In the latest trading session, 0.71 million Aurora Cannabis Inc (NASDAQ:ACB) shares changed hands as the company’s beta touched 1.88. With the company’s most recent per share price at $6.03 changed hands at -$0.07 or -1.07% at last look, the market valuation stands at $329.87M. ACB’s current price is a discount, trading about -55.06% off its 52-week high of $9.35. The share price had its 52-week low at $2.84, which suggests the last value was 52.9% up since then. When we look at Aurora Cannabis Inc’s average trading volume, we note the 10-day average is 0.71 million shares, with the 3-month average coming to 1.12 million.
Analysts gave the Aurora Cannabis Inc (ACB) stock a consensus recommendation rating of Hold, calculated at a mean rating of 2.67. If we narrow down to specifics, the data shows that 0 out of 7 analysts rate the stock as a Sell, with a further 0 assigning it an Overweight rating. Of the remaining, 5 recommended ACB as a Hold, 2 felt it is a Buy and 0 rated the stock as Underweight. Aurora Cannabis Inc’s EPS for the current quarter is expected to be -0.22.
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Aurora Cannabis Inc (NASDAQ:ACB) trade information
Instantly ACB was in red as seen in intraday trades today. With action 8.74%, the performance over the past five days has been green. The company’s shares are showing year-to-date upside of 26.73%, with the 5-day performance at 8.74% in the green. However, in the 30-day time frame, Aurora Cannabis Inc (NASDAQ:ACB) is 5.14% up. Looking at the short shares, we see there were 2.59 million shares sold at short interest cover period of 2.5 days.
The consensus price target for the stock as assigned by Wall Street analysts is 8, meaning bulls need an upside of 24.62% from its recent market value. According to analyst projections, ACB’s forecast low is 1 with 8.75322283 as the target high. To hit the forecast high, the stock’s price needs a -45.16% plunge from its current level, while the stock would need to tank 83.42% for it to hit the projected low.
Aurora Cannabis Inc (ACB) estimates and forecasts
Data shows that the Aurora Cannabis Inc share is performing relatively much not better than most of its peers within the same industry. As can be gleaned from the statistics, the company’s share value shot -16.18% over the past 6 months, a -15.63% in annual growth rate that is considerably lower than the industry average of 11.50%. Year-over-year growth is forecast to reach 11.50% up from the last financial year.
Consensus estimates given by 2 financial analysts project the company’s revenue in the current quarter to hit an average of 51.05M. 2 analysts are of the opinion that Aurora Cannabis Inc’s revenue for the current quarter will be 53.37M. The company’s revenue for the corresponding quarters a year ago was 45.82M and 47.09M respectively. According to analysts, the company will likely register a growth in its current quarter sales, forecast at 11.40%. The estimates for the next quarter sales put growth at 13.30%.
Looking at the company’s year-on-year earnings, data shows that the past 5-year has an earnings growth rate of 67.71%. The 2024 estimates are for Aurora Cannabis Inc earnings to increase by 72.87%.
ACB Dividends
Aurora Cannabis Inc is expected to release its next quarterly earnings report on 2024-Nov-07.
Aurora Cannabis Inc (NASDAQ:ACB)’s Major holders
The share float percentage for the stock currently stands at 13.38%. There are 13.38% institutions holding the Aurora Cannabis Inc stock share, with YONG RONG (HK) ASSET MANAGEMENT LTD the top institutional holder. As of 2024-06-30, the company held 0.3163% of the shares, roughly 0.15 million ACB shares worth $0.69 million.
STUDIO INVESTMENT MANAGEMENT LLC holds the second largest percentage of outstanding shares, with 0.0004% or 200.0 shares worth $924.0 as of 2024-06-30.
