Home  »  Business   »  One More Stock Investors Ought To Pay Attention To...

One More Stock Investors Ought To Pay Attention To Is Aurora Cannabis Inc. (NASDAQ: ACB)

During the last session, Aurora Cannabis Inc. (NASDAQ:ACB)’s traded shares were 4.25 million, with the beta value of the company hitting 2.97. At the end of the trading day, the stock’s price was $0.56, reflecting an intraday loss of -5.66% or -$0.03. The 52-week high for the ACB share is $2.80, that puts it down -400.0 from that peak though still a striking 1.79% gain since the share price plummeted to a 52-week low of $0.55. The company’s market capitalization is $237.24M, and the average intraday trading volume over the past 10 days was 3.43 million shares, and the average trade volume was 3.46 million shares over the past three months.

Aurora Cannabis Inc. (ACB) received a consensus recommendation of a Hold from analysts. That translates to a mean rating of 2.90. ACB has a Sell rating from 0 analyst(s) out of 3 analysts who have looked at this stock. 3 analyst(s) recommend to Hold the stock while 0 suggest Overweight, and 0 recommend a Buy rating for it. 0 analyst(s) has rated the stock Underweight. Company’s earnings per share (EPS) for the current quarter are expected to be -$0.05.

25-cent Stock Takes $11T Commodities Sector Digital

One brilliantly-run technology firm has successfully partnered with some of the largest players in the industry to bring a first-of-its-kind digital solution to the global commodities supply chain sector. Best of all, this upstart technology firm is currently trading undiscovered — below 25-cents per share — so very, very few investors know about it yet! For investors… it's an early-stage opportunity in a company that's bringing the US$11T global commodities sector straight into the 21st century.

All the details are in the FREE online report you can get here.


Aurora Cannabis Inc. (NASDAQ:ACB) trade information

Aurora Cannabis Inc. (ACB) registered a -5.66% downside in the last session and has traded in the red over the past 5 sessions. The stock plummet -5.66% in intraday trading to $0.56 this Thursday, 05/25/23, hitting a weekly high. The stock’s 5-day price performance is -11.11%, and it has moved by -1.77% in 30 days. Based on these gigs, the overall price performance for the year is -78.21%. The short interest in Aurora Cannabis Inc. (NASDAQ:ACB) is 31.34 million shares and it means that shorts have 10.96 day(s) to cover.

The consensus price target of analysts on Wall Street is $1.25, which implies an increase of 55.2% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $0.96 and $1.45 respectively. As a result, ACB is trading at a discount of -158.93% off the target high and -71.43% off the low.

Aurora Cannabis Inc. (ACB) estimates and forecasts

Statistics show that Aurora Cannabis Inc. has outperformed its competitors in share price, compared to the industry in which it operates. Aurora Cannabis Inc. (ACB) shares have gone down -57.25% during the last six months, with a year-to-date growth rate more than the industry average at 80.66% against 17.40. In the rating firms’ projections, revenue will decrease -11.40% compared to the previous financial year.

Revenue for the current quarter is expected to be $48.22 million as predicted by 8 analyst(s). Meanwhile, a consensus of 2 analyst(s) estimates revenue growth to $47.51 million by the end of Jun 2023. As per earnings report from last fiscal year’s results, sales for the corresponding quarters totaled $37.83 million and $37.53 million respectively. In this case, analysts expect current quarter sales to grow by 27.50% and then jump by 26.60% in the coming quarter.

While earnings are projected to return -95.30% in 2023.

ACB Dividends

Aurora Cannabis Inc. is due to release its next quarterly earnings between May 25 and May 28. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance.

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

Aurora Cannabis Inc. insiders own 0.06% of total outstanding shares while institutional holders control 17.37%, with the float percentage being 17.38%. ETF Managers Group, LLC is the largest shareholder of the company, while 277 institutions own stock in it. As of Mar 30, 2023, the company held over 8.35 million shares (or 2.37% of all shares), a total value of $5.82 million in shares.

The next largest institutional holding, with 5.81 million shares, is of Renaissance Technologies, LLC’s that is approximately 1.65% of outstanding shares. At the market price on Mar 30, 2023, these shares were valued at $4.05 million.

Also, the Mutual Funds coming in first place with the largest holdings of Aurora Cannabis Inc. (ACB) shares are ETF Managers Tr-EFTMG Alternative Harvest ETF and Global X Fds-The Global X Cannabis ETF. Data provided on Dec 30, 2022 indicates that ETF Managers Tr-EFTMG Alternative Harvest ETF owns about 10.77 million shares. This amounts to just over 3.09 percent of the company’s overall shares, with a $9.94 million market value. The same data shows that the other fund manager holds slightly less at 2.31 million, or about 0.66% of the stock, which is worth about $1.61 million.

On Key

Related Posts