NASDAQ:KERN

Akerna (KERN) Stock Forecast, Price & News

$0.71

0.00 (0.00%)

(As of 06/9/2023 ET)

Compare

Today's Range: $0.70
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$0.74
50-Day Range: $0.69
▼
$0.85
52-Week Range: $0.66
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$8.80

Volume: 29,580 shs
Average Volume: 365,632 shs
Market Capitalization: $4.07 million

P/E Ratio: N/A
Dividend Yield: N/A
Price Target: $1.00

Akerna MarketRank™ Forecast

Analyst Rating: Hold
2.00 Rating Score
Upside/Downside: 41.6% Upside
$1.00 Price Target
Short Interest: Healthy
1.48% of Float Sold Short
Dividend Strength: N/A
Sustainability: N/A
News Sentiment: 0.95
Based on 7 Articles This Week
Insider Trading: N/A
Proj. Earnings Growth: N/A

Overall MarketRank^™

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

1.92 out of 5 stars

3.0

Analyst's Opinion

Consensus Rating
Akerna has received a consensus rating of Hold. The company's average rating score is 2.00, and is based on no buy ratings, 1 hold rating, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $1.00, Akerna has a forecasted upside of 41.6% from its current price of $0.71.
Amount of Analyst Coverage
Akerna has only been the subject of 1 research reports in the past 90 days.

5.0

Short Interest

Percentage of Shares Shorted
1.48% of the float of Akerna has been sold short.
Short Interest Ratio / Days to Cover
Akerna has a short interest ratio ("days to cover") of 1.5, which is generally considered an acceptable ratio of short interest to trading volume.
Change versus previous month
Short interest in Akerna has recently decreased by 9.83%, indicating that investor sentiment is improving significantly.

0.0

Dividend Strength

Dividend Yield
Akerna does not currently pay a dividend.
Dividend Growth
Akerna does not have a long track record of dividend growth.

N/A

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
There is no current Upright™ data available for KERN.

3.3

News and Social Media Coverage

News Sentiment
Akerna has a news sentiment score of 0.95. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.51 average news sentiment score of Medical companies.
News Coverage This Week
MarketBeat has tracked 7 news articles for Akerna this week, compared to 1 article on an average week.
MarketBeat Follows
1 people have added Akerna to their MarketBeat watchlist in the last 30 days.

0.0

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Akerna insiders have not sold or bought any company stock.
Percentage Held by Insiders
Only 3.15% of the stock of Akerna is held by insiders.

0.0

Earnings and Valuation

Price to Earnings Ratio vs. the Market
The P/E ratio of Akerna is -0.03, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.
Price to Earnings Ratio vs. Sector
The P/E ratio of Akerna is -0.03, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.

See Top Rated MarketRank™ Stocks Here

About Akerna (NASDAQ:KERN) Stock

Akerna Corp. provides enterprise software solutions that enable regulatory compliance and inventory management in United States and Canada. The company offers MJ Platform for the cannabis, hemp, and CBD industry; and Leaf Data Systems, a government regulatory software. It also provides consulting services to cannabis industry; business intelligence, data analytics and other software related services; and Last Call Analytics, a tool for alcohol brands to analyze their retail sales analytics. In addition, the company operates seed-to-sale platform that offers tracking, reporting, and compliance tools to cannabis cultivators, processors, sellers, and clinics. Further, it provides cannabis cultivation management and compliance software; and cannabis tracking technology that offers seed-to-sale-to-self data. Akerna Corp. was founded in 2010 and is headquartered in Denver, Colorado.

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KERN Stock News Headlines

June 7, 2023 | americanbankingnews.com

Akerna Corp. (NASDAQ:KERN) Forecasted to Post Q2 2023 Earnings of ($0.32) Per Share

June 6, 2023 | finance.yahoo.com

All You Need to Know About Akerna Corp. (KERN) Rating Upgrade to Buy

June 9, 2023 | Behind the Markets (Ad)

[BREAKING] New "Living Missile" to Replace Nuclear Missiles

CBS News Reports: "It's an entirely new type of weapon." The New York Times Reports: "No existing defense can stop it." And one small company is building them for the Pentagon!

June 3, 2023 | msn.com

HC Wainwright & Co. Reiterates Akerna (KERN) Neutral Recommendation

May 17, 2023 | finance.yahoo.com

Akerna First Quarter 2023 Earnings: US$0.48 loss per share (vs US$13.89 loss in 1Q 2022)

May 1, 2023 | finanznachrichten.de

Akerna Corp.: Akerna Announces Sale of Software Business to MJ Freeway Acquisition Co, Coinciding with Merger with Gryphon Digital Mining

April 29, 2023 | marketwatch.com

Akerna to Sell its Cannabis Software Business

April 29, 2023 | msn.com

Akerna divests its cannabis software business to SPAC MJ Freeway

June 9, 2023 | Behind the Markets (Ad)

Laser breakthrough could send stock soaring 2,467%

Laser breakthrough could send stock soaring 2,476% Whenever the military develops a breakthrough technology, timely investors could see groundbreaking returns. General Dynamics returned 8,990%... Boeing soared 4,238%... L3Harris shot up 1,628%...

April 28, 2023 | finance.yahoo.com

Akerna Announces Sale of Software Business to MJ Freeway Acquisition Co, Coinciding with Merger with Gryphon Digital Mining

April 26, 2023 | finance.yahoo.com

Gryphon Digital Mining to Present at the Ladenburg Thalmann Tech Expo 2023

April 7, 2023 | finance.yahoo.com

Akerna Receives Superior Acquisition Proposal, Terminates Agreement with POSaBIT

March 24, 2023 | americanbankingnews.com

Akerna (NASDAQ:KERN) PT Lowered to $1.00 at HC Wainwright

March 21, 2023 | finance.yahoo.com

Akerna Announces Financial Results for Fourth Quarter and Full Year 2022

February 15, 2023 | finance.yahoo.com

Akerna Provides Update on Recently Announced Transactions

February 1, 2023 | finance.yahoo.com

Akerna Regains Compliance with NASDAQ Continued Listing Requirements

January 12, 2023 | benzinga.com

Why Akerna Shares Are Trading Higher By 97%; Here Are 20 Stocks Moving Premarket

November 29, 2022 | finance.yahoo.com

Pass the Pre-Rolls, Please: Thanksgiving Holiday Cannabis Sales See Double-Digit Year-Over-Year Growth

November 14, 2022 | finance.yahoo.com

Akerna Corp. (KERN) Reports Q3 Loss, Misses Revenue Estimates

November 14, 2022 | finance.yahoo.com

Akerna Announces Financial Results for Third Quarter 2022

November 8, 2022 | finance.yahoo.com

Akerna Corp. Announces Intent to Effect Reverse Stock Split

November 7, 2022 | finance.yahoo.com

Akerna to Announce Financial Results for the Third Quarter of 2022 on November 14, 2022

November 6, 2022 | benzinga.com

Akerna Report: Haloween Cannabis Sales Grew 6%YoY, Reaching Almost $250M

November 6, 2022 | benzinga.com

Akerna Report: Halloween Cannabis Sales Grew 6%YoY, Reaching Almost $250M

November 4, 2022 | finance.yahoo.com

Akerna Flash Report: Halloween Weekend Cannabis Sales Total $249.6 Million

October 19, 2022 | streetinsider.com

Form DEF 14A Akerna Corp. For: Nov 07 - StreetInsider.com

October 13, 2022 | marketscreener.com

Akerna To Participate In LD Micro Main Event XV - Marketscreener.com

See More Headlines

KERN Price History

30 days | 90 days | 365 days | Advanced Chart

KERN Company Calendar

Last Earnings: 3/21/2023
Today: 6/09/2023
Next Earnings (Estimated): 8/09/2023
Fiscal Year End: 12/31/2023

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Industry, Sector and Symbol

Stock Exchange: NASDAQ
Industry: Data processing & preparation
Sub-Industry: N/A
Sector: Medical
Current Symbol: NASDAQ:KERN
CUSIP: N/A
CIK: 1755953
Web: www.akerna.com
Phone: 888-932-6537
Fax: N/A
Employees: 204
Year Founded: N/A

Price Target and Rating

Average Stock Price Forecast: $1.00
High Stock Price Forecast: $1.00
Low Stock Price Forecast: $1.00
Forecasted Upside/Downside: +40.8%
Consensus Rating: Hold
Rating Score (0-4): 2.00
Research Coverage: 1 Analysts

Profitability

EPS (Most Recent Fiscal Year): ($23.45)
Trailing P/E Ratio: N/A
Forward P/E Ratio: N/A
P/E Growth: N/A
Net Income: $-79,060,000.00
Net Margins: -351.55%
Pretax Margin: -239.57%
Return on Equity: -475.50%
Return on Assets: -56.15%

Debt

Debt-to-Equity Ratio: 0.26
Current Ratio: 0.24
Quick Ratio: 0.24

Sales & Book Value

Annual Sales: $13.65 million
Price / Sales: 0.30
Cash Flow: N/A
Price / Cash Flow: N/A
Book Value: ($1.52) per share
Price / Book: -0.47

Miscellaneous

Outstanding Shares: 5,770,000
Free Float: 5,585,000
Market Cap: $4.10 million
Optionable: Not Optionable
Beta: 2.74

Key Executives

Ms. Jessica Billingsley (Age 45)
Founder, CEO & Chairman
Comp: $476.14k

Mr. David R. McCullough (Age 46)
Chief Technology Officer
Comp: $260.07k

Mr. Larry Dean Ditto Jr. (Age 55)
Chief Financial Officer

Georgia Jablon
Communications Mang.

Key Competitors

View All Competitors

Institutional Ownership

K2 Principal Fund L.P.
Bought 48,877 shares on 5/11/2023
Ownership: 1.215%

View All Institutional Transactions

KERN Stock - Frequently Asked Questions

Should I buy or sell Akerna stock right now?: 1 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Akerna in the last year. There are currently 1 hold rating for the stock. The consensus among Wall Street research analysts is that investors should "hold" KERN shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in KERN, but not buy additional shares or sell existing shares.
View KERN analyst ratings or view top-rated stocks.
What is Akerna's stock price forecast for 2023?: 1 equities research analysts have issued 1 year price objectives for Akerna's shares. Their KERN share price forecasts range from $1.00 to $1.00. On average, they anticipate the company's stock price to reach $1.00 in the next twelve months. This suggests a possible upside of 40.8% from the stock's current price.
View analysts price targets for KERN or view top-rated stocks among Wall Street analysts.
How have KERN shares performed in 2023?: Akerna's stock was trading at $0.6902 on January 1st, 2023. Since then, KERN shares have increased by 2.9% and is now trading at $0.71.
View the best growth stocks for 2023 here.
When is Akerna's next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Wednesday, August 9th 2023.
View our KERN earnings forecast.
How were Akerna's earnings last quarter?: Akerna Corp. (NASDAQ:KERN) issued its earnings results on Tuesday, March, 21st. The company reported ($0.90) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.71) by $0.19. The firm earned $2.85 million during the quarter, compared to analysts' expectations of $6.44 million. Akerna had a negative net margin of 351.55% and a negative trailing twelve-month return on equity of 475.50%.
What ETF holds Akerna's stock ?: Amplify Seymour Cannabis ETF holds 13,217 shares of KERN stock, representing 0.04% of its portfolio.

What other stocks do shareholders of Akerna own?: Based on aggregate information from My MarketBeat watchlists, some companies that other Akerna investors own include KushCo (KSHB), Organigram (OGI), Supreme Cannabis (SPRWF), Auxly Cannabis Group (CBWTF), Charlotte's Web (CWBHF), Medical Marijuana (MJNA), MariMed (MRMD), Matinas BioPharma (MTNB), CNBX Pharmaceuticals (CNBX) and DHT (DHT).
What is Akerna's stock symbol?: Akerna trades on the NASDAQ under the ticker symbol "KERN."
Who are Akerna's major shareholders?: Akerna's stock is owned by many different retail and institutional investors. Top institutional investors include K2 Principal Fund L.P. (1.22%). Insiders that own company stock include Jessica Billingsley and Matthew Ryan Kane.
View institutional ownership trends.
How do I buy shares of Akerna?: Shares of KERN stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.
What is Akerna's stock price today?: One share of KERN stock can currently be purchased for approximately $0.71.
How much money does Akerna make?: Akerna (NASDAQ:KERN) has a market capitalization of $4.10 million and generates $13.65 million in revenue each year. The company earns $-79,060,000.00 in net income (profit) each year or ($23.45) on an earnings per share basis.
How many employees does Akerna have?: The company employs 204 workers across the globe.
How can I contact Akerna?: Akerna's mailing address is 1601 ARAPAHOE STREET, DENVER CO, 80202. The official website for the company is www.akerna.com. The company can be reached via phone at 888-932-6537 or via email at ir@akerna.com.

This page (NASDAQ:KERN) was last updated on 6/9/2023 by MarketBeat.com Staff

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