Short term estimates and forecasts for Aurora Cannabis Inc. (ACB) – Marketing Sentinel

Short term estimates and forecasts for Aurora Cannabis Inc. (ACB)

Aurora Cannabis Inc. (NYSE:ACB) has a beta value of 0 and has seen 4,885,647 shares traded in the recent trading session. The company, currently valued at $1.58 Billion, closed the recent trade at $8.06 per share which meant it lost -$0.03 on the day or -0.31% during that session. The ACB stock price is -144.17% off its 52-week high price of $19.68 and 53.97% above the 52-week low of $3.71. If we look at the company’s 10-day average daily trading volume, we find that it stood at 8.39 Million shares traded. The 3-month trading volume is 23.24 Million shares.

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The consensus among analysts is that Aurora Cannabis Inc. (ACB) is an Underweight stock at the moment, with a recommendation rating of 0. 5 analysts rate the stock as a Sell, while 1 rate it as Overweight. 8 out of 15 have rated it as a Hold, with no one of them advising it as a Buy. 1 have rated the stock as Underweight.

Aurora Cannabis Inc. (NYSE:ACB) trade information

Despite being -0.31% in the red today, the stock has traded in the green over the last five days, with the highest price hit on Friday, Apr 09 when the ACB stock price touched $9.00-1 or saw a rise of 10.22%. Year-to-date, Aurora Cannabis Inc. shares have moved -2.77%, while the 5-day performance has seen it change -10.02%. Over the past 30 days, the shares of Aurora Cannabis Inc. (NYSE:ACB) have changed -23.56%. Short interest in the company has seen 27.84 Million shares shorted with days to cover at 1.2.

Wall Street analysts have a consensus price target for the stock at $9.87, which means that the shares’ value could jump 22.46% from the levels at last check today. The projected low price target is $6.14 while the price target rests at a high of $14.17. In that case, then, we find that the latest price level in today’s session is +75.81% off the targeted high while a plunge would see the stock lose -23.82% from the levels at last check today.

Aurora Cannabis Inc. (ACB) estimates and forecasts

Earnings growth for 2021 is a modest +0%.

Aurora Cannabis Inc. (NYSE:ACB)’s Major holders

Insiders own 0.2% of the company shares, while shares held by institutions stand at 19.13% with a share float percentage of 19.17%. Investors are also buoyed by the number of investors in a company, with Aurora Cannabis Inc. having a total of 333 institutions that hold shares in the company. The top two institutional holders are ETF Managers Group, LLC with over 6.79 Million shares worth more than $56.39 Million. As of December 30, 2020, ETF Managers Group, LLC held 3.43% of shares outstanding.

The other major institutional holder is Vanguard Group, Inc. (The), with the holding of over 3.12 Million shares as of December 30, 2020. The firm’s total holdings are worth over $25.92 Million and represent 1.58% of shares outstanding.

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Also the top two Mutual Funds that are holding company’s shares are ETF Managers Tr-EFTMG Alternative Harvest ETF and Vanguard International Stock Index-Total Intl Stock Indx. As of December 30, 2020, the former fund manager holds about 3.43% shares in the company for having 6785656 shares of worth $56.39 Million while later fund manager owns 1.52 Million shares of worth $6.18 Million as of October 30, 2020, which makes it owner of about 0.77% of company’s outstanding stock.

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