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Aurora Cannabis Inc. (ACB) – The 24.44% Upside Potential Remains

Aurora Cannabis Inc. (NASDAQ: ACB) is 10.56% higher on its value in year-to-date trading and has touched a low of $0.82 and a high of $4.90 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 $0.97 in the last trading session, with the day’s gains setting it 0.05% off its average median price target of $1.35 for the next 12 months. It is also 54.87% off the consensus price target high of $2.26 offered by 12 analysts, but current levels are -12.09% lower than the price target low of $0.91 for the same period.

Currently trading at $1.02, the stock is 10.38% and -9.18% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 6.22 million and changing 5.34% at the moment leaves the stock -37.90% off its SMA200. ACB registered -78.53% loss for a year compared to 6-month loss of -27.66%.

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The stock witnessed a 8.21% gain in the last 1 month and extending the period to 3 months gives it a -6.42%, and is -0.97% 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 6.53% over the week and 7.06% over the month.

Aurora Cannabis Inc. (ACB) has around 1338 employees, a market worth around $397.88M and $210.50M in sales. Distance from 52-week low is 24.19% and -79.18% from its 52-week high. The company has generated returns on investments over the last 12 months (-183.60%).

Aurora Cannabis Inc. (ACB) Analyst Forecasts

Analyst recommendations provided by FactSet shows that the consensus forecast for Aurora Cannabis Inc. (ACB) is a “Hold”. 12 analysts offering their recommendations for the stock have an average rating of 2.90, where 10 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 09/21/2022.The EPS is expected to shrink by -95.30% this year.

Aurora Cannabis Inc. (ACB) Top Institutional Holders

The shares outstanding are 300.44M, and float is at 275.89M with Short Float at 13.03%.

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