Telsey Advisory Group analysts downgrades a Market perform rating for a.k.a. Brands Holding Corp. (AKA)


a.k.a. Brands Holding Corp.’s filing revealed that its Chief Financial Officer LONG CIARAN JOSEPH acquired Company’s shares for reported $50387.0 on Mar 17. In the deal valued at $0.63 per share,79,979 shares were bought. As a result of this transaction, LONG CIARAN JOSEPH now holds 383,226 shares worth roughly $ 0.19 million.

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Then, MCCORMICK MYLES B bought 56,250 shares, generating $36,562 in total proceeds. Upon buying the shares at $0.65, the Director now owns 122,635 shares.

Telsey Advisory Group downgraded its a.k.a. Brands Holding Corp. [AKA] rating to a Market perform from a an Outperform in a research note published on Friday, March 10, 2023; the price target was decreased to $2 from $4. PT values the company’s stock at a premium of 75.0 to its Friday closing price.

Price Performance Review of AKA

On Friday, a.k.a. Brands Holding Corp. [NYSE:AKA] saw its stock fall -0.50% to $0.50. On the same session, the stock had its day’s lowest price of $0.4879, but rose to a high of $0.57. Over the last five days, the stock has gained 13.75%. a.k.a. Brands Holding Corp. shares have fallen nearly -60.59% since the year began. Nevertheless, the stocks have fallen -75.94% over the past one year. While a 52-week high of $3.00 was reached on 02/17/23, a 52-week low of $0.30 was recorded on 05/04/23. SMA at 50 days reached $0.4503, while 200 days put it at $0.8805. A total of 0.13 million shares were traded, compared to the trading of 0.15 million shares in the previous session.

Levels Of Support And Resistance For AKA Stock

The 24-hour chart illustrates a support level at 0.4689, which if violated will result in even more drops to 0.4374. On the upside, there is a resistance level at 0.5510. A further resistance level may holdings at 0.6016. The Relative Strength Index (RSI) on the 14-day chart is 56.90, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.0517, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 37.61%. Stochastics %K at 65.05% indicates the stock is a holding.

How much short interest is there in a.k.a. Brands Holding Corp.?

A steep rise in short interest was recorded in a.k.a. Brands Holding Corp. stocks on Aug 14, 2023, dropping by 65980.0 shares to a total of 0.19 million shares. Yahoo Finance data shows the prior-month short interest on Jul 13, 2023 was 0.25 million shares. There was a decline of -35.57%, which implies that there is a negative sentiment for the stock. In spite of short shares comprising just 1.71% of the overall stock float, the days-to-cover ratio (short ratio) fell to 0.97.

a.k.a. Brands Holding Corp. [AKA] – Who Are The Largest Shareholders?

In filings from Renaissance Technologies LLC, it is revealed that the company now owns 444,000 shares, or roughly 0.34% of the outstanding AKA shares. In other words, the investor’s shares have risen by 347,800 from its previous 13-F filing of 96200.0.. At present, Geode Capital Management LLC is holding 94,260 shares valued at $48073.0. Squarepoint OPS LLC owned 87,161 shares of the company at the time of its most recent 13F filing, worth $44452.0.

According to FactSet, a.k.a. Brands Holding Corp.’s share price will average $0.91 in the next year, based on opinions of analysts polled by the firm. This is up nearly 80.0 percent from its previous closing price of $0.50. Analysts expect a.k.a. Brands Holding Corp. stock to reach the higher price of $1.50, while the lowest price estimate is $0.40. However, 8 analysts have rated AKA stock as a Hold in their predictions for 2023.


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