In the latest trading session, 5.01 million Aurora Cannabis Inc (NASDAQ:ACB) shares changed hands as the company’s beta touched 2.36. With the company’s most recent per share price at $4.36 changed hands at -$0.5 or -10.29% at last look, the market valuation stands at $68.58M. ACB’s current price is a discount, trading about -163.76% off its 52-week high of $11.50. The share price had its 52-week low at $2.84, which suggests the last value was 34.86% up since then. When we look at Aurora Cannabis Inc’s average trading volume, we note the 10-day average is 3.57 million shares, with the 3-month average coming to 1.29 million.
Aurora Cannabis Inc (NASDAQ:ACB) trade information
Instantly ACB was in red as seen in intraday trades today. With action 17.84%, the performance over the past five days has been green. The drop to weekly highs of 4.92 subtracted -10.29% to the stock’s daily price. The company’s shares are showing year-to-date downside of -8.44%, with the 5-day performance at 17.84% in the green. However, in the 30-day time frame, Aurora Cannabis Inc (NASDAQ:ACB) is 33.74% up. Looking at the short shares, we see there were 3.55 million shares sold at short interest cover period of 3.66 days.
Aurora Cannabis Inc (ACB) estimates and forecasts
Moreover, analysts have looked to higher expectations by upgrading its fiscal year 2024 revenue estimates. The rating firms predict current quarter revenue for Aurora Cannabis Inc will rise 88.40%, while the growth in revenue is estimated to hit 88.60% for the next quarter.
Consensus estimates given by 4 financial analysts project the company’s revenue in the current quarter to hit an average of $51.44 million. 3 analysts are of the opinion that Aurora Cannabis Inc’s revenue for the quarter ending Jun 2024 will be $63.04 million. The company’s revenue for the corresponding quarters a year ago was $46.86 million. According to analysts, the company will likely register a growth in its current quarter sales, forecast at 9.80%.
The 2024 estimates are for Aurora Cannabis Inc earnings to increase by 75.33%.
ACB Dividends
Aurora Cannabis Inc is expected to release its next quarterly earnings report between June 12 and June 17.
Aurora Cannabis Inc (NASDAQ:ACB)’s Major holders
If we look at who the major shareholders are, we find that insiders hold 0.01% of Aurora Cannabis Inc shares while 6.97% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 6.97%. There are 6.97% institutions holding the Aurora Cannabis Inc stock share, with Renaissance Technologies, LLC the top institutional holder. As of Dec 30, 2023, the company held 1.89% of the shares, roughly 1.03 million ACB shares worth $4.53 million.
Mirae Asset Global Investments Co., Ltd. holds the second largest percentage of outstanding shares, with 0.48% or 0.26 million shares worth $1.16 million as of Dec 30, 2023.
Among Mutual Funds, the top two as of Dec 30, 2023 were ETF Managers Tr-EFTMG Alternative Harvest ETF and DFA Investment Dimensions-Canadian Small Company Series. With 1.14 million shares estimated at $5.03 million under it, the former controlled 2.10% of total outstanding shares. On the other hand, DFA Investment Dimensions-Canadian Small Company Series held about 0.11% of the shares, roughly 61293.0 shares worth around $0.27 million.
