In today’s recent session, 1.61 million shares of the Aurora Cannabis Inc (NASDAQ:ACB) have been traded, and its beta is 1.72. Most recently the company’s share price was $6.35, and it changed around $0.32 or 5.31% from the last close, which brings the market valuation of the company to $348.49M. ACB at last check was trading at a discount to its 52-week high of $9.35, offering almost -47.24% off that amount. The share price’s 52-week low was $2.84, which indicates that the recent value has risen by an impressive 55.28% since then. We note from Aurora Cannabis Inc’s average daily trading volume that its 10-day average is 10.51 million shares, with the 3-month average coming to 2.40 million.
Aurora Cannabis Inc stock received a consensus recommendation rating of Hold, based on a mean score of 2.14. If we narrow it down even further, the data shows that 0 out of 7 analysts rate the stock as a Sell; another 0 rate it as Overweight. Among the rest, 4 recommended ACB as a Hold, whereas 3 deemed it a Buy, and 0 rated it as Underweight. Aurora Cannabis Inc is expected to report earnings per share of 0 for the current quarter.
Aurora Cannabis Inc (NASDAQ:ACB) trade information
Instantly ACB has been showing a green trend so far today with a performance of 5.31% on intraday trading today. The performance over the last five days has remained in the green territory. The rise to weekly highs of 6.65 on recent trading dayincreased the stock’s daily price by 4.51%. The company’s shares are currently up 49.41% year-to-date, but still up 83.53% over the last five days. On the other hand, Aurora Cannabis Inc (NASDAQ:ACB) is 43.67% up in the 30-day period. We can see from the shorts that 4.89 million shares have been sold at a short interest cover period of 6.85 day(s).
The consensus price target as assigned by Wall Street analysts is $8, which translates to bulls needing to increase their stock price by 20.63% from its current value. Analyst projections state that ACB is forecast to be at a low of $1 and a high of $8.75322283.
Aurora Cannabis Inc (ACB) estimates and forecasts
The year-over-year growth rate is expected to be 27.13%, up from the previous year.
Consensus estimates provided by 4 financial analysts predict the company will bring in an average of 90.38M in revenue for the current quarter. 4 analysts expect Aurora Cannabis Inc to make 100.41M in revenue for the current ending quarter. The company’s sales for the same quarters a year ago were 67.41M and 83.44M respectively. Analysts predict that the company’s current quarter sales will jump, forecast at 34.07%. Forecasts for the next quarter put sales growth at 20.35%.
Looking at the company’s year-over-year earnings, the past five years showed a positive earnings growth rate of 67.71%.
ACB Dividends
Aurora Cannabis Inc’s next quarterly earnings report is expected to be released in March.
Aurora Cannabis Inc (NASDAQ:ACB)’s Major holders
Upon looking at major shareholders, 11.44% of them are in the hands of institutional investors. The stock currently has a share float of 11.44%. Aurora Cannabis Inc stock is held by 180.0 institutions, with YONG RONG (HK) ASSET MANAGEMENT LTD being the largest institutional investor. By 2024-06-30, it held 0.3163% of the shares, which is about 0.15 million shares worth $0.69 million.
STUDIO INVESTMENT MANAGEMENT LLC, with 0.0004% or 200.0 shares worth $924.0 as of 2024-06-30, holds the second largest percentage of outstanding shares.
Amplify ETF Tr-Amplify Alternative Harvest ETF and Dimensional ETF Tr-Dimensional International Small Cap ETF were the top two Mutual Funds as of Sep 30, 2024. The former held 1.34 shares worth $8.5 million, making up 2.45% of all outstanding shares. On the other hand, Dimensional ETF Tr-Dimensional International Small Cap ETF held roughly 75.23 shares worth around $0.48 million, which represents about 0.14% of the total shares outstanding.
