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 $1.61, down 4.17% from the previous day, and has decreased 66.29% in one year. It has underperformed other stocks in the Drug Manufacturers - Specialty & Generic industry by 0.46 percentage points. Akanda stock is currently +4.55% from its 52-week low of $1.54, and -82.67% from its 52-week high of $9.29.
There are currently 728,238 AKAN shares outstanding. The market value of AKAN is $1.17M. In the past 24 hours, 123,000 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/E ratio of 0.37x, relative to Drug Manufacturers - Specialty & Generic industry P/E ratio of -15.26x
- AKAN may be undervalued based on its P/B ratio of 0.36x, relative to Drug Manufacturers - Specialty & Generic industry P/B ratio of 2.2x
You can access more valuation research on AKAN's stock here.
AKAN Financial Health Summary
Positive Financial Indicators:
- There are more short-term assets than short-term liabilities on the AKAN balance sheet.
- AKAN has cash burn of 2518234. 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.
- AKAN has $3.52M in cash and short term investments. This is enough to cover its annual cash burn of $2.52M.
Negative Financial Indicators:
- AKAN profit margin has gone up by 92.4 percentage points in the past year, but the company is still unprofitable.
- AKAN has a relatively high debt to equity ratio of 0.88.
AKAN Technical Indicators
Is AKAN Growing Revenue?
Last year, AKAN revenue was $359.66k. Over the past 3 year, AKAN's revenue has increased by 131.08% per year. This was faster than the Drug Manufacturers - Specialty & Generic industry average of 10.16%.
Learn more about AKAN's earnings and revenue performance here.
Are AKAN executives and large shareholders buying or selling the stock?
In the last year, insiders at AKAN have not bought or sold any shares.
Research more about who owns AKAN shares here.
Does AKAN provide a stable income stream?
No, Akanda doesn't provide an income stream by paying out dividends.
What do other traders have to say about AKAN?
One of the primary reasons eToro is our top-rated brokerage is because of its social trading community.
Click below to see what other community members have to say.
Step 5: Execute your AKAN trade
You have two main order types:
- Market order: A market order is an order to buy or sell a security at the best available price.
Market orders are generally fine for most investors. - Limit order: A limit order is an order to buy or sell a security at a specific price (or better).
If you want to make sure you're buying or selling at a given dollar amount, place a limit order.
Click the Open Trade button and your broker will place your order.
If you require additional help investing in stocks on eToro, watch the how to 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 investment.
Make a watchlist to keep tabs on your AKAN stock.
AKAN Feed
How to Buy Stock in Akanda
To summarize, here are the 6 steps you need to take to buy Akanda stock right now:
- 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 online brokerage, eToro is our favorite option.
Get Started with eToro TodayIf you would like to watch your investment in Akanda, add AKAN to your watchlist by clicking the button below.
Related Articles
FAQ
Company
AboutNewsBlogStock Investing FAQPlansPrivacy PolicyTerms of ServiceCancellation & RefundsPerformanceHelp GuidesContactTwitterYouTubeNewsletterInformation is provided 'as-is' and solely for informational purposes and is not advice. WallStreetZen does not bear any responsibility for any losses or damage that may occur as a result of reliance on this data.