AquaBounty price prediction - (AQB)
General video on hot stocks, penny stocks where i share my opinions and knowledge with the wider community
Hey guys, welcome back to my channel, I’m stockped and today we are going to cover off Aquabounty AQB.
Make sure you stick around to the end of the video, i’m pretty sure you’re going to like what i have for you!
We are going over
Latest News for AQB
Stock Chart Analysis
Future
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So for those who are new to the channel and you have never heard of Aquabounty, well let me tell you about this company.
AquaBounty Inc. develops and markets products to enhance productivity in land-based aquaculture. It offers AquAdvantage Salmon, a bioengineered Atlantic salmon for human consumption.
They now have 3 analysts covering this stock with an average share price of $9.5. This is considering the max of 15 and low of 4.5 (we get an avg of 9.5). If we look at previous closes of around $8.76 we could assume there is still a good 8.4% potential upside.
They seem to be getting more noticed in the market which is a good thing, we know ARK is snapping up this stock and now holding firmly 8.6 million shares worth around $74 million dollars (not bad huh). They sold a tiny bit just before the end of 2021 on the 30 Dec but i assume that was just to skim a bit of profits to top up their earnings for 2020 and totally normal.
Stock Analysis
Not a great deal going on here to be honest, we are still seeing the stock trading sideways and consolidating in that channel i mentioned in my earlier video. I’m going to take an educated guess that we will trade in this channel (which is not a bad thing as it gives us the chance to keep buying cheap) until the earnings report around 2nd March.
Could be interesting, will investors buy the rumour and sell the news leading up to the earnings report with expectations the earnings will be green and healthy, watch this space!
Either way, as i said, its not bad, if you want to get into it, it’s still fairly cheap especially if we break through the $10 ceiling offering us that resistance (and close above it for a few days straight). Once it breaks through, it will be harder to fall below the 10 range again.
On the back of all this, i just want to leave you all with a thought, if Aquabounty are shaping up to be leaders in this field of bio engineered foods, what’s to stop them from moving into different foods seeing as they have the technology and the know how?
Let’s not forget, AQB is currently the only company to offer genetically engineered animal protein that is approved for human consumption in the US and Canada. What happens when and if they get approval in the EU, how will that affect their earnings and stock price?
Definitely worth holding this stock for long!!
Dont forget to hit that subscribe button and smash the like button, appreciate your time guys and i’ll see you all in the next video.