During the last session, Aurora Cannabis Inc (NASDAQ:ACB)’s traded shares were 0.9 million, with the beta value of the company hitting 1.87. At the end of the trading day, the stock’s price was $4.34, reflecting an intraday gain of 0.93% or $0.04. The 52-week high for the ACB share is $9.35, that puts it down -115.44 from that peak though still a striking 34.56% gain since the share price plummeted to a 52-week low of $2.84. The company’s market capitalization is $333.43M, and the average intraday trading volume over the past 10 days was 1.19 million shares, and the average trade volume was 975.96K shares over the past three months.
Aurora Cannabis Inc (ACB) received a consensus recommendation of Hold from analysts. That translates to a mean rating of 2.67. ACB has a Sell rating from 0 analyst(s) out of 7 analysts who have looked at this stock. 5 analyst(s) recommend to Hold the stock while 0 suggest Overweight, and 2 recommend a Buy rating for it. 0 analyst(s) has rated the stock Underweight. Company’s earnings per share (EPS) for the current quarter are expected to be 0.
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Aurora Cannabis Inc (NASDAQ:ACB) trade information
Aurora Cannabis Inc (ACB) registered a 0.93% upside in the last session and has traded in the green over the past 5 sessions. The stock spiked 0.93% in intraday trading to $4.34, hitting a weekly high. The stock’s 5-day price performance is 3.33%, and it has moved by -23.46% in 30 days. Based on these gigs, the overall price performance for the year is -6.47%. The short interest in Aurora Cannabis Inc (NASDAQ:ACB) is 2.81 million shares and it means that shorts have 3.77 day(s) to cover.
The consensus price target of analysts on Wall Street is $8, which implies an increase of 45.75% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $1 and $8.75322283 respectively. As a result, ACB is trading at a discount of -101.69% off the target high and 76.96% off the low.
Aurora Cannabis Inc (ACB) estimates and forecasts
Statistics show that Aurora Cannabis Inc has outperformed its competitors in share price, compared to the industry in which it operates. Aurora Cannabis Inc (ACB) shares have gone down -34.83% during the last six months, with a year-to-date growth rate more than the industry average at 93.75% against 11.50. In the rating firms’ projections, revenue will increase 21.76% compared to the previous financial year.
As companies strive to predict their financial trajectories, we turn our attention to the forthcoming financial quarter. Here are the insights gathered from industry analysts. Revenue for the current quarter is expected to be 80.26M as predicted by 4 analyst(s). Meanwhile, a consensus of 4 analyst(s) estimates revenue growth to 83.62M by the end of current fiscal year. As per earnings report from last fiscal year’s results, sales for the corresponding quarters totaled 64.42M and 67.41M respectively. In this case, analysts expect current quarter sales to grow by 24.59% and then jump by 24.04% in the coming quarter.
An analysis of the company’s performance over the past 5 years shows that the company’s earnings grew an estimated 67.71%. While earnings are projected to return 88.29% in 2024.
ACB Dividends
Aurora Cannabis Inc is due to release its next quarterly earnings in December. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance.
The next largest institutional holding, with 200.0 shares, is of STUDIO INVESTMENT MANAGEMENT LLC’s that is approximately 0.0004% of outstanding shares. At the market price on 2024-06-30, these shares were valued at $924.0.
Also, the Mutual Funds coming in first place with the largest holdings of Aurora Cannabis Inc (ACB) shares are Amplify ETF Tr-Amplify Alternative Harvest ETF and DFA Investment Dimensions-Canadian Small Company Series . Data provided on Jun 30, 2024 indicates that Amplify ETF Tr-Amplify Alternative Harvest ETF owns about 1.31 shares. This amounts to just over 2.38 percent of the company’s overall shares, with a $5.67 million market value. The same data shows that the other fund manager holds slightly less at 61.29, or about 0.11% of the stock, which is worth about $0.27 million.
