Aurora Cannabis Inc (NASDAQ:ACB)’s traded shares stood at 1.05 million during the last session, with the company’s beta value hitting 1.87. At the close of trading, the stock’s price was $4.20, to imply a decrease of -3.23% or -$0.14 in intraday trading. The ACB share’s 52-week high remains $9.35, putting it -122.62% down since that peak but still an impressive 32.38% since price per share fell to its 52-week low of $2.84. The company has a valuation of $323.95M, with an average of 1.69 million shares in intraday trading volume over the past 10 days and average of 1.02 million shares over the past 3 months.
Analysts have given a consensus recommendation of Hold for Aurora Cannabis Inc (ACB), translating to a mean rating of 2.67. Of 7 analyst(s) looking at the stock, 0 analyst(s) give ACB a Sell rating. 0 of those analysts rate the stock as Overweight while 5 advise Hold as 2 recommend it as a Buy. 0 analyst(s) have given it an Underweight rating. Estimates put the company’s current-quarter earnings per share at -0.03.
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Aurora Cannabis Inc (NASDAQ:ACB) trade information
After registering a -3.23% downside in the last session, Aurora Cannabis Inc (ACB) has traded red over the past five days. The 5-day price performance for the stock is -12.86%, and -23.64% over 30 days. With these gigs, the year-to-date price performance is -11.80%. Short interest in Aurora Cannabis Inc (NASDAQ:ACB) saw shorts transact 2.81 million shares and set a 3.77 days time to cover.
The extremes give us $1 and $8.75322283 for target low and target high price respectively. As such, ACB has been trading -108.41% off suggested target high and 76.19% from its likely low.
Aurora Cannabis Inc (ACB) estimates and forecasts
Looking at statistics comparing Aurora Cannabis Inc share performance against respective industry, we note that the company has outperformed competitors. Aurora Cannabis Inc (ACB) shares are -43.09% down over the last 6 months, with its year-to-date growth rate higher than industry average at 93.75% against 11.80%. Revenue is forecast to grow 94.00% this quarter before jumping 102.44% for the next one. The rating firms project that company’s revenue will grow 21.76% compared to the previous financial year.
Revenue forecast for the current quarter as set by 4 analysts is 80.26M. Meanwhile, for the current quarter, a total of 4 analyst(s) estimate revenue growth to 83.62M.Earnings reports from the last fiscal year show that sales brought in 64.42M and 67.41M respectively in the corresponding quarters. In this case, analysts estimate current quarter sales to rise 24.59% before jumping 24.04% in the following quarter.
ACB Dividends
Aurora Cannabis Inc has its next earnings report out on 2025-Feb-06. However, it is important to take into account that this dividend yield ratio is just an indicator to only serve the purpose of guidance. Investors interested to invest in the stock should ponder company’s other fundamental and operations related aspects too.
Aurora Cannabis Inc (NASDAQ:ACB)’s Major holders
In total, 13.10% institutions holds shares in the company, led by YONG RONG (HK) ASSET MANAGEMENT LTD. As of 2024-06-30, the company held over 0.15 million shares (or 0.3163% of shares), all amounting to roughly $0.69 million.
The next major institution holding the largest number of shares is STUDIO INVESTMENT MANAGEMENT LLC with 200.0 shares, or about 0.0004% of shares outstanding. As of the market price on 2024-06-30, these shares were worth $924.0.
