Aurora Cannabis Inc (NASDAQ: ACB) Shares Might Go Up 19.66% This Year

In today’s recent session, 1.11 million shares of the Aurora Cannabis Inc (NASDAQ:ACB) have been traded, and its beta is 1.92. Most recently the company’s share price was $7.00, and it changed around $0.0 or 0.00% from the last close, which brings the market valuation of the company to $110.11M. ACB at last check was trading at a discount to its 52-week high of $11.50, offering almost -64.29% off that amount. The share price’s 52-week low was $2.84, which indicates that the recent value has risen by an impressive 59.43% since then. We note from Aurora Cannabis Inc’s average daily trading volume that its 3-month average coming to 7.71 million.

Aurora Cannabis Inc (NASDAQ:ACB) trade information

The performance over the last five days has remained in the green territory. The company’s shares are currently up 47.00% year-to-date, but still up 9.03% over the last five days. On the other hand, Aurora Cannabis Inc (NASDAQ:ACB) is 18.64% up in the 30-day period.

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The consensus price target as assigned by Wall Street analysts is $5.92, which translates to bulls needing to decrease their stock price by -18.24% from its current value. Analyst projections state that ACB is forecast to be at a low of $1 and a high of $8.75322283.

Aurora Cannabis Inc (ACB) estimates and forecasts

Moreover, analysts have decided to roll up on their fiscal year 2024 revenue estimates. The rating firms predict that it will gain 88.40% in revenue this quarter, and will report an increase of 88.60% in the next quarter.

Consensus estimates provided by 3 financial analysts predict the company will bring in an average of $51.57 million in revenue for the current quarter. 3 analysts expect Aurora Cannabis Inc to make $62.86 million in revenue for the quarter ending Jun 2024. The company’s sales for the same quarters a year ago were $46.86 million. Analysts predict that the company’s current quarter sales will jump, forecast at 10.00%.