Home > Boards > Free Zone > All Trading - Technical > Abet Chichi2 (Chichi2)

Aphria Inc (APHA) Stock Plummets on Dismal Quarterly

Public Reply | Private Reply | Keep | Last ReadPost New MsgNext 10 | Previous | Next
DiscoverGold Member Profile
Member Level 
Followed By 464
Posts 70,108
Boards Moderated 42
Alias Born 03/10/04
160x600 placeholder
DiscoverGold Member Level  Monday, 04/12/21 02:09:48 PM
Re: None
Post # of 73185 
Aphria Inc (APHA) Stock Plummets on Dismal Quarterly Report
By: Schaeffer's Investment Research | April 12, 2021

• The cannabis company reported third-quarter losses of 91 cents per

• Aphria's earnings report is weighing on the sector

The Canadian pot sector is seeing some negative price action today, after a fiscal third-quarter earnings report from Aphria Inc (NASDAQ:APHA). According to an analyst from Stifel, the company's earnings are "setting the tone for what is going to be a difficult earnings season for the Canadian producers." More specifically, Aphria announced losses of 91 cents per share, much wider than the three cents anticipated by analysts, on lower-than-expected revenue. At last check, APHA was down 13.6% to trade at $14.07, on track for its worst single-session loss since Feb. 11.

Today's plummet has Aphria stock looking to close below the 80-day moving average for the first time since late November. However, the $14 level has served to catch multiple pullbacks since February, and appears to be catching today's gap lower. Year-to-date, the equity is still up around 104%.



Meanwhile, options traders are chiming in at a rate that's double what's typically seen at this point. So far today, 46,000 calls and 18,000 puts have crossed the tape, volume that's pacing for the 97th percentile of its annual range. Most popular by far is the April 15 call, where new positions are being opened.

Looking at the options pits within the last two weeks, APHA's 10-day put/call volume ratio of 0.59 at the International Securities Exchange (ISE), Cboe Options Exchange (CBOE) stands higher than all other annual readings. This means that while calls have outnumbered puts on an absolutely basis, puts have been picked up at their fastest rate all year.

Now could be a decent time to weigh in on these options, too. The stock is seeing reasonably priced premiums at the moment, per APHA's Schaeffer's Volatility Index (SVI) of 104%, which sits in the 20th percentile of its annual range. Furthermore, the security's Schaeffer's Volatility Scorecard (SVS) sits at a 91 out of 100, meaning Aphria stock has exceeded option traders' volatility expectations during the past year.

Read Full Story »»»

DiscoverGold

Information posted to this board is not meant to suggest any specific action, but to point out the technical signs that can help our readers make their own specific decisions. Caveat emptor!
• DiscoverGold
Public Reply | Private Reply | Keep | Last ReadPost New MsgNext 10 | Previous | Next
Follow Board Follow Board Keyboard Shortcuts Report TOS Violation
X
Current Price
Change
Volume
Detailed Quote - Discussion Board
Intraday Chart
+/- to Watchlist
Consent Preferences