Herd Of Investors Is Moving Into Aphria Inc. (APHA)
Aphria Inc. (APHA) will probably climb -100 percent over the next 12 months, according to price target estimates compiled by finviz. Meanwhile, they have set a $25-month high price target. This represents a whopping 261.27 percent increase from where shares are trading today. The 12-month median price target assigned by the analysts stands at $14.5, which represents a return potential of 109.54 percent when compared to the closing price of the stock of $6.92 on Friday, January 11. The lowest price target for the stock is $7 — slightly more than 1.16 percent from APHA’s current share price.
The stock is currently hovering around the first support level of $6.47. Below this, the next support is placed in the zone of $6.03. Till the time, the APHA stock trades above this level, bulls have nothing to fear. On momentum oscillators front, ‘RSI’ has touched 50.88 on daily chart, which may remain a cause for concern. If the price breaks below $6.03 level on closing basis, then we may see more profit booking and the stock may show further weakness. On the flipside, hitting the $7.28 mark may result into a pull-back move towards $7.65 level.
On 11th of January, Aphria Inc. (NYSE:APHA) shares ended higher after a volatile session. The shares accumulated 0.34 points or 5.17 percent at $6.92 with a heavy trade volume of 16.422 million shares. After opening the session at $6.43, the shares went as high as $7.2 and as low as $6.39, the range within which the stock’s price traded throughout the day. The firm is left with a market cap of $1.73 billion and now has 249.76 million shares outstanding. Aphria Inc. (APHA) stock has gained 12.7 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 surged 21.62 percent year to date (YTD) against a decline of -61.77 percent in 12 month’s time. The company’s shares still trade -63.79 percent away from its 1-year high of $19.11 and 84.53 percent up from 52-week low of $3.75. 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 173.01 times earnings reported for the past 12 months. The industry APHA operates in has an average P/E of 31.12. Its P/E ratio went as low as 0X and as high as 0 over the 5-year span. Further, it is sporting a 52.15 on the Price-to-Sales ratio. Compare this with the industry average P/S of 4. 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.
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