In the latest trading session, 39.41 million Aurora Cannabis Inc (NASDAQ:ACB) shares changed hands as the company’s beta touched 1.78. With the company’s most recent per share price at $5.23 changing hands around $1.55 or 42.25% at last look, the market valuation stands at $287.29M. ACB’s current price is a discount, trading about -78.78% 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 45.7% up since then. When we look at Aurora Cannabis Inc’s average trading volume, we note the 10-day average is 0.69 million shares, with the 3-month average coming to 880.69K.
Analysts gave the Aurora Cannabis Inc (ACB) stock a consensus recommendation rating of Hold, calculated at a mean rating of 2.33. 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 (NASDAQ:ACB) trade information
Instantly ACB is in green as seen in intraday trades today. With action 41.48%, the performance over the past five days has been green. The company’s shares are showing year-to-date upside of 23.17%, with the 5-day performance at 41.48% in the green. However, in the 30-day time frame, Aurora Cannabis Inc (NASDAQ:ACB) is 11.38% up. Looking at the short shares, we see there were 4.89 million shares sold at short interest cover period of 6.85 days.
The consensus price target for the stock as assigned by Wall Street analysts is 8, meaning bulls need an upside of 34.62% 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 -67.37% plunge from its current level, while the stock would need to tank 80.88% 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 better than most of its peers within the same industry. As can be gleaned from the statistics, the company’s share value shot -5.51% over the past 6 months, a 68.75% in annual growth rate that is considerably higher than the industry average of 13.20%.
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 2025 estimates are for Aurora Cannabis Inc earnings to increase by 87.05%.
ACB Dividends
Aurora Cannabis Inc is expected to release its next quarterly earnings report in March.
Aurora Cannabis Inc (NASDAQ:ACB)’s Major holders
The share float percentage for the stock currently stands at 11.44%. There are 11.44% 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.
Among Mutual Funds, the top two as of Sep 30, 2024 were Amplify ETF Tr-Amplify Alternative Harvest ETF and Dimensional ETF Tr-Dimensional International Small Cap ETF. With 1.34 shares estimated at $6.95 million under it, the former controlled 2.45% of total outstanding shares. On the other hand, Dimensional ETF Tr-Dimensional International Small Cap ETF held about 0.14% of the shares, roughly 75.23 shares worth around $0.39 million.
