AQB AquaBounty Technologies

Diamond Equity Research Initiates Coverage on AquaBounty Technologies Inc. (NASDAQ: AQB) with a Valuation of $4.25 Per Share

Diamond Equity Research Initiates Coverage on AquaBounty Technologies Inc. (NASDAQ: AQB) with a Valuation of $4.25 Per Share

NEW YORK, July 16, 2018 (GLOBE NEWSWIRE) -- via NetworkWire – Diamond Equity Research, a leading equity research firm with a focus on small capitalization public companies has initiated coverage of AquaBounty Technologies Inc. (NASDAQ:AQB). The in-depth 25-page initiation report includes detailed information on the AquaBounty business model, services, industry, valuation, management and risks.

The full research report is available . Highlights from the report include:

Large Market Opportunity

The aquaculture industry has grown rapidly in recent years due to increasing demand for seafood driven by population growth and increasing per capita consumption, reflecting rising disposable incomes in developing countries, improved distribution, and an increasing preference for healthier food choices. The global aquaculture market is expected to reach $226.2 billion in 2022 from $169.9 billion in 2017, growing at a compound average growth rate (CAGR) of 5.9 percent, according to a report on global aquaculture by BCC Research. The market for salmon is expected to grow to $19.8 billion in 2022 from $14.2 billion in 2017, at a CAGR of 6.9 percent. Additionally, the genetically modified (GM) food industry is projected to grow at a CAGR of 3.2 percent by the end of 2021 due to increasing acceptance of GM food on a global basis, according to Research Nester.

As a biotech aquaculture company, AquaBounty specializes in genetically modified salmon to enhance growth of the fish and to reduce pollution associated with salmon breeding and harvesting. The company currently focuses on AquAdvantage® Salmon farming under controlled conditions, as an alternative to traditional commercial harvesting of wild species of aquatic organisms. AquaBounty’s exclusive research and business model provides it with a distinctive advantage in the aquaculture and genetically modified food industries.

Unique Technology

AquaBounty’s land-based farming of AquAdvantage® Salmon, the first genetically modified animal approved for human consumption, is an effective method of producing larger quantities of salmon outside coastal zones, while complying with environmental regulations. Compared to traditional aquaculture, the company uses only 75 percent of feed to farm salmon, reducing operating costs. AquAdvantage® Salmon grows faster, becoming ready for sale in almost half the time, thus supporting more production in less time. AquAdvantage® Salmon could reduce the carbon footprint by 25 times, compared to traditional salmon, providing a key sustainability advantage.

Attractive Valuation

It is challenging to value AquaBounty using a single method of traditional valuations. We believe it cannot be compared directly with other biotechnology companies because it specializes in producing its proprietary AquAdvantage® Salmon. We have therefore valued it using a blended discounted cash flow analysis and technology value analysis, with a mix of similar biotechnology and aquaculture companies. Our combined valuation analysis indicates that AquaBounty’s shares are significantly undervalued. Based on an average of the two methods, we computed a valuation of $4.25 per share, indicating substantial upside from the current price.

About AquaBounty Technologies Inc.

AquaBounty Technologies focuses on the enhancement and improvement of the productivity in commercial aquaculture. It uses genetic manipulation and other molecular biologic techniques to improve the quality and yield of fish stocks. The company was founded in 1991 and is headquartered in Maynard, Massachusetts.

For more information, visit

About Diamond Equity Research

Diamond Equity Research provides institutional, quality research to emerging growth companies that are undercovered and undervalued. Diamond Equity Research is an approved sell-side provider on premiere institutional investor platforms including Factset, Morningstar, and Thomson One. The founder, Hunter Diamond, CFA, brings extensive experience working as a research analyst and investment banker focused on emerging growth companies. Hunter Diamond, CFA holds his Bachelor of Science and Master of Business Administration from Cornell University. The firm is headquartered in midtown Manhattan.

For more information, visit .

Disclosures:

Full disclosures pertaining to this report can be found in the report at . AquaBounty Technologies Inc. has paid for this report as company sponsored research, which is meant to subsidize the high cost of creating the report and monitoring the security, however the views in the report reflect that of Diamond Equity Research. Diamond Equity Research LLC is being compensated by AquaBounty Technologies Inc. for producing research materials regarding AquaBounty Technologies Inc. and its securities. All payments are received upfront and are billed for an annual or semi-annual research engagement. As of 07/16/2018 the issuer had paid us $20,000 for our services, with services commencing on 06/18/2018. Additional fees may have accrued since then.

Contact:

Hunter Diamond, CFA

Diamond Equity Research LLC

Corporate Communications Contact: 

NetworkNewsWire (NNW) 

New York, New York



212.418.1217 Office

EN
16/07/2018

Underlying

To request access to management, click here to engage with our
partner Phoenix-IR's CorporateAccessNetwork.com

Reports on AquaBounty Technologies

 PRESS RELEASE

AquaBounty Announces a Pause to Ohio Farm Construction While It Evalua...

AquaBounty Announces a Pause to Ohio Farm Construction While It Evaluates Scope Alternatives and a Possible Phased Approach MAYNARD, Mass., June 02, 2023 (GLOBE NEWSWIRE) -- AquaBounty Technologies, Inc. (NASDAQ: AQB) (“AquaBounty” or the “Company”), a land-based aquaculture company utilizing technology to enhance operational performance and sustainability, announced today that the Company will pause the construction of its farm in Pioneer, Ohio due to a substantial increase in its estimated cost of completion. The Company will now take the required time to evaluate the timing and cost of...

 PRESS RELEASE

AquaBounty Technologies Announces Retirement of Richard J. Clothier fr...

AquaBounty Technologies Announces Retirement of Richard J. Clothier from Board of Directors MAYNARD, Mass., March 30, 2023 (GLOBE NEWSWIRE) -- AquaBounty Technologies, Inc. (NASDAQ: AQB) (“AquaBounty” or the “Company”), a land-based aquaculture company utilizing technology to enhance productivity and sustainability, today announced that Richard J. Clothier will retire from the AquaBounty Board of Directors and will not stand for reelection at the Company’s Annual Shareholder Meeting on May 25, 2023. Mr. Clothier has extensive experience in the agribusiness and biotechnology sectors, havi...

 PRESS RELEASE

AquaBounty Technologies Announces Fourth Quarter and Full Year 2022 Fi...

AquaBounty Technologies Announces Fourth Quarter and Full Year 2022 Financial Results MAYNARD, Mass., March 07, 2023 (GLOBE NEWSWIRE) -- AquaBounty Technologies, Inc. (NASDAQ: AQB) (“AquaBounty” or the “Company”), a land-based aquaculture company utilizing technology to enhance productivity and sustainability, today announced the Company’s financial results for the fourth quarter and full year ended December 31, 2022. Fourth Quarter and Full Year 2022 Highlights and Recent Developments Generated $451 thousand in product revenue in the fourth quarter, a year-over-year increase of 8% ...

Aquabounty Technologies Inc: 4 directors

A director at Aquabounty Technologies Inc maiden bought 10,000 shares at 0.778USD and the significance rating of the trade was 51/100. Is that information sufficient for you to make an investment decision? This report gives details of those trades and adds context and analysis to them such that you can judge whether these trading decisions are ones worth following. Included in the report is a detailed share price chart which plots discretionary trades by all the company's directors over the la...

 PRESS RELEASE

AquaBounty Technologies Announces Third Quarter Financial Results

AquaBounty Technologies Announces Third Quarter Financial Results MAYNARD, Mass., Nov. 08, 2022 (GLOBE NEWSWIRE) -- AquaBounty Technologies, Inc. (NASDAQ: AQB) (“AquaBounty” or the “Company”), a land-based aquaculture company utilizing technology to enhance productivity and sustainability, today announced the Company’s financial results for the third quarter and nine-months ended September 30, 2022. Third Quarter and Year-to-Date 2022 Highlights and Recent Developments Generated $653 thousand in product revenue in the third quarter, a year-over-year increase of 44% as compared to $455 t...

ResearchPool Subscriptions

Get the most out of your insights

Get in touch