By watching the trading activity of corporate insiders, it will become easier to get a sense of Aphria Inc. (NYSE:APHA)’s prospects.
Aphria Inc. (APHA) is expected to jump by -100 percent over the next 12 months, according to price target estimates compiled by finviz. Meanwhile, they have set a $28-month high price target. This represents a whopping 405.42 percent increase from where shares are trading today. The 12-month median price target assigned by the analysts stands at $19, which represents a return potential of 242.96 percent when compared to the closing price of the stock of $5.54 on Thursday, December 06. The lowest price target for the stock is $7 — slightly more than 26.35 percent from APHA’s current share price.
The shares are currently floating around the first support level of $4.33. Below this, the next support is placed in the zone of $3.12. Till the time, the APHA stock trades above this level, bulls have nothing to fear. On momentum oscillators front, ‘RSI’ has touched 30.92 on daily chart, which may remain a cause for comfort. If the price breaks below $3.12 level on closing basis, then we may see more profit booking and the stock may show further weakness. On the flipside, hitting the $6.17 mark may result into a pull-back move towards $6.8 level.
APHA shares accumulated 1.03 points or 22.84 percent on Thursday to $5.54 with a heavy trade volume of 30.684 million shares. After opening the session at $3.9, the shares went as high as $5.59 and as low as $3.75, the range within which the stock’s price traded throughout the day. The firm is left with a market cap of $1.29 billion and now has 232.37 million shares outstanding. Aphria Inc. (APHA) stock has lost -54.78 percent of market value in 21 trading days.
APHA stock has a trailing 3-year beta of 0, offering the possibility of a lower rate of return, but also posing less risk. The portion of a company’s profit allocated to each outstanding share of common stock was $0.15 a share in the trailing twelve months. The stock’s value has fallen -62.44 percent year to date (YTD) against a decline of -48.03 percent in 12 month’s time. The company’s shares still trade -72.12 percent away from its 1-year high of $19.87 and 25.34 percent up from 52-week low of $4.42. The average consensus rating on the company is 0, on a scale where 5 equates to a unanimous sell rating. In short, the mean analyst recommendations are calling this stock a buy.
Shares of Aphria Inc. (APHA) are trading at a P/E ratio of 55.07 times earnings reported for the past 12 months. The industry APHA operates in has an average P/E of 29.45. Its P/E ratio went as low as 0X and as high as 0 over the 5-year span. Further, it is sporting a 38.84 on the Price-to-Sales ratio. Compare this with the industry average P/S of 19.89. 0 percent is the gross profit margin for Aphria Inc. and operating margin sits at 0 percent. Along with this, the net profit margin is 0 percent.