Aurora Cannabis Inc. (NASDAQ: ACB) is -77.45% lower on its value in year-to-date trading and has touched a low of $1.21 and a high of $8.69 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The ACB stock was last observed hovering at around $1.30 in the last trading session, with the day’s loss setting it -0.08% off its average median price target of $1.49 for the next 12 months. It is also 59.33% off the consensus price target high of $3.00 offered by 11 analysts, but current levels are 6.87% higher than the price target low of $1.31 for the same period.
Currently trading at $1.22, the stock is -19.23% and -19.73% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 7.05 million and changing -6.15% at the moment leaves the stock -60.36% off its SMA200. ACB registered -79.70% loss for a year compared to 6-month loss of -66.48%.
The stock witnessed a -14.08% gain in the last 1 month and extending the period to 3 months gives it a -14.08%, and is -20.78% 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 7.17% over the week and 8.11% over the month.
Aurora Cannabis Inc. (ACB) has around 1643 employees, a market worth around $392.79M and $225.70M in sales. Distance from 52-week low is 0.83% and -85.96% from its 52-week high. The company has generated returns on investments over the last 12 months (-26.20%).
Aurora Cannabis Inc. (ACB) Analyst Forecasts
Analyst recommendations provided by FactSet shows that the consensus forecast for Aurora Cannabis Inc. (ACB) is a “Hold”. 11 analysts offering their recommendations for the stock have an average rating of 3.30, where 9 rate it as a Hold and 1 think it is a “Overweight”. 1 of the analysts rate the stock as a “Buy”. 0 analysts have rated the stock as a Sell or Underperform.
Aurora Cannabis Inc. is expected to release its quarterly report on 11/14/2022.The EPS is expected to grow by 87.70% this year
Aurora Cannabis Inc. (ACB) Top Institutional Holders
The shares outstanding are 214.66M, and float is at 214.08M with Short Float at 14.68%.