AQB Stock Summary and Trading Ideas (Aquabounty Techs | NASDAQ:AQB)

AquaBounty Technologies Inc is engaged in the field of land-based aquaculture and the use of technology to improve the productivity and sustainability. The company's objective is to ensure the availability of high-quality seafood to meet consumer demand while addressing critical production constraints in the popular farmed species.

Aquabounty Techs trades on the NASDAQ stock market under the symbol AQB.

As of April 17, 2024, AQB stock price climbed to $1.75 with 4,666 million shares trading.

AQB has a beta of 2.93, meaning it tends to be more sensitive to market movements. AQB has a correlation of 0.10 to the broad based SPY ETF.

AQB has a market cap of $6.74 million. This is considered a Sub-Micro Cap stock.

Last quarter Aquabounty Techs reported $553,250 in Revenue and -$2.19 earnings per share. This fell short of revenue expectation by $-176,750 and missed earnings estimates by -$.66.

In the last 3 years, AQB stock traded as high as $130.60 and as low as $1.57.

The top ETF exchange traded funds that AQB belongs to (by Net Assets): VXF, DFAT.

AQB has underperformed the market in the last year with a price return of -84.8% while the SPY ETF gained +23.0%. AQB has also underperformed the stock market ETF in the last 3 month and 2 week periods returning -18.3% and -12.2%, respectively, while the SPY returned +5.7% and -3.5%, respectively.

AQB support price is $1.66 and resistance is $1.82 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that AQB stock will trade within this expected range on the day.