AKUMIN (AKU.U) Stocks

ABOUT AKUMIN

Founded in 2017, Akumin Inc. offers outpatient diagnostic imaging services. The company provides physicians with imaging capabilities to facilitate the diagnosis and treatment of diseases and disorders.

Akumin serves in the United States with its headquarters in Jacksonville, FL. It employs about 262 people.

From its earliest beginnings, the company focused on helping today’s modern healthcare consumers become more actively involved in managing their health. To achieve, the company is leveraging its combined clinical experience, with the latest advances in technology and information systems, to offer hospital-level expertise, within a local setting, via its accessible network of 125 centers across seven states.

In working to meet the customer’s needs with real-time, high-quality results, Akumin Inc. is able to develop a range of superior services that provide insightful and useful clinical information to its referring physicians.

The result is that over time, as more patients learn about their health risks and predispositions, Akumin can progress from simply diagnosing diseases to actually preventing them.

OVERVIEW OF AKUMIN

• Akumin Inc. is a United States-based company, which provides freestanding, fixed-site outpatient diagnostic imaging services.

• The company owns, operates or manages centers located in Florida, Delaware, Pennsylvania, Illinois, Texas and Kansas.

• Its centers provide physicians with imaging capabilities to facilitate the diagnosis and treatment of diseases and disorders and reduce unnecessary invasive procedures.

• The company’s services include Magnetic Resonance Imaging (MRI), Computed Tomography (CT) and Positron Emission Tomography (PET), radiology, ultrasound, diagnostic radiology (X-ray), mammography, arthrography and other related procedures.

VISION & VALUES OF AKUMIN

• Akumin Inc. pride itself on its commitment to excellence. The company’s approach is looking towards a future of possibilities through education, innovation and patient engagement.

• This approach to delivering customized care, convenience and consistency, all at competitive rates for its customers, not only addresses the changing healthcare landscape, but also represents a significant source of appeal for its referring physicians.

• Shareholders who purchase company shares can rest assured of superior value.

MARKET PERFORMANCE OF AKUMIN

• Akumin Inc. trades on Toronto Stock Securities Exchange (TSX) and lists under the stock symbol AKU.U. The company forms part of the TSX 500.

• For the third quarter of 2019, the company’s cash balance is about US Dollar 17.5 million. The accounts receivable is about US Dollar 77 million versus about US Dollar 66.5 million in the second quarter. This increase of about US Dollar 11 million was mainly due to about US Dollar 15 million increase in net revenue in the third quarter.

• Also during August 2019, the company bought El Paso acquisition, which added about US Dollar 1.3 million in opening balance sheet accounts.

• The capital expenditure for the year-to-date September were about US Dollar 9.3 million, representing approximately 5.5% of year-to-date revenue, which is broadly in line with the company’s expectations. Income before taxes is US Dollar 4,927,658 and net income and comprehensive income for the period is US Dollar 4,779,730.

Buy AKUMIN stocks / shares – A Step by Step Guide how to Buy / Purchase AKUMIN Stocks or Shares online.

Before buying any stock or share one has to consider a few factors.

STEP 1: PROPER RESEARCH IS ESSENTIAL

Upon deciding you want to buy AKUMIN Stocks / Shares, it is critical for the serious investor to do proper research into the said company. Its values should align with those of the investor’s current portfolio. An investor needs to familiarise himself with the basics and history of the company, as well as its leadership and performance in the market. Its company reports should also be scrutinized.

Consultation with a brokerage firm can also assist in determining whether investing in a specific company will complement the investor’s current portfolio. The investment “risk ladder”, which identifies asset classes based on their relative riskiness, is another useful tool when determining which company’s stock / share is the best to buy.

STEP 2: CALCULATE THE AMOUNT OF INVESTMENT IN AKUMIN STOCKS / SHARES

It is important for an investor to monitor his total investment in stock in order to keep his portfolio aligned to his investment strategy. The overall value of his holdings will change with the fluctuation in stock prices, which can throw his portfolio off balance. To determine the amount to invest, multiply the number of shares of each stock by its current market price to determine the total investment in that specific stock. For example, if you own 100 shares of a US Dollar 5 stock, multiply 100 by US Dollar 5 to get US Dollar 500.

STEP 3: DECIDE ON THE STOCK / SHARE ORDER TYPE

Investors can choose from a market order, a limit order, a stop order (also referred to as a stop-loss order) or a buy/sell stop order. It is important to familiarise yourself with each type’s pros and cons before deciding which one will suit your current stock profile best. An investor should be guided in this choice by his investment objective.

STEP 4: OPEN A BROKERAGE ACCOUNT

A brokerage account – also known as taxable investment account – is similar to a retirement account, but more flexible. Where a retirement account has limitations on the amount of money that can be contributed annually, and restrictions on when funds can be withdrawn, a brokerage account is more flexible. The latter has no income or contribution limit and the investor can withdraw his money at any given time. This flexibility, together with its potential investment gains, makes a brokerage account more attractive to serious investors. Brokerage accounts are ideal for goals or savings that are further than five years away, but closer than retirement. It can also supplement an investor’s emergency savings.

STEP 5: COMMIT AND PURCHASE AKUMIN STOCKS / SHARES

Lastly, commit to the stock. Pro Tip: Monitor the value of your stock to ensure you have a growing stock value and dividend pay-out.  Regularly check the share price online to ensure your investment delivers a positive return on investment. You are now a proud owner of AKUMIN stocks / shares.

5 Questions to ask yourself before purchasing any stocks or shares.

1. Is it the best time to buy this stock / share?
2. Should I buy AKUMIN stocks / shares in the current economic climate?
3. Can I afford to buy this stock / share?
4. What is the forecast of the stock / share growth?
5. What is the current price per earning ration on the stock / share?