Aurora Cannabis Inc (NASDAQ: ACB) Shares Could Drop Up To -41.41%

IPW

In the last trading session, 1.18 million shares of the Aurora Cannabis Inc (NASDAQ:ACB) were traded, and its beta was 1.91. Most recently the company’s share price was $6.19, and it changed around $0.04 or 0.65% from the last close, which brings the market valuation of the company to $97.37M. ACB currently trades at a discount to its 52-week high of $11.50, offering almost -85.78% off that amount. The share price’s 52-week low was $2.84, which indicates that the current value has risen by an impressive 54.12% since then. We note from Aurora Cannabis Inc’s average daily trading volume that its 3-month average coming to 7.95 million.

Aurora Cannabis Inc (NASDAQ:ACB) trade information

Instantly ACB has showed a green trend with a performance of 0.65% at the end of last trading. The performance over the last five days has remained in the red territory. The company’s shares are currently up 29.99% year-to-date, but still down -4.03% over the last five days. On the other hand, Aurora Cannabis Inc (NASDAQ:ACB) is -15.90% down 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 -4.56% 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.

ACB Dividends

Aurora Cannabis Inc’s next quarterly earnings report is expected to be released in July.

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