P/B ratio of 1.98x
You can do additional valuation research on AKAN's stock here.
AKAN Financial Health Overview
Positive Financial Indicators:
- AKAN has cash burn of 4414120. It has enough cash and short-term investments to cover this for at least one year.
- There are more short-term assets than long-term liabilities on the AKAN balance sheet.
- There are more short-term assets than short-term liabilities on the AKAN balance sheet.
- AKAN has $6.03M in cash and short term investments. This is enough to cover its annual cash burn of $4.41M.
Negative Financial Indicators:
- AKAN profit margin has gone down from -558.5% to -2,345.9% in the past year.
- AKAN has a relatively high debt to equity ratio of 1.18.
AKAN Technicals
How is AKAN performing as a company?
Last year, AKAN revenue was $1.24M. Over the past 2 year, AKAN's revenue has grown by 234.8% per year. This was faster than the Drug Manufacturers - Specialty & Generic industry average of 7.89%.
You can analyze AKAN's earnings and revenue performance here.
Latest Insiders Trades at AKAN
In the past year, executives and large shareholders at AKAN have not bought or sold any shares.
Learn more about who owns AKAN stock here.
Can I rely on AKAN as an income stream?
No, Akanda doesn't provide an income stream by paying out dividends.
What others are saying about AKAN
One of the biggest reasons eToro is our top-rated brokerage is because of its social trading community.
Click below to learn what other investors have to say.
Step 5: Execute your AKAN trade
There are two main options:
- Market order: A market order is an order to buy or sell a stock at the best possible price.
Market orders are usually fine for most investors. - Limit order: A limit order lets you buy or sell a stock at a specific price (or better).
If you want to be sure you're buying or selling at a specific dollar amount limit, use a limit order.
Press the Open Trade button and your broker will execute the order.
If you need more help with buying stocks on eToro, watch the helpful video below:
Step 6: Get key alerts regarding your AKAN position
Now that you own some shares in AKAN, you'll want to stay up-to-date on your new shares.
Create a watchlist to track your AKAN stock.
AKAN Feed
How to Buy Stock in Akanda
To reiterate, here are the 6 steps to buy stock in Akanda:
- Decide where to buy Akanda stock
- Create a brokerage account
- Deposit funds into your brokerage account
- Evaluate Akanda stock
- Execute your AKAN trade
- Get key alerts regarding your AKAN position
If you need a brokerage account, eToro is our recommended option.
Get Started with eToro TodayIf you want to get the latest news on your new investment in Akanda, create a watchlist today.
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