307 institutions hold shares in Aurora Cannabis Inc. (ACB), with 388.86k shares held by insiders accounting for 0.20% while institutional investors hold 14.17% of the company’s shares. The shares outstanding are 197.39M, and float is at 196.80M with Short Float at 13.15%. Institutions hold 14.14% of the Float.
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The top institutional shareholder in the company is ETF Managers Group, LLC with over 4.62 million shares valued at $21.47 million. The investor’s holdings represent 2.34% of the ACB Shares outstanding. As of Sep 29, 2020, the second largest holder is Vanguard Group, Inc. (The) with 2.97 million shares valued at $13.81 million to account for 1.51% of the shares outstanding. The other top investors are Morgan Stanley which holds 1.12 million shares representing 0.57% and valued at over $5.23 million, while JP Morgan Chase & Company holds 0.40% of the shares totaling 0.79 million with a market value of $3.65 million.
Aurora Cannabis Inc. (NYSE: ACB) is 46.93% higher on its value in year-to-date trading and has touched a low of $3.71 and a high of $21.48 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The ACB stock was last observed hovering at around $12.02 in the last trading session, with the day’s gains setting it 0.19% off its average median price target of $9.62 for the next 12 months. It is also 16.14% off the consensus price target high of $14.56 offered by 16 analysts, but current levels are -237.29% lower than the price target low of $3.62 for the same period.
Currently trading at $12.21, the stock is -4.51% and 10.06% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 13.46 million and changing 1.58% at the moment leaves the stock 24.12% off its SMA200. ACB registered -39.43% loss for a year compared to 6-month gain of 23.21%. The firm has a 50-day simple moving average (SMA 50) of $12.03 and a 200-day simple moving average (SMA200) of $8.71.
The stock witnessed a 5.81% loss in the last 1 month and extending the period to 3 months gives it a 69.58%, and is -15.62% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 10.75% over the week and 11.47% over the month.
Current P/E ratio is 56.53. Distance from 52-week low is 229.11% and -43.16% from its 52-week high.
Aurora Cannabis Inc. (ACB) Analyst Forecasts
Analyst recommendations provided by FactSet shows that the consensus forecast for Aurora Cannabis Inc. (ACB) is a “Underweight”. 16 analysts offering their recommendations for the stock, where 9 rate it as a Hold and 0 think it is a “Overweight”. 0 of the analysts rate the stock as a “Buy”. 6 analysts have rated the stock as a Sell or Underperform.
Aurora Cannabis Inc. is expected to release its quarterly report on 05/19/2021..