Aurora Cannabis Inc (NASDAQ:ACB) has a beta value of 1.91 and has seen 1.36 million shares traded in the last trading session. The company, currently valued at $465.78M, closed the last trade at $6.11 per share which meant it gained $0.13 on the day or 2.17% during that session. The ACB stock price is -53.03% off its 52-week high price of $9.35 and 53.52% above the 52-week low of $2.84. If we look at the company’s 10-day average daily trading volume, we find that it stood at 1.25 million shares traded. The 3-month trading volume is 1.06 million shares.
The consensus among analysts is that Aurora Cannabis Inc (ACB) is Hold stock at the moment, with a recommendation rating of 2.67. 0 analysts rate the stock as a Sell, while 0 rate it as Overweight. 5 out of 7 have rated it as a Hold, with 2 advising it as a Buy. 0 have rated the stock as Underweight. The expected earnings per share for the stock is -0.22.
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Aurora Cannabis Inc (NASDAQ:ACB) trade information
Sporting 2.17% in the green in last session, the stock has traded in the green over the last five days, with the highest price hit on recent trading when the ACB stock price touched $6.11 or saw a rise of 0.65%. Year-to-date, Aurora Cannabis Inc shares have moved 28.31%, while the 5-day performance has seen it change 3.56%. Over the past 30 days, the shares of Aurora Cannabis Inc (NASDAQ:ACB) have changed 14.21%. Short interest in the company has seen 2.63 million shares shorted with days to cover at 3.77.
Wall Street analysts have a consensus price target for the stock at $8, which means that the shares’ value could jump 23.62% from current levels. The projected low price target is $1.0 while the price target rests at a high of $8.75322283. In that case, then, we find that the current price level is -43.26% off the targeted high while a plunge would see the stock lose 83.63% from current levels.
Aurora Cannabis Inc (ACB) estimates and forecasts
Figures show that Aurora Cannabis Inc shares have underperformed across the wider relevant industry. The company’s shares have lost -8.26% over the past 6 months, with this year growth rate of -15.63%, compared to 11.60% for the industry. Revenue growth from the last financial year stood is estimated to be 10.70%.
2 analysts offering their estimates for the company have set an average revenue estimate of 50.68M for the current quarter. 2 have an estimated revenue figure of 52.98M for the next ending quarter. Year-ago sales stood 45.82M and 47.09M respectively for this quarter and the next, and analysts expect sales will grow by 10.60% for the current quarter and 10.70% for the next.
If we evaluate the company’s growth over the last 5-year and for the next 5-year period, we find that annual earnings growth was 67.71% over the past 5 years.
ACB Dividends
Aurora Cannabis Inc is expected to release its next earnings report in December this year, and investors are excited at the prospect of better dividends despite the company’s debt issue.
Aurora Cannabis Inc (NASDAQ:ACB)’s Major holders
Investors are also buoyed by the number of investors in a company, with Aurora Cannabis Inc having a total of 186.0 institutions that hold shares in the company. The top two institutional holders are YONG RONG (HK) ASSET MANAGEMENT LTD with over 0.15 million shares worth more than $0.69 million. As of 2024-06-30, YONG RONG (HK) ASSET MANAGEMENT LTD held 0.3163% of shares outstanding.
The other major institutional holder is STUDIO INVESTMENT MANAGEMENT LLC, with the holding of over 200.0 shares as of 2024-06-30. The firm’s total holdings are worth over $924.0 and represent 0.0004% of shares outstanding.
