", If the 14-Day Stochastic %K is less than 10 and the Overall Opinion is a Sell, the following displays: "The market is in highly oversold territory. While originally, it was reported that two drillships from SeaDrill would be a part of the venture, that has not been the case, and it is unlikely that it will happen soon. Seadrill’s shares are worth $60 million of capitalization, and it has more than $1 billion in unrestricted cash. Free Barchart Webinars! Futures and Forex: 10 or 15 minute delay, CT. © 2020 Barchart.com, Inc. All Rights Reserved. So bulls will try to keep Aphria above $4.50, then reclaim the 100-day moving average and $5.50. Bret Kenwell is the manager and author of Future Blue Chips and is on Twitter @BretKenwell. But just like Aurora Cannabis (NYSE:ACB), Canopy Growth, Cronos Group (NASDAQ:CRON) and so many others, Aphria has been under intense pressure since that first-quarter spike. Analysts on average predict sales of $437 million this year. Investors See Buy Opportunity? However, the … All rights reserved. Buy on the Bump for the Dividend? There are other examples of unwarranted gains by cannabis stocks. Copyright © 2020 InvestorPlace Media, LLC. That was the low from almost a year ago and, except for a temporary (although violent) breakdown in November, this area has been a line in the sand for the bulls. Nothing in this article should be taken as a solicitation to purchase or sell securities. Click the "See More" link to see the full Performance Report page with expanded historical information. Johnson & Johnson Stock Consolidates. Is SeaDrill Stock SDRL A Buy or Sell? MarketBeat's consensus ratings and … Unlike many of its peers, though, Aphria’s financials are at least somewhat attractive. There’s every chance of even the principal being wiped out. His extraordinary “stock-picking GPS” strategy found Apple at $1.49. 1125 N. Charles St, Baltimore, MD 21201. Copyright © Contact Haselkorn & Thibaut, P.A. This section shows the Highs and Lows over the past 1, 3 and 12-Month periods. Thus, there are no near-term liquidity fears. Volume is also updated but is the delayed consolidated Volume from the symbol's exchange. SDRL stock is in a deep bearish trend and is unlikely to change soon. A year ago, the stock was trading for $4.55. It’s put together two consecutive profitable quarters, and it has had a positive bottom-line result in four of its last five quarters. Get the latest Aphria Inc APHA detailed stock quotes, stock data, Real-Time ECN, charts, stats and more. Aphria isn’t perfect. They’re trying to determine if the sector experienced a dead-cat bounce which will eventually lead to new lows or if marijuana stocks have bottomed but are having trouble rising further amid investors’ lack of trust and tax-loss selling. Marijuana stocks keep trying to carve out a bottom, but their efforts have been sketchy. Granted, its net income of just 16.4 million CAD (7 cents per share) isn’t blowing the roof off, but it’s better than what a majority of its peers are doing. Realtime quote and/or trades are not sourced from all markets. Under the circumstances, the company feels that waiting out the matter and carrying debt is a less appealing alternative; restructuring seems a better idea. Be watchful of a trend reversal. While the entire industry is under pressure, Aphria stock looks like a reasonable, speculative pick for investors. One of the more risky investment sectors is oil exploration. Article printed from InvestorPlace Media, https://investorplace.com/2019/12/is-aphria-the-best-cannabis-stock-to-buy/. With a market cap of about $1.25 billion, Aphria shares trade at less than three times this year’s average revenue estimate. While they may compare cannabis stocks to the dot-com bust, that’s not a perfect analogy. As a result, the real-time prices displayed may have minor discrepancies when comparing the information with other sites offering real-time data, or with brokerage firms. Are you a victim of investment fraud? Thus, Weighted Alpha is a measure of one-year growth with an emphasis on the most recent price activity. quotes delayed at least 15 minutes, all others at least 20 minutes. 4 Things That Make Social Trading Easy in MetaTrader 4, Market Trends Bullish. The biggest issue for the cannabis space is overvaluation. While Seadrill has valuable assets that … Real-time prices are provided by Cboe BZX Exchange on individual U.S. equities quote pages. Kellogg Stock Price Crashes. Seadrill Stock Up 4%. All rights reserved. ", If the 14-Day Stochastic %K is less than 20 and the Overall Opinion is a Sell, the following displays: "The market is approaching oversold territory. Financial Market Data powered by FinancialContent Services, Inc. All rights reserved. Contributor. If APHA rises above those levels and the $5.50 mark, perhaps Aphria can get some traction. PR Newswire - PRF - Wed Sep 23, 7:45AM CDT, CNW Group - CND - Tue Sep 22, 6:10AM CDT, Market Insight Reports - Mon Sep 21, 4:53AM CDT, FTSE All-World Ex-US Smcp Idx ETF Vanguard, Medical Cannabis Market – A $21.2 Billion Opportunity By 2026, Why 2020 is the Year for Cannabis E-Commerce Stocks, High Tide and Namaste Technologies Add Recreational Cannabis Products to CannMart.com for Saskatchewan Customers, Global Cannabis Market 2020 Key Drivers and Challenges, Opportunities and Forecast Insights by 2025, Global Medical Marijuana Market Emerging Trends, Top Companies, Demand, Growth Opportunities, Industry Analysis, Business Review and Forecast Report till 2027.