$120,000.00 in Sales Expected for Aquabounty Technologies Inc (AQB) This Quarter

Brokerages expect Aquabounty Technologies Inc (NASDAQ:AQB) to announce $120,000.00 in sales for the current quarter, Zacks Investment Research reports. Two analysts have issued estimates for Aquabounty Technologies’ earnings, with estimates ranging from $20,000.00 to $220,000.00. The company is expected to issue its next earnings report on Thursday, March 14th.

On average, analysts expect that Aquabounty Technologies will report full-year sales of $200,000.00 for the current fiscal year, with estimates ranging from $100,000.00 to $300,000.00. For the next fiscal year, analysts expect that the company will report sales of $1.11 million, with estimates ranging from $600,000.00 to $1.62 million. Zacks’ sales calculations are an average based on a survey of sell-side research analysts that follow Aquabounty Technologies.

Aquabounty Technologies (NASDAQ:AQB) last issued its quarterly earnings data on Friday, November 2nd. The company reported ($0.21) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.20) by ($0.01). The business had revenue of $0.01 million for the quarter, compared to analyst estimates of $0.14 million.

Several research firms have recently weighed in on AQB. HC Wainwright set a $4.00 price target on shares of Aquabounty Technologies and gave the company a “buy” rating in a research note on Wednesday, November 28th. ValuEngine raised shares of Aquabounty Technologies from a “hold” rating to a “buy” rating in a research report on Wednesday, November 7th. Finally, Zacks Investment Research raised shares of Aquabounty Technologies from a “sell” rating to a “hold” rating in a research report on Thursday, September 13th.

AQB stock traded up $0.06 during mid-day trading on Thursday, reaching $2.23. The company’s stock had a trading volume of 11,100 shares, compared to its average volume of 87,529. The company has a market cap of $32.16 million, a price-to-earnings ratio of -2.10 and a beta of -0.66. The company has a current ratio of 0.98, a quick ratio of 0.94 and a debt-to-equity ratio of 0.14. Aquabounty Technologies has a fifty-two week low of $2.11 and a fifty-two week high of $9.99.

An institutional investor recently raised its position in Aquabounty Technologies stock. ARK Investment Management LLC boosted its holdings in shares of Aquabounty Technologies Inc (NASDAQ:AQB) by 81.1% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 170,697 shares of the company’s stock after acquiring an additional 76,458 shares during the period. ARK Investment Management LLC owned about 1.33% of Aquabounty Technologies worth $568,000 at the end of the most recent reporting period. 54.25% of the stock is currently owned by institutional investors and hedge funds.

About Aquabounty Technologies

AquaBounty Technologies, Inc, a biotechnology company, develops and markets products to enhance productivity in aquaculture. It offers AquAdvantage Salmon, a genetically modified Atlantic salmon for human consumption. The company was formerly known as Aqua Bounty Farms, Inc and changed its name to AquaBounty Technologies, Inc in June 2004.

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